Foundations of Impact

The CPIA Foundations of Impact teaches participants how to appropriately define and measure the impact of projects and policies. This allows organizations to consider social impact alongside financial benefits and costs when assessing new opportunities, public policies, social programs, or international development projects. Participants learn how to assess feasibility using frameworks such as cost-benefit and cost-effectiveness analysis (CBA and CEA). Although the methodologies in the course rely on tools from economics and finance, they are presented with an emphasis on real-world application and practicality, making the concepts accessible to students regardless of their background. Additionally, the course explores the relationship between impact and investment decisions, providing an overview of innovative project finance opportunities in the social sector.

In this course you will learn how to:

  • Justify the need for social projects and public policy
  • Analyze theory of change and measure impact
  • Conduct cost-benefit and cost-effectiveness analysis
  • Integrate gender and environment into impact analysis
  • Integrate financial and social analysis
  • Define the role of pay-for-results and blended finance, and impact investing
  • Conduct cost analysis and outcome pricing
  • Define impact in the context of economic growth and fiscal & monetary (macroeconomic) policy

Register for Foundations of Impact

Evaluating Impact

The CPIA Evaluating Impact course teaches participants how to evaluate the impact of projects, programs, and policies using data. It covers how to assess the quality of existing evidence, and how to build new evidence. The course discusses "right-fit" monitoring, evaluation & learning frameworks, and how to use these tools to track and manage performances. Participants learn the fundamentals of randomized control trials (RCTs) and other experimental & quasi-experimental,  rigorous qualitative and quantitative methods, survey design and instrument development, and advanced data collection and analysis techniques. The course emphasizes common problems with evaluation design and analysis, and how to avoid them. It will also focus on the intersection between evidence and funding decisions, including project accountability and pay-for-results financing. The material is accessible to both experienced analysts and non-technical project managers and policymakers.

In this course you will learn how to: 

  • Set up “right-fit” monitoring, evaluation & learning frameworks
  • Use project monitoring to track and manage performance
  • Design evaluations using RCTs and other experimental & quasi-experimental methods to assess impact 
  • Combine rigorous qualitative and quantitative methods
  • Develop surveys and assessment instruments
  • Use advanced data collection and analysis techniques
  • Identify learning opportunities to improve future impact
  • Consider impact performance systems for organizations
  • Use evidence to identify efficient indicators for innovative finance

    Register for Evaluating Impact

    Impact Analysis Capstone

    The CPIA Impact Analysis Capstone course is an exciting opportunity for participants to work closely with faculty and to apply the lessons from the previous courses.  The faculty will work closely with students to explore issues involving cost-benefit analysis, feasibility analysis, right-fit evaluation design, and the structuring of innovative financing agreements. The course involves one week of intensive learning, included guided discussions, case study analyses, and collaboration on a capstone project.

    • Theory of change and social justification
    • Cost-benefit and cost-effectiveness analysis models
    • Recommendations regarding the use of innovative finance
    • Monitoring, evaluation, and learning plans
    • Communications platforms and institutional strategies

      Register for Impact Analysis Capstone

      Delivery Method 

      The courses include a balance of pre-recorded lectures, reading material, frequent live discussions with course participants, asynchronous interactions with teaching assistants and recap questions after each module. 

      Tailor Your Experience with the Impact Analysis Capstone Course

      We are committing to ensuring that you get the most out of your CPIA experience. If two or more individuals from your organization attend the Impact Analysis Capstone course, you have the option of working on one of your organization’s projects for some of the course time. This provides you with an opportunity to apply new skills to your existing work and to receive high quality feedback from our faculty members. Many institutions take advantage of this feature to build capacity and access external expertise, all without slowing down the on-going projects. For more information, or to find out if your project is suitable please email us at