"ICT4D projects are known for having social, economic, and environmental impacts that are difficult to capture. Investments in digital infrastructure and innovation often have high up-front costs with largely medium-to-long-term benefits, not quick, short-term outcomes desired by policy makers. The new DIAL Valuing ICT4D Project Impact Toolkit is a practical guide to identifying appropriate valuing impact methodologies to forecast the benefits of planned ICT investments. The toolkit can also be used to evaluate existing digital development activities in low-income countries. It presents five valuation methodologies for ICT4D projects: Cost Effectiveness Analysis, Cost Benefit Analysis, and Social Return on Investment explore the relationship from investment costs through to impact; Multi-Criteria Analysis explores the relationships from activities through to outcomes; Econometrics explores the relationship from activities through to impact. The methodologies considered vary in their application, but they largely explore the relationship between investment costs, related activities and outputs, and the desired change in outcome or impact. Implementing these methodologies can be complex and resource intensive depending on the scope and level of detail desired." (Ictworks.org)