01What are the Five Dimensions of Impact?
The Five Dimensions of Impact are a shared framework for assessing any impact claim across five questions — What, Who, How Much, Contribution, and Risk. Developed through the Impact Management Project, they cover which outcome occurred and how much it matters, who experienced it and how underserved they are, the scale, depth, and duration of change, whether the enterprise caused it, and what could undermine it.
02What is the Impact Management Project (IMP), and is it still active?
The IMP was a time-bound consensus effort (2016–2021) that brought more than 2,000 organizations together to agree on shared impact norms. It concluded as planned; stewardship of the Five Dimensions passed to Impact Frontiers, which maintains the canonical norms today. The framework remains the most widely referenced standard in impact investing and impact measurement.
03How do you score the Five Dimensions in practice?
Each dimension is scored against fund-specific anchors — typically a 0–3 or 1–4 rubric — with every score citing the evidence behind it. A What score cites the confirmed Theory of Change outcome; a Contribution score cites the stakeholder attribution or comparison evidence. Scores assigned at due diligence become baselines that quarterly monitoring updates, so the LP report assembles from cited evidence rather than opinion.
04How do the Five Dimensions relate to IRIS+ and SROI?
They answer different questions and run on the same data dictionary. The Five Dimensions are a question structure; IRIS+ is a catalog of standardized metrics that can evidence How Much; SROI is a valuation method that monetizes outcomes. A fund that defines its fields once can score the dimensions, report IRIS+-aligned metrics, and feed an SROI calculation from the same records.
05What is a data dictionary in impact measurement?
A data dictionary is the field-by-field definition of what counts as evidence — each field with a definition, a unit, a dimension binding, and an evidence requirement. It is the artifact that turns any framework into something operable. Sopact drafts it automatically by reading qualitative material (memos, interviews, narratives) and quantitative material (KPIs, financials, survey scales) bound to one persistent ID, then the team reviews and locks the schema.
06Can the framework run at portfolio level?
Only if the same Theory of Change structure, data dictionary, and rubric run consistently at outcome, enterprise, and portfolio level. Most funds can apply the dimensions to a single outcome; few can normalize across an enterprise; almost none across a portfolio. When outcome-level scoring is inconsistent across investees, the portfolio view is an aggregation of noise — usually discovered when an LP asks for a cross-portfolio comparison.
07How do foundations use the Five Dimensions for impact investing and venture philanthropy?
As the scoring spine of the investee lifecycle: diligence, quarterly monitoring, and LP reporting on one record. At investment, the impact thesis is scored against the dimensions and the foundation's own rubric. Each quarter, investee submissions are scored against the same framework. Because every investee runs on the shared dictionary, the portfolio rolls up into an evidenced report for LPs, boards, and co-investment alliances.
08Why can't traditional grant management software produce LP-grade impact reports?
Because it was built to track transactions — applications, awards, disbursements — not evidence. There is no persistent investee record joining diligence to monitoring, narrative reports sit unread as attachments, and frameworks live in spreadsheets beside the system. Adding a chat assistant on top does not help: an agent needs a structured, scored record to read from, and the record was never kept.
09What is the Taxonomy Trap?
Using the Five Dimensions as section headers instead of scoring architecture. In the trap, the dimensions organize the LP report — narrative paragraphs under each heading, no evidence behind Contribution, the same Risk sentence as last year. Operated properly, each dimension carries a score citing specific evidence, and the report assembles itself from those scores.
10Does the Five Dimensions framework apply to nonprofits and accelerators?
Yes — the three pillars are identical; only the unit of analysis changes. A nonprofit scores program outcomes instead of investees: a workforce training program binds intake demographics, skill assessments, and participant interviews to one ID and scores the same five questions. Accelerators apply it across cohorts the way funds apply it across portfolios.