A new publication released by the CRC for Water Sensitive Cities offers an easy-to-use guide to the best mathematical approaches for ranking potential water sensitive projects.
Professor David Pannell from the University of Western Australia has developed the report Ranking projects for water-sensitive cities: a practical guide as part of his research for Valuation of economic, social and ecological costs and benefits (Project A1.2).
The report provides formulas to evaluate for valuation of benefits, the effectiveness of management, time lags, behaviour change, various risks and various costs. Sample templates for project proposals and spreadsheets for ranking projects are provided, to make it easy to put the principles into practice.
(Adapted from CRC for Water Sensitive Cities)