Strengthening local investment decisions: a review of skills and guidance in flood and coastal risk management benefit and cost assessment

Helping practitioners undertake meaningful early benefit and cost assessments in flood and coastal risk management investment programmes.

From:
Environment Agency and Flood and Coastal Erosion Risk Management Research and Development Programme
Published
9 April 2021
Last updated
19 October 2022 — See all updates
Category:
Policy, governance and funding
Topics:
Appraisal guidance, Decision making with uncertainty, Investment
Project status:
Completed
Project code:
FRS18201
Date of completion:
9 April 2021

Documents

A review of skills and guidance in flood and coastal risk management benefit cost assessment - summary (158KB) PDF

Adolygiad o sgiliau ac arweiniad wrth asesu cost a budd rheoli perygl llifogydd a risgiau arfordirol - Welsh summary (85KB) PDF

A review of skills and guidance in flood and coastal risk management benefit cost assessment - report (428KB) PDF

A review of skills and guidance in flood and coastal risk management benefit cost assessment - appendix A (1.2MB) PDF

A review of skills and guidance in flood and coastal risk management benefit cost assessment - appendix B (807KB) PDF

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Details

This project looked at how we could help practitioners undertake meaningful early benefit:cost assessments of proposed flood and coastal risk management investment programmes.

The project focused on improving awareness and skills of two existing benefit:cost assessment approaches in the Multi-Coloured Manual.

These approaches are:

  • Weighted Annual Average Damages (WAAD) estimation tool
  • simplified benefit:cost appraisal tool

These two tools provide simple assessments of the potential benefits of flood alleviation schemes.

We used surveys to find out who uses the approaches and tools, how, when and why they are doing so, and what we could do to make this easier. Step by step guidance was developed for the two Multi-Coloured Manual tools based on user feedback.

The guidance developed in the study will help Environment Agency and Risk Management Authority practitioners access and use the tools. This will help increase the number of viable schemes being brought forward into the Flood and Coastal Erosion Risk Management capital programme.

Further guidance can be found on the investment and partnership funding community of practice SharePoint. You can use this to:

  • get case studies and related guidance

  • access training

  • ask questions and share information with other FCERM project teams

Email FCRM_Investment@environment-agency.gov.uk to request access.

Published 9 April 2021
Last updated 19 October 2022 + show all updates

  1. Added links to a SharePoint site for the Investment and partnership funding community as a source of more training, guidance and support.

  2. Welsh research summary added to the documents section

  3. First published.

Contents