New NIST community resilience guide explains how to evaluate investments
- Published: Wednesday, 06 January 2016 09:01
Communities weighing choices for capital improvement projects intended to improve their resilience to severe weather, wildfires, earthquakes, or other types of hazards now have a new guide to help them sort through the costs and benefits of each when deciding which investment is best for their particular circumstances.
Prepared by US National Institute of Standards and Technology (NIST) economists, the ‘Community Resilience Economic Decision Guide for Buildings and Infrastructure Systems’ details steps for evaluating the economic ramifications of contemplated resilience investments as well as the option of maintaining the status quo.
NIST's Community Resilience Planning Guide for Buildings and Infrastructure Systems lays out a six-step process to help communities improve their resilience by setting priorities and allocating resources to manage risks for their prevailing hazards. The new economic guide focuses on step four, plan development.To download the Community Resilience Economic Decision Guide for Buildings and Infrastructure Systems, go to: http://dx.doi.org/10.6028/NIST.SP.1197