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Please use this identifier to cite or link to this item: http://www.lsln.net.au/jspui/handle/1/15393
Type: report
Title: Ranking environmental projects
Authors: Pannell, D.J.
Organisation: School of Agricultural and Resource Economics, University of Western Australia
Year: 2015
Abstract: Environmental agencies and utilities wishing to support environmental projects face the challenge of deciding which of the many possible projects they should support with their limited resources. Projects vary greatly in their benefits and costs, so selecting the best projects can make a major difference to the level of benefits that can be generated for a given budget. Key principles for ranking projects are presented and explained. Suitable formulas to use as a metrics for ranking projects are developed and explained. The formulas account for valuation of benefits, the effectiveness of management, time lags, behaviour change, various risks and various costs. The formulas are designed to strike a balance between theoretical rigour and reasonable simplifications. A number of common mistakes to avoid are outlined. Sample templates for project proposals and spreadsheets for ranking projects are provided, to make it easy to put the principles into practice.
Place: Crawley, Western Australia, Australia
Zotero ID: 3EUCM9E2
URL: http://www.lsln.net.au/jspui/handle/1/15393
Other Identifiers: Report number:Working Paper 1506
Geo Location: none
Appears in Collections:Natural Resources Adelaide and Mt Lofty Ranges

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