Project Date: 31 December 2011
Project Status: Complete
Research Organisation: Institute for Sustainable Futures, University of Technology Sydney
Project Number: 8TR5 - 003
The Options Assessment Framework was developed to assist the Melbourne metropolitan water industry in planning for the future in the context of uncertainties such as climate, population growth, economic activity and unexpected shocks.
The challenge of ensuring water security has become increasingly significant. Water service providers are seeking 'diversified portfolios' and 'flexible strategies' as a means of providing improved security and resilience at reduced costs. The emergence of this new way of thinking represents a challenge to existing conceptual and analytical models underlying resource planning decisions.
The Options Assessment Framework seeks to address this challenge in a practical manner. In broad terms, this framework draws together three key streams of thinking:
This project was a key input into the development of a 50 year strategy for Melbourne's water resources based on the principles of Integrated Water Cycle Management. It demonstrated the value of considering a wide range of uncertainties when planning for the future.
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