Investing in resilience is not only a safety imperative, but also an economic opportunity. This session will explore how lifecycle cost-benefit approaches can capture the full value of investments in resilience, including reduced service disruptions, faster recovery times, and long-term fiscal savings. It will also look at how to update appraisal methodologies to consider evolving threats and operational risks, and how to make a stronger economic case for resilience in areas serving critical industries or rural and remote populations.
• How can lifecycle assessments and risk-adjusted economic models support smarter investment decisions?
• What changes are needed in cost-benefit analysis to avoid underestimating resilience?
• How can governments justify resilience investments in constrained fiscal environments?
See the ITF's latest report "Guidance for Incorporating Resilience in Cost-Benefit Analyses"
Guidance for Incorporating Resilience in Cost-Benefit Analyses
