Maddaus Water Management Inc.
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Tuesday, October 2 (1:00 pm - 5:00 pm)
(WS-1812) Benefit - Cost Analysis
A half day workshop will be held to educate participants with how to conduct a cost-benefit analysis of water conservation measures. This workshop has been given successfully at the International Water Demand Management Conference held in Jordan in June 2004 and International Water Association Efficient 2005 Conference in Santiago, Chile, AWWA Water Sources Conference 2006 in Albuquerque, AWWA Water Sources Conference 2008 in Reno, Nevada, AWWA Sustainable Water Management Conference 2010 in Albuquerque New Mexico and .the Water Smart Innovations Conference 2012 in Las Vegas
Benefit-Cost analysis has been used for years to prioritize water conservation measures. Individual water conservation measures are considered to be cost-effective when benefits exceed costs. Once individual measures have been found to be cost-effective, they can be combined into an overall water conservation program. Benefit-Cost analysis depends on accurate forecasts of conservation measure water savings, costs, and benefits. Benefits and costs are normally compared in a present worth analysis.
(a) Workshop Objective
Provide an understanding of how to prepare a cost-benefit analysis of conservation measures and then use the results to select a cost-effective conservation program.