The primary assignment for this module is for you to provide a preliminary benefit-cost analysis report in support of a FEMA hazard mitigation grant proposal. The report you will write should cover these topics: it should provide a short explanation of what CBA is and how it is relevant to writing a grant proposal such as this one. You should outline the basic logic of estimating costs and benefits, provide your own assessment of the merits of the cost and benefit measures that have been included in the summary outlined below (including whether you think items have been missed, or questions you might have about the efficacy of measuring benefits items such as recreational/aesthetic benefits), explain how to interpret the benefit-cost ratio and the NPV criterion result, and provide an explanation of a recommended course of action (i.e. whether the green space project as a flood mitigation tool) can be justified in a funding request.
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