A powerful technique for selecting cost-effective community resilience projects is now online from the National Institute of Standards and Technology (NIST). The EDGe$ Tool is an online platform-independent app designed to support those engaged in community-level resilience planning, including community planners and resilience officers, as well as economic development, budget, and public works officials.
EDGe$ provides a standard economic methodology for evaluating investment decisions required to improve the ability of communities to adapt to, withstand, and quickly recover from natural, technology, and human-caused disruptive events. The tool helps the user to identify and compare the relevant present and future resilience costs and benefits associated with new capital investment versus maintaining a community’s status-quo. Benefits include cost savings and damage loss avoidance because enhancing resilience on a community scale creates value, including co-benefits, even if a hazard event does not strike.
EDGe$ is based on the process found in NIST’s Community Resilience Economic Decision Guide for Buildings and Infrastructure Systems (EDG). The EDG and EDGe$ can be used as standalone tools, but are designed as part of a more comprehensive planning process and in combination with the NIST Community Resilience Planning Guide for Buildings and Infrastructure Systems.
Highlights of the EDGe$ Tool, Version 1.0:
Easy-to-use, online platform-independent app that assists decision makers in making resilience planning choices
Automates calculations in the Economic Decision Guide’s seven-step process
Helps to frame the economic decision process by identifying and comparing resilience-related benefits and costs of competing alternatives and the status quo (do-no ..
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