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Benefit-Cost Analysis (BCA) is a method that determines the future risk reduction benefits of a hazard mitigation project and compares those benefits to its costs. The result is a Benefit-Cost Ratio (BCR). A project is considered cost-effective when the BCR is 1.0 or greater.
8 maj 2024 · This guidance provides instructions for how to complete a cost-effectiveness narrative needed for FEMA to validate the cost-effectiveness for each HMA program and how to determine the number of people benefitting from a proposed mitigation project.
5 maj 2023 · Learn how to use the BCA Toolkit, an add-in for Excel, to conduct a benefit-cost analysis for FEMA grant projects. Find out the system requirements, installation instructions, and export options for Excel Online and Desktop.
24 kwi 2024 · FEMA Policy: Benefit-Cost Analysis Discount Rate and Streamlined Cost-Effectiveness for Hazard Mitigation Assistance and Public Assistance Programs. This policy memorandum officially adopts a 3.1% discount rate for a benefit-cost analysis required under FEMA’s HMA and PA programs.
Benefit-Cost Analysis is the method by which the future benefits of a hazard mitigation project are determined and compared to its costs. A Benefit-Cost Analysis is based on a comparison of the total eligible cost for the mitigation measure to the total value of expected benefits.
For FEMA mitigation grants, the immediate use of benefit-cost analysis is to determine whether a project has a benefit-cost ratio above 1.0 and thus meets FEMA’s eligibility criterion.
Benefit-Cost Analysis Development Resources. FEMA has Benefit-Cost Analysis software that provides appropriate Benefit-Cost Analysis methodologies. However, it is the Applicant or Recipient's responsibility to gather the necessary information and provide it to FEMA.
