The end result of a Benefit-Cost Analysis is a Benefit Cost Ratio, which is calculated by dividing a mitigation project’s benefits by its costs.
OMB Circular No. A-94 Revised:
The terms Project Useful Life and project effectiveness mean the same thing.
The method by which the future benefits of a mitigation project are calculated and compared to the project costs is called:
The Benefit-Cost Analysis website provides program guidelines, methodologies, and software modules for conducting a benefit-cost analysis for projects that mitigate risk from a range of natural hazards.
The rate of flow for each flood event, which increases as the flood event gets larger, is called:
The Benefit-Cost Ratio is a numerical expression of the cost-effectiveness of a mitigation project. A project is considered to be cost-effective only if:
Losses that can be avoided as a result of completing a mitigation project include all of the following except:
FEMA has provided resources such as websites and training courses to provide the skills and knowledge needed to conduct a Benefit-Cost Analysis or review a completed Benefit-Cost Analysis.
The Base Flood Elevation is the height of the floodwater at the project site if the:
Project Useful Life is the estimated amount of time (in years) that the mitigation project would be effective.
EMI provides both classroom and independent study courses on how to use the Benefit-Cost Analysis Tool.
Which office or department requires FEMA hazard mitigation projects to be cost-effective?
The 100-year flood is a flood that has a ___ percent chance of occurring in any given year.
Flood elevation is the level to which the water rises during a flood event.
Which key Benefit-Cost Analysis term is often referred to as the “time value of money”?
A community’s Flood Insurance Study is a reliable source for flood elevation data.
The Streambed Elevation:
The Base Flood Elevation for a structure is the same as the 100-year flood elevation for that structure.
Each combination of Project Useful Life and discount rate has a fixed Present Value Coefficient.
In general, the First Floor Elevation is at the lowest floor of a structure.