2008 NEWS
What impact would a hurricane or flood or other major unexpected event have on your Capital Improvement Plan?
Resilient organizations have been defined as those that "return to their normal performance level following a high-impact/low probability disruption" like a natural disaster. They are "organizations that prosper while those that treat preparedness as an afterthought wither on the vine." Achievement of resilience requires a thoughtful investment of capital funds to achieve the 4 R's or resilience.
- Robustness - the ability of systems, system elements, and other units of analysis to withstand disaster forces without significant degradation or loss of performance;
- Redundancy - the extent to which systems, system elements, or other units are substitutable, that is, capable of satisfying functional requirements, if significant degradation or loss of functionality occurs;
- Resourcefulness - the ability to diagnose and prioritize problems and to initiate solutions by identifying and mobilizing material, monetary, informational, technological, and human resources; and
- Rapidity - the capacity to restore functionality in a timely way, containing losses and avoiding disruptions.
What would it take to make "resilience" part of your evaluation criterion for your Capital Improvement Plan?
CIPPlanner is pleased to bring you a pair of articles from the GFOA on this emerging dimension of Capital Program Management. As you read them please consider our opening question and think about what it would take to add this additional evaluation dimension to both your capital project impact analysis and ranking criterion.
CLICK here for access to the articles
If the answer is no problem, we applaud you.
If your answer is "well I don't think we could do that any time soon” Please give us a call. Our Scoping and Ranking modules are designed to quickly respond to new dimensions of ranking and evaluation using either predetermined criterion like the 4Rs or tailored criterion based on your jurisdictions unique requirements.
Please contact Warren Briggs @ 919-761-9833 for more information.
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