L0276 Benefit-Cost Analysis: Entry-Level
Alabama EMA Media Room – Clanton, Alabama
Course Description:
This course is designed as an introduction to the fundamental concepts of benefit-cost (BC) analysis. Participants will learn how to obtain BC data and conduct analyses using the latest version of the Benefit Cost Toolkit. This course will not teach how to conduct level-two BC analyses.
Selection Criteria:
The primary audience for this course is Federal, state, local, and tribal hazard mitigation staff; applicants/grantees; subapplicants/subgrantees; and personnel who are involved in the grant application development process and provide technical assistance.
Course Objectives:
At the end of this course, participants will be able to:
- Demonstrate their knowledge of the basic Benefit-Cost Analysis (BCA) theory.
- Demonstrate their knowledge of the basic flood concepts.
- Describe features of the BCA Tool.
- Complete a BCA using the Flood Module.
- Explain each screen and important data fields in the Flood Module.
- Complete the independent case study assignment.
- Use supplemental tools and techniques in the BCA Tool in response to different scenarios, which include: multiple structures, displacement costs calculation, loss of function calculation, benefit-cost ratio just below 1.0, types of basements.
- Explain key Damage-Frequency Assessments (DFA) concepts.
- Identify eligible hazards.
- Explain the DFA Module data and documentation requirements.
- Complete a DFA Module BCA.
- Explain Tornado Safe Room, Hurricane Wind, Hurricane Safe Room, Wildfire, and Earthquake Module data and documentation requirements.
- Complete a Tornado Safe Room, Hurricane Wind, Hurricane Safe Room, Wildfire, and Earthquake Module BCA.
Prerequisite(s):
IS-276.a BCA: Entry-Level
Students will need to complete a FEMA 119-25-2 General Application Short Form and supply a copy of their certificate from the Independent Study Course at the beginning of the course to receive credit.