The year 2013 will be busy with project evaluation. In California, the Bay Delta Conservation Program (“BDCP”) will roll out an economic cost/benefit study. In Texas, the Legislature will engage in its biennial exercise of trying to fund the Texas Water Plan. Any state funding plan must evaluate projects. Local agencies and the private sector throughout the west are developing and accessing their next water investments.
In my more than three decades of experience, I have seen many project evaluations. Many miss the mark. Starting with this post and continuing every Friday through February 8th, I share my views on issues that are sometimes handled properly, but often not or incompletely. Continue reading