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2021-01-18 GC - Item 3 - Attachment 2 - Phase 7 Project Summary Coastal Hazards Adaptation Plan
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Log in to see the plans as drawnNoosa Shire Council Coastal Hazard Adaptation Plan: Project Summary 15
Methodology
CBA is the most common form of economic evaluation used to inform the merit of a proposed
investment, whether for public or private projects. It incorporates the value that people place on all
financial, social and environmental outcomes. The analysis undertaken for this project followed the
approach set out in the Queensland Governments Project Assessment Framework (PAF)
(Queensland Treasury, 2015).
The key decision-metric output of CBA is the Net Present Value (NPV), which measures the present
value of net benefits. It is calculated as the present value of all benefits minus the present value of
all capital and recurrent costs within the appraisal period for the project. Figure 2-2 shows the
conceptual model used for the open beaches and Figure 2-3 shows the Noosaville Model.
Figure 2-2 Conceptual CBA Model for open beaches
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