Cost benefit analysis of DRR investments - Komal Kantariya

"Systematic Cost-Benefit Analysis (CBA) of investments in DRR and preparedness to strengthen practice as integral part of development." - Komal Kantariya, UNDP, Shimla, India

I take this opportunity to highlight the need for a systematic Cost-Benefit Analysis (CBA) of investments in DRR and preparedness. Many investments have gone in to various DRR programme and a diverse set of agencies are associated with these. CBA offers opportunities to better understand the factors that contribute to risk reduction and identify the emerging needs of various stakeholders.This will also help improve DRR planning and investments in various sectors, including mainstreaming efforts. More importantly, this will help strengthen an institutional perception of and practice on DRR as an integral part of development planning rather than a standalone sector or departmental priority.