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Investing in Resilient Infrastructure in the Gulf of Mexico Proceedings of a Workshop (2022) / Chapter Skim
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Appendix C: Prioritization Framework: Research and Rationale
Pages 77-82

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From page 77...
... First, workshop designers surveyed general approaches to, and mechanisms that support, making investment decisions specifically in the public policy space. This literature review included previous National Academies of Sciences, Engineering, and Medicine studies and a number of formalized frameworks for resilient infrastructure decision-making published by other institutions over the past decade (see Box C-1)
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From page 78...
... Given the mission of the National Academies and the Gulf Research Program (GRP) , and the focus of this effort being infrastructure resilience during disasters, three options for supporting project prioritization emerged as most viable -- Scenario-based Systems Analysis Construct, Modular Table-Top Game for Local Engagement, and Risk-based Portfolio Management Approach.
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From page 79...
... ELICITING STAKEHOLDER INPUTS Considering existing frameworks for portfolio management in a public policy and infrastructure context and then adapting them to support the prioritization of projects likely to increase infrastructure resilience in the Gulf region, workshop designers proposed a six-step process for a useful framework (see Figure C-1)
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From page 80...
... Workshop facilitators reviewed this information to help drive discussion when ideas were not organically volunteered from workshop participants and for comparison purposes after initial brainstorming. The approximately six subcriteria per macro-criterion that were common across all or most domains in the final set of master criteria developed during this workshop were also largely identified in this initial research.
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From page 81...
... Another next step would be to further explore if these criteria are useful at the project level, should be incorporated into portfolio-level considerations, or should be applied to both, and how. Step 4 Another useful action to build out the framework further is to focus on the particular requirements of the portfolio evaluation step and explore what criteria are most important to balancing a portfolio of infrastructure investments, as opposed to making funding decisions at the individual project level.
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Key Terms

  • management approach
  • workshop designers
  • literature review
  • infrastructure resilience
  • prioritization framework

  • portfolio evaluation
  • infrastructure project
  • resilient infrastructure
  • evaluation step
  • management agency

  • federal emergency
  • mexico region
  • project prioritization
  • investment decisions
  • key criteria

  • supporting project
  • useful framework
  • emergency management
  • resilience projects
  • project proposals

  • approach tends
  • infrastructure investment
  • traditional portfolio
  • portfolio analysis
  • investment management

  • initial research
  • key steps
  • approach lends
  • comparison purposes
  • technocratic analysis


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