The value of assets at risk of flooding & the cost of reinstatement
Due to consequences such as debris removal and contamination the exposure can at some points of the project, exceed the ‘built’ value.
Exposed Value
The length of time required to recover and rebuild the damage from the flood event
Critical long lead items can have a relatively small ‘exposed value’ but a large impact on the rebuild time and delay in startup.
Rebuild Time
The susceptibility of the project to flood damage
This will be influenced by the stage of construction, type of construction being used, protection measures in place including diversions and containment.
Susceptibility
Severity of the flood event
The speed of water spread throughout the project, the depth of water, and duration of the flood waters within
the project.
Severity
Source:
Gallagher