The fourth and final stage is the assessment of overall project risk. In this stage, users integrate their assessments of potential impact and adaptive capacity to arrive at a rating for risk to the project’s outcome / service delivery.
This stage is organized both by subsector and by hazard, for several reasons. First, each sub-sector is subject to different hazards and potential impacts, so having separate risk ratings enables similar differentiation. For example, drought presents a greater risk to hydropower production than to transmission and distribution systems.
The risk ratings are done separately for Historical/Current and Future time frames to account for possible changes in potential impact over time.
The rating scale for project risk is:
|Insufficient Understanding||No Risk||Low Risk||Moderate Risk||High Risk|
The results of each step and the overall results are summarized in tables and presented as a final PDF report for the user.
Reminder: It is important to recognize that the results of this screening are not sufficient to serve as the basis for decisions regarding detailed project design. Rather, the results flag potential impacts and risks from climate and geophysical hazards that may need closer attention during project preparation through further studies, consultation, and dialogue.