Application of Risk Management and Uncertainty Concepts and Methods for Ecosystem Restoration: Principles and Best Practice
ENGINEER RESEARCH AND DEVELOPMENT CENTER VICKSBURG MS ENVIRONMENTAL LAB
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Ecosystem restoration projects are often characterized by uncertainties that should be assessed according to current guidance ER 1105-2-100 USACE 2000, but in many projects, these issues are not always explicitly addressed. Inability to quantify risk and uncertainty often results in overly-conservative restoration management alternatives, resulting in inefficient allocations of capital and potentially significant, consequential damages and losses. The purpose of this technical note is to present one approach to risk management. Other approaches focus on more qualitative techniques. As part of this discussion, several case studies are used to illustrate aspects of current practice within the USACE.