Economic sustainability is a key component of the triple bottom line—ensuring that projects meet the needs of the environment, community and economy today and into the future. Our Decision Economics group has the expertise to develop, test and utilize a variety of economic and environmental models for every conceivable form of a sustainable design project. These models are developed using state-of-the-art research findings and algorithms, typically with assistance from experts from academic institutions and research centers. They are generally developed using our proprietary risk analysis framework known as the Risk Analysis Process (RAP).
Most decisions require the forecasting of future costs and benefits, which are subject to uncertainty. RAP forecasts use the best probabilistic methods available to calculate the most likely future outcomes and facilitate consensus among stakeholders.
We have also created a specialized process called Sustainable Return on Investment (SROI) that determines the full value of a project by assigning monetary values to all costs and benefits—economic, social and environmental. The key to our SROI approach lies in integrating economic and financial analysis into the heart of the decision process. Applying SROI at the front end typically leads to refinements in project design or procurement standards. When employed in this manner, SROI ensures an optimal configuration of sustainable design projects, resulting in improved returns on investment with minimized technical and financial risk.
- Cost-Benefit Analysis (CBA)
- Life-Cycle Cost Analysis (LCCA)
- Cost-Risk Analysis (CRA) (this is a major DE service and would be very complimentary to SROI)
- Economic Impact Assessment
- Applied Statistics