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Asset risk tool

To improve understanding of the impact of extreme heat on assets, the project has leveraged CReDo’s expert elicitation methodology and probabilistic asset modelling to produce the CReDo Asset Risk Tool.

The Tool enables users to investigate the potential effects of different weather events on water assets. It will show the probable impact of a selection of maximum forecasted temperatures (i.e. 30-35 °C, 35-40 °C and 40-45 °C) for a selected duration of time (1, 3, 7 and 14 days in a row) on a user-defined collection of assets.

Once the user selects the weather scenario for analysis, the CReDo Asset Risk Tool will provide an estimation (as % chance) of:

  • Site impact, or the likelihood that the site will fail due to a component(s) fault​

  • Climate scenario, or the likelihood of a weather event within a climate scenario occurring in the site’s location​

  • Climate and impact, or the combined likelihood of both the weather event within a climate scenario occurring and the site experiencing a potential impact

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