The one criterion that must be part of the evaluation and prioritization process is benefit-cost review. The planning team must consider the benefits that would result from a mitigation action versus the cost. This does not mean a full benefit-cost analysis, such as the FEMA Benefit-Cost Analysis (BCA) , but a planning-level assessment of whether the costs are reasonable compared to the probable benefits. Cost estimates do not have to be exact but can be based on experience and judgment. Benefits include losses avoided, such as the number and value of structures and infrastructure protected by the action and the population protected from injury and loss of life. Qualitative benefits, such as quality of life and natural and beneficial functions of ecosystems can also be included in the review.
Note: An in-depth Benefit-Cost Analysis using FEMA’s BCA module criteria is not required for the plan, but is required for Hazard Mitigation Assistance (HMA) grant funding.
The planning team needs to agree upon the other criteria that will be used to analyze the mitigation actions. There is a mitigation action evaluation and prioritization worksheet from the Tribal Mitigation Planning Handbook, but your Tribe can use whatever methodology you would like.