outcome that was obtained by spending money. Currently, fema allows the use of the gstf methodology for any HMA program for Severe Repetitive Loss (SRL) properties. Tags: air travel, cost-benefit analysis, DHS, economics of security, homeland security, national security policy, physical security, terrorism, TSA, posted on July 21, 2008 at 5:53 AM 25 Comments, photo of Bruce Schneier by Per Ervland. Links to those hazard data sets are provided below and are required when performing analysis for hurricane wind retrofit projects or seismic retrofit projects. It is imperative to conduct a BCA early in the project development process to ensure the likelihood of meeting the cost-effectiveness eligibility requirement. A cost benefit analysis can be used by an individual, corporation, government, or anyone for that matter, and its most common use is in financial decision making. (EST) Monday through Friday. . This effort has come at considerable cost, running in excess of US6 billion per year for the United States Transportation Security Administration (TSA) alone. A project is considered to be cost effective when the BCR.0 or greater, indicating the benefits of a prospective hazard mitigation project are sufficient to justify the costs. Creation of the Aquifer Storage and Recovery module for drought mitigation. If Version.1 is still in use, the projects should be exported from that version of the tool and imported into Version.3. The non-fema methodology must be approved by fema in writing prior to submission of the project application to fema. This version release includes updated Hurricane Hazard and Earthquake Hazard datasets. . Benefit-Cost Analysis Methodology, applicants and subapplicants must use fema-approved methodologies and tools to demonstrate the cost-effectiveness of their projects. .