Risk in Water Resources Management

Water resources management has to deal with incomplete knowledge of the current dynamics and the future evolution of water resource systems. Risk is a concept that helps in making management decisions under incomplete and/or incorrect knowledge by relating water-related hazards and their consequences. Risks related to floods and droughts, to the environment and to health, as well as economic and financial risk, are encompassed by water resources management. Obviously, it is not possible to completely eliminate uncertainty, but better understanding of the sources and magnitude of the uncertainties involved in a particular project will clearly lead to improved decisions: this volume aims towards that end.

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