Much can be learned from the numerous water recycling schemes currently in operation in Australia, especially with respect to making investment decisions based on uncertain assumptions. This paper illustrates through a number of case studies, that by considering the contextual and project related risks, a range of business related risks become apparent. Shifts in the contextual landscape and the various players’ objectives can occur over the life of a project, often leading to unforeseen risk and uncertainty. Through a thorough consideration of the potential risks presented in this paper, proponents as well as owners and managers might make better recycled water investment decisions, enhancing the benefits and minimizing the costs of water recycling schemes. This paper presents an overview and discussion of seven key factors to consider when planning a recycling scheme.
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Research Article|
March 01 2016
Recycled water – lessons from Australia on dealing with risk and uncertainty
A. Turner;
A. Turner
*
1Institute for Sustainable Futures, University of Technology Sydney, Sydney, NSW, USA
*Corresponding author. E-mail: [email protected]
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P. Mukheibir;
P. Mukheibir
1Institute for Sustainable Futures, University of Technology Sydney, Sydney, NSW, USA
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C. Mitchell;
C. Mitchell
1Institute for Sustainable Futures, University of Technology Sydney, Sydney, NSW, USA
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J. Chong;
J. Chong
1Institute for Sustainable Futures, University of Technology Sydney, Sydney, NSW, USA
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M. Retamal;
M. Retamal
1Institute for Sustainable Futures, University of Technology Sydney, Sydney, NSW, USA
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J. Murta;
J. Murta
1Institute for Sustainable Futures, University of Technology Sydney, Sydney, NSW, USA
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N. Carrard;
N. Carrard
1Institute for Sustainable Futures, University of Technology Sydney, Sydney, NSW, USA
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C. Delaney
C. Delaney
1Institute for Sustainable Futures, University of Technology Sydney, Sydney, NSW, USA
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Water Practice and Technology (2016) 11 (1): 127–138.
Citation
A. Turner, P. Mukheibir, C. Mitchell, J. Chong, M. Retamal, J. Murta, N. Carrard, C. Delaney; Recycled water – lessons from Australia on dealing with risk and uncertainty. Water Practice and Technology 1 March 2016; 11 (1): 127–138. doi: https://doi.org/10.2166/wpt.2016.015
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