On the Project Settings page you will be able to name, describe and select the parameters of your project.
Add your project name (if you don’t, on trying to save the project you will be presented with an error message asking you to do so). The description is optional but is helpful in differentiating otherwise similar projects.
The next step is to select the Hazards for analysis. You can choose a number of hazards. Those not selected are excluded from the analysis (some hazards may be unavailable while being tested).
First, decide which year will be your final year of analysis. You can decrease the end year to target specific problems. Next, you can change the number of Monte Carlo resampling runs to perform – that is, how many times the analysis will be run.
Change the Financial Controls to set the summary interval (that is, the time step in years to be used for display of results) and the discount rate, which is the rate of return used in discounted cash flow analysis to determine present value of future cash flows. This is used to calculate Net Present Value (NPV), which gives an indication in the change in value compared to current values.
Hazards Controls enable you to use choose a climate change scenario for each hazard, e.g. CSIRO low for bushfire
Click on the button at the bottom of the Project Settings page to expand these selections, and to adjust settings such as average household water consumption, supply failure costs, and material vulnerability changes over an asset’s lifespan.
After making all of your selections, click on the button at the top of the page. This will save your project and allow you to load it in the Project Library. Clicking on Save Project will take you to the Asset Selection page.