Why is goal setting for Water Funds important?
Goal-setting serves as an important mechanism facilitating a shared vision between stakeholders, as well as for achieving observable and measurable results within specific time-frames. They help stakeholders of a Water Fund to clearly understand the direction they are going and how they might make meaningful contributions.
Without clear goals and objectives, Water Funds cannot determine what they are trying to achieve or whether they have been successful in achieving it. Monitoring is critical for assessing progress towards goals,identifying obstacles, adapting the approach, and highlighting successes
Goals should be meaningful, clear, and measurable.
What types of goals might a Water Fund set?
Listen to Jonathan Higgins from TNC describe typical goals set by Water Funds
Common goals for Water Funds:
Goals for Water SecurityWater Security Goals define the current issues for water security and the goals for future desired status, in the long–term. It typically makes sense to have a range of long-term goal horizons, with more aspirational or difficult to achieve goals further out.
Goals for Ecosystem Services and Function GoalsEcosystem Services and Function Goals define long-term and short-term goals for maintenance or restoration of the freshwater ecosystems serving as water supply sources in order to achieve the goals for water security defined above. This will require evaluating relationships between ecosystem benefits, services, and functions.
Goals for BiodiversityBiodiversity Goals define long –term and short-term goals for biodiversity in order to ensure that actions in water funds are achieving benefits for both people and nature. These goals should influence the types and spatial arrangement of actions, and not just be byproducts of them as planned for addressing water security. Goals can include protection and/or restoration of habitats, but not as implementation goals per se, which should be generated after priority actions and spatial arrangements are defined.
Goals for Co-BenefitsGoals for Co-Benefits define goals for additional services and benefits such as carbon sequestration, flood risk reduction, local community benefits, etc. as desired to meet established local and national goals, and/or contribute to international commitments (such as Sustainable Development Goals).
LEARN MORE ABOUT GOAL-SETTING
What is the difference between a goal and an objective?
Goal example: Water Fund might set a water security goal of “5% reduction in water supply disruptions by 2022” in the short-term and “no water supply disruptions over a period of at least 3 years by 2040” in the long-term.
Objective example: a Water Fund might set an objective to “restore and/or protect 500 hectares of priority riparian habitat in the Big River Watershed by the end of 2017”