Project Cycle Overview

The stepwise process for developing a Water Fund

The stepwise process for developing a Water Fund

The exact process for designing a Water Fund may vary depending on local enabling conditions, capacity, and context (image: Pepacton Reservoir, NY © Josh Marinelli)

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TNC & Partners have standardized the Water Fund development process around 5-phased cycle: Feasibility, Design, Creation, Operation, and Maturity.

  1. Feasibility

    The Feasibility Phase includes two 'checks' to test if a Water Fund is the right water security tool. First, a test of 'eligibility' is completed by quickly determining if there are water security challenges and a potential for a Water Fund to help. If yes, feasibility is then explored further by developing a deeper understanding of the situation and generally how a Water Fund could positively contribute to water security within the defined area.

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  2. Design

    The Design Phase is undertaken to design a Water Fund which serves as a regional collective action platform where stakeholders from all sectors convene, coordinate and collaborate to help improve water security through science-based systemic change.

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  3. Creation

    The Creation Phase is undertaken to formalize and publicly launch the water fund.

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  4. Operation

    The Operation Phase is undertaken to establish stability by developing and implementing a comprehensive work plan, which guides systematic execution of activities, measurement and evaluation, and communication of progress towards the goals of the water fund. These activities should be continuously improved through adaptive management, refinements, and innovation.

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  5. Maturity

    The Maturity Phase is a determination that assures the long-term viability of the water fund to create significant and lasting impact that positively contributes to water security.

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COMPONENTS

While each water fund will vary based on local conditions and context, all water funds share 5 common characteristics. Click on each component to learn more!