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These strategies will be evaluated by examining the opportunities, challenges, and trade-off s <br />associated with each strategy or combination of strategies and by examining "what-if" scenarios. <br />The steps f or evaluating water supply strategies are illustrated in the following f figure. <br />Demand and Supply Side Strategies <br />Execute technical work f or each strategy <br />Examine abilityto meet Colorado's <br />consumptive and nonconsumptive needs <br />Examine risks <br />Examine potential impacts of climate change <br />Incorporateanalysisfrompreviousand <br />ongoing studies <br />Examine "What If" <br />Scenarios <br />Examine "tradeoffs" <br />betweenstrategies <br />Identify multipurpose <br />projects or ways to integrate <br />consumptive and <br />nonconsumptive needs <br />VUe began this evaluation at the August IBCC meeting by f ocusing on three key water supply <br />strategies: <br />¦ MCI Conservation <br />¦ Agricultural Water Transfers <br />¦ Compact Development and Transbasin Diversions <br />Octo ber Meeting <br />Discussion on how the visions, goals, and strategies will be used to develop <br />Colorado's water supply future. <br />8