The adoption of water sensitive systems and practices can provide tangible benefits that are easily quantifiable, such as additional water supply, and intangible benefits that are difficult to quantify, such as amenity value. As a result, intangible benefits are often ignored in the formal investment decision framework. The CRC for Water Sensitive Cities’ (CRCWSC) Integrated Research Project 2 (IRP2) aims to identify and quantify these intangible benefits, and produce accepted and well-aligned tools that can be used to inform decision making at multiple levels in public and private sector organisations.