Climate variability is one of many stresses faced by local communities. Climate change may further alter climate variability over time by increasing the frequency and intensity of extreme weather events or by generating new climate hazards. Without a tool to systematically assess the impacts of a project on some of the local determinants of vulnerability and exposure, it is difficult for project planners and managers to design activities that foster adaptation to climate variability and climate change. This tool seeks to address this gap. The tool has been used in several water management projects in Asia and Africa.