IPCC climate change scenarios have a global perspective and need to be scaled down to the local level, where decision makers have to balance risks and investment costs. Very high investments might be a waste of money and too little investment could result in unacceptable risk for the local community. PREPARED is industry driven, 12 city utilities are involved in the project and the RDT carried out is based on the impacts of climate change the water supply and sanitation industry has identifed as a challenge for the years to come. The result of PREPARED will be an infrastructure for waste water, drinking water and storm water management that will not only be able better cope with new scenarios on climate change but that is also managed in a optimal way. We will have complexes monitoring and sensor systems, better integration and handling of complex data, better exploitation of existing infrastructures through improved real time control, new design concepts and guidelines for more flexible and more robust infrastructures. PREPARED will involve the local community in problem identification and in jointly finding acceptable system solutions, that are supported by all, through active learning processes. Activities and solutions in PREPARED will be based on a risk assessment and risk management approach for the whole urban water cycle, through the development of innovative Water Cycle Safety Plans. Other innovations are sensors and models that will enable faster and better actions on changes and new design rules for more resilient design. We will combine European knowledge with valuable knowledge from Australia and the USA, to make the European Water sector more competitive. This to enable our industrial partners to export the products developed in PREPARED to other regions of the world, thus contributing to the Lisbon Goals but also to the MDGs. To ensure this exploitation the PREPARED consortium consist of more than 50% industrial partners and is demand driven.