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Wivenhoe Dam has a capacity of 3.132 million megalitres of and is designed to temporarily hold a further 1.967 million megalitres, in addition to its drinking water storage capacity of 1.16 million megalitres. Holding back water during heavy rainfall will prevent flooding in Lower Brisbane River through Lockyer valley and Brisbane. Without the dam flooding if the Brisban River would be worse. Some issues involve when and how to release water into the river when the dam capacity is full in 2011 floods, Lockyer Valley Brisbane experienced severe flooding and the dam release strategy was reviewed by the QLD Government after the flood. The dam also has stocks of fish to improve ecology of the area and for fishing, boating and skiing which provides recreational options for South East Queensland residents.

The capacity of Wivenhoe Dam is 3.132 million megalitres, with an additional temporary holding capacity of 1.967 million megalitres, and a drinking water storage capacity of 1.16 million megalitres. The dam's role in mitigating flooding in the Lower Brisbane River through Lockyer Valley and Brisbane is essential, as it prevents more severe flooding. However, determining when and how to release water into the river can be a significant issue when the dam reaches full capacity. In 2011, the devastating floods in Lockyer Valley and Brisbane prompted the QLD Government to review the dam release strategy. Along with its primary function, the dam's fish stocks contribute to the ecological well-being of the area and provide recreational opportunities for South East Queensland residents, including fishing, boating, and skiing.

The Wivenhoe Dam, with a capacity of 3.132 million megalitres, is primarily designed to hold drinking water. However, it also has an additional capacity of 1.967 million megalitres to temporarily store water during heavy rainfall and prevent flooding in the Lower Brisbane River and through the Lockyer Valley into Brisbane. Without this dam, the flooding in the Brisbane River would be even more severe.

During the 2011 floods, when the dam reached its full capacity, there were concerns about determining when and how to release water into the river. As a result of the severe flooding experienced in the Lockyer Valley and Brisbane, the dam release strategy was reviewed by the Queensland Government.

In addition to its flood prevention role, the Wivenhoe Dam also plays a role in improving the ecology of the area. It has stocks of fish, providing recreational fishing opportunities for residents of South East Queensland. The dam also serves as a venue for boating and skiing, further enhancing the recreational options available in the region.