A system for accelerated assessment of operational uncertainties in an electrical power distribution system includes a plurality of utility assets, and a distribution analysis (“DA”) system. DA system includes a preparation module configured to identify a first network model and a reduced network model for the electrical power distribution system. DA system also includes an input module configured to identify a plurality of scenarios, and a reduced-model-analysis module configured to analyze the reduced network model using the plurality of scenarios, generating a first set of results, and to select a subset of scenarios based on the first set of results. DA system further includes a full-model-analysis module configured to analyze the first network model using the subset of scenarios, generating a second set of results. DA system also includes a command module configured to dispatch configuration commands to utility assets based on the second set of results.