The Phoenix Metropolitan region is subject to intense summer monsoon thunderstorms that cause highly localized flooding. Due to the challenges in predicting these meteorological phenomena and modeling rainfall-runoff transformations in urban areas, the ability of the current operational forecasting system to predict the exact occurrence in space and time of floods in the urban region is still very limited. This thesis contributes to addressing this limitation in two ways. First, the existing 4-km, 1-h Stage IV and the new 1-km, 2-min Multi-Radar Multi-Sensor (MRMS) radar products are compared using a network of 365 gages as reference. It is found that MRMS products consistently overestimate rainfall during both monsoonal and tropical storms compared to Stage IV and local rain gauge measurements, although once bias-corrected offer a reasonable estimate for true rainfall at a higher spatial and temporal resolution than rain gauges can offer. Second, a model that quantifies the uncertainty of the radar products is applied and used to assess the propagation of rainfall errors through a hydrologic-hydraulic model of a small urban catchment in Downtown Phoenix using a Monte Carlo simulation. The results of these simulations suggest that for this catchment, the magnitude of variability in the distribution of runoff values is proportional to that of the input rainfall values.