Maximize capital investment efficiency

Using an investment plan that includes defined projects and discrete asset investment requests, apply asset and project scoring tools to identify what investments to pursue, when, and at what level. Gain clarity on what solutions to approve to reach business goals by optimizing multiple investments over different planning periods, conducting precise "what if" scenarios, identifying "next best" projects and performing stakeholder validation. Respond quickly to changes such as budget cuts and rebalance projects based on new requirements. Easily monitor and generate reports on investment performance throughout project lifecycles.

Benefits

• Quickly optimize a range of asset investments using repeatable methodology
• React easily to real world changes and disturbances
• Do more and have more resources to support corporate goals and initiatives
• Measure and improve capital investment efficiency

Drive decisions based on corporate objectives, priorities and risk tolerances

Evaluate candidate investments based on asset analytics such as growth, performance, health and risk. Easily analyze complex variables for individual assets and sections of a network, align opportunities with high level strategic goals and company priorities, and prepare a consolidated plan for optimizing. Drive informed investment decisions and get the right projects approved faster by developing objective results that answer questions on whether to fund or defer, repair or replace and/or acquire or retire given assets.

Benefits

• Apply the same discipline to measuring the benefit of any project, large or small
• Assess the impact of a project on corporate metrics before the plan is funded
• Empower operational groups to develop capital plans in line with corporate goals
• Streamline investment planning and budgeting and reporting efforts

Ensure capital and operating funds deliver the maximum yield

Reduce the waste of scarce funds and allocate capital optimally. With a simple and intuitive interface, easily capture relevant data on multiple projects and quickly measure the value of projects against one another using field-tested, sophisticated mathematical algorithms. Have the ability to prioritize projects based on business cases as well as to optimize investments in multiple projects (linked to multiple strategic goals, with many moving parts and different alternatives) using more comprehensive and difficult-to-measure objectives such as risk tolerance across priorities (e.g., safety, reliability, environmental sustainability, geographic expansion), human resources, materials and time.

Benefits

• Easily compare the value of investment requests with sophisticated mathematical analysis
• Provide transparent visibility into investment selection criteria
• Generate an optimized capital spending plan
• Better align capital spending plan with corporate strategy

Develop multiyear plan to fund new strategic initiatives

Overcome the limitations of one year planning cycles and better balance investing in new capital equipment and the pressure to reduce costs. Provide executives and resource planners with a multiyear catalog of optimized asset management investments with forecasted financial, human resource and project management needs. Mitigate the risks of strategic business shifts and determine capital and OpEx requirements over a long-term planning horizon. Identify when to hire, train or reallocate costly resources and better manage resource levels over multiyear timeframes.

Benefits

• Ensure strategic initiatives are properly financed and resourced over long-term
• Minimize impact of future change on the organization by improving project planning and management
• Develop least-cost strategies for expanding capacity and supporting growth
• Better respond to regulatory requirements with detailed multiyear plan

Create submissions using standards-based, field-proven method

Simplify the time-consuming and expensive process of developing quantifiable, defensible and transparent general tariff application/general rate case (GTA/GRC) submissions to file with a utility commission. Based on the asset investment plan, justify investment strategies to regulators with objective, comprehensive information on company assets, capital expenditures and long-term financial outlook in defense of the values in the submission. Avoid delays in proceedings by easily accessing the system's repository of detailed information and responding quickly to information requests (IR) on submissions.

Benefits

• Eliminate anecdotal and directional detail and document logical business arguments for investment strategies
• Leverage industry-leading methodology for consolidating comprehensive information on operations and costs for examination
• Improve efficiency and reduce expense of lengthy proceedings
• Improve compliance with regulatory requirements and standards