Project Prioritization (P2)
Software (P2) provides a consistent
and objective method to evaluate and
then compare all distribution projects.
The output of the software is a multi-year
spending plan that reflects corporate
objectives, responds to corporate
budget and labor constraints, and
explicitly considers the consequences
of deferring specific projects.
This project develops a new methodology
and accompanying software to:
a consistent and logical basis the
hundreds of candidate projects distribution
managers typically need to compare.
Treat fairly and consistently projects
with different attributes—that
is, large and small, different time
horizons, response to different
customer and system needs.
Value each project using a collection
of attributes that describe financial
and system performance implications.
Rank capital and O&M projects
with respect to a set of systematically-specified
objectives— including costs,
reliability, number of customers
impacted, service requirements,
Select the best multi-year portfolio
of projects given a budget constraint,
and understand the implications
of changes in budget levels.