Digital Transformation for Utilities - Enterprise Portfolio Management
- Apr 2, 2020 11:43 am GMTApr 1, 2020 1:47 pm GMT
- 1744 views
This second article on digital transformation for utilities will cover the benefits of an enterprise portfolio management (EPM) system to help in targeted capital investment planning and to gain better control over a utility’s capital expenditures. For most utilities their capital expenditure is among their largest annual spends, however planning and executing the capital program can be a major challenge with budget and schedule overruns often being the norm. As pressure mounts from regulators, rate payers and commercial/industrial customers to control costs utilities are increasingly having to look at ways to better plan and manage their capital programs. An EPM system can provide a platform to do risk-based capital investment planning and then track projects while bringing clarity and auditability to the whole capital program.