The procedures, processes and systems that underpin CapEx are critically important to infrastrucutre utilities. Regulators are increasingly looking at the robustness of these procedures as evidence that both Renewal CapEx and Growth CapEx are prudent and economically efficient.
Utility Consultants has assisted utilities to strengthen its CapEx processes right from "need identification" through to project controls, implementation and close-out using the following frameworks...
- ISO 55000
- Asset Management Maturity Assessment Tool (AMMAT) being developed in New Zealand.
- Capital Governance Framework, recognised by the Australian Energy Regulator as a model of good practice.
- Select criteria from CIGRE C1.16 (transmission asset risk management).
- Select criteria derived from the Auditor General's report of September 2011.
