Investment Optimization Process
Limited funding availability and increased fiscal accountability are driving the need for utilities to adopt a new approach to budget decision making. Multiple criteria such as financial return, customer impact, reliability, and risk must now be included in the decision making processes. The Spending Optimization model developed by UMS provides a solid methodology for optimizing capital and maintenance investments.
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Performance Based Regulation
UMS Group has the capability and experience to design and analyze every facet of PBR agreements. The key is to define a compelling value case for customers within a risk profile that is acceptable to the commission, and then to negotiate reasonable terms for delivery.
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Fleet Optimization is not just about determining the right number and proper mix of vehicles. It’s about managing this portfolio of assets in a manner that maximizes vehicle availability and minimizes total program cost. The Fleet Decision Support model, developed by UMS Group, provides the methodology for “Right Sizing” Fleets, performing Vehicle Comparative and Utilization analyses, and establishing Optimal Replacement Points based on experienced Lifecycle Costs and Failure Rates. Applying the insights gained from these analyses, UMS Group offers the operational expertise to develop “Best in Class” Fleet Maintenance Programs, implement effective Supply Chain strategies, and optimize overall Vehicle Program performance.
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UMS Group has developed an approach and a supporting
tool to optimizing the reliability spending on an
Electric Distribution network. A project
implementation integrates GIS and Outage Management
System information on locations and causes of
mitigable outages as input along with our client’s
compatible units and reliability solution portfolio.
The optimization process allows users to assess
multiple scenarios of spending and reliability
outcomes. Outputs include optimum circuit
reliability spending plans; numerical and graphical
charts showing the tradeoffs in spending and
reliability metrics; spend rate charts showing
expected improvements as investments are made; among
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Contractor Work Units
UMS Group has developed the most comprehensive and well established work units in the electric and gas utilities market. These work units have been developed by construction and maintenance experts from a number of large North American utilities and validated by over a dozen contractors. Different than engineering design units that number in the thousands at a typical utility, these work units are the manageable few that construction service providers can readily understand and bid correctly. Utilities that have incorporated these work units as their standard method of assigning work to contractors have lowered the administrative cost of assigning work, placed productivity responsibility on the contractor, neutralized the ups and
downs of the financial marketplace and facilitated improved cash flow management for
Many utilities that have incorporated work units into their design and estimating process are now considering using these same units for internal crews and also to benchmark crew productivity across many utility and contract crews. UMS Group brings the operational experience required to incorporate the most widely used and industry accepted catalogue of work units and customize it to fit any utility business circumstance.
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Work Scheduling and Resource
Work Scheduling is a critical
aspect of the resource planning and forecasting
process and for the majority of electric and gas
utilities is only performed for very large
projects. UMS Group has developed a process and
methodology that supports the work scheduling
process for all construction work. No project is
too small to schedule if it utilizes valuable
employee or equipment resources or both.
Non-productive time for crews and equipment can add
up to millions of dollars in lost revenues or lost
productivity. UMS Group can assist your utility or
business with the implementation and transition to
scheduling all work activities or we can provide
work scheduling services on an outsourced basis.
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Work Scheduling and Resource Management
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