In our first post in
this series, we described the cyclical path
followed by every utility asset, a path marked by five distinct,
connected lifecycle stages. The first stage in this path, of
course, is asset
planning.
When beginning to plan for a new
asset, you must consider both the risks and the benefits of each
potential utility capital project. Effective project planning is
crucial to selecting the projects that will deliver the greatest
value for your investment. Further,...