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CBA Review Board Update to RMS

CBA Review Board Update to RMS. Troy Anderson ERCOT Program Management Office April 11, 2007. CBA Update. Agenda Cost Benefit Analysis (CBA) History CBA Review Board (CRB) Goals Process Participants Deliverables Communications Initial Recommendations of CRB Questions.

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CBA Review Board Update to RMS

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  1. CBA Review Board Update to RMS Troy Anderson ERCOT Program Management Office April 11, 2007

  2. CBA Update • Agenda • Cost Benefit Analysis (CBA) History • CBA Review Board (CRB) • Goals • Process • Participants • Deliverables • Communications • Initial Recommendations of CRB • Questions

  3. CBA Update • CBA History • CBA was initially created in 2005 to supplement the 2006 project prioritization process • Since initial rollout, we have learned much about the challenges of estimating benefits • We have also encountered issues from time to time at various points in the stakeholder process • Late in 2006, PRS supported the formation of a team to review CBAs on behalf of PRS • CBA Review Board met for the first time on January 26, 2007

  4. CBA Update • Goals of CBA Review Board • Improve consistency of CBAs across all market segments • Introduce varying points of view into CBAs • Provide a forum to challenge CBA assumptions • Identify and implement CBA process improvements • Process • Volunteer team comprised of market and ERCOT staff members • Monthly teleconference to review CBA content and discuss process improvements

  5. CBA Update • CRBParticipants

  6. CBA Update • Deliverables • Monthly review of new CBAs • Propose CBA form enhancements to PRS • CBA process diagram • http://www.ercot.com/meetings/crb/keydocs/2007/0315/CBA_Process_v5.doc • Communications • CRB area on ERCOT.com • http://www.ercot.com/committees/board/tac/prs/crb/index.html • Updated draft documents will be posted to the April 12 meeting page on ERCOT.com

  7. CBA Update • Initial Recommendations of CRB (draft) • Revise both Summary and Detail tabs • Provide easier stakeholder review (1 page summary) • Reorganize sections to focus reader on key information • Reduce complexity of market benefit section • Reduce focus on Net Benefit dollar amount • Many projects have significant non-quantifiable benefits • Eliminate sections that are rarely used or provide limited value • Risk Reduction (should be noted in Impacts section) • Scoring Section (retain benefit of this section by converting these topics to prompting questions) • Possibly end up with a combined Impact Analysis and CBA form

  8. CBA Update • Questions? • When will the new form be available? • We are hoping to submit to PRS in May 2007 • How do I get involved? • Contact Troy at 512-248-3905 or tanderson@ercot.com

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