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CBA Review Board Update to TAC

CBA Review Board Update to TAC. Troy Anderson ERCOT Program Management Office. CBA Update. Agenda Cost Benefit Analysis (CBA) History CBA Review Board (CRB) Goals Process Participants Deliverables Communications CRB Recommendations Questions. CBA Update. CBA History

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CBA Review Board Update to TAC

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  1. CBA Review Board Update to TAC Troy Anderson ERCOT Program Management Office TAC

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

  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 TAC

  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 TAC

  5. CBA Update • CRBParticipants TAC

  6. CBA Update • Deliverables • Monthly review of new CBAs • Propose CBA form enhancements to PRS • Develop CBA process diagram • The process flow and new CBA form are posted at the following location(under Key Documents): • http://www.ercot.com/calendar/2007/05/20070511-CRB.html • Communications • CRB area on ERCOT.com • http://www.ercot.com/committees/board/tac/prs/crb/index.html TAC

  7. CBA Update • Recommendations by CRB to PRS • 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 (to be noted in Impacts/Benefits section) • Scoring Section (retain benefit of this section by converting these topics to prompting questions) • Begin using new CBA form in 2008 project prioritization process TAC

  8. CBA Update • Questions? TAC

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