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CBA Review Board Update to TAC

The update on the CBA Review Board focuses on enhancing the consistency and process of Cost-Benefit Analysis across all market segments. The board aims to challenge assumptions, introduce diverse viewpoints, and implement improvements. Monthly reviews, form enhancements, and communication strategies are key aspects.

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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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