To meet the current financial challenge, utility leaders should broaden their focus to include other business functions – such as oversight – that are contributing to the rising operations and maintenance (O&M) spend.
Overall Goals: Strengthen operational oversight, improve coverage, and stabilize standards while reducing overall station impact and cost Targeted Savings: $1+ million annually per station
Based on StrategyDriven’s experience, $1+ million in annual savings – and improved safety and reliability – are available to nuclear utility operators in the near-term through the implementation of contemporary market-based business practices in the oversight area including:
Establishing a coordinated, risk-based oversight approach that considers financial risk
Defining, communicating, and reinforcing quantitative performance standards at all levels
Further leveraging already existing operational and oversight data to reduce the number, significance, and/or frequency of oversight activities
…and numerous others!
Download Four Overlooked Controllable Costs to receive StrategyDriven’s complete list of $1+ million cost reduction opportunities in the areas of: