Utilities Industry Example

Review and Approve Budgets

• Internal Departmental Review and Approval

  • Review projects and specific cost control measures
  • Prepare justification for those not meeting "hurdle" ratesand other performance targets

• Divisional Review and Approval

  • Review inter-department/plant budgets and make revisions
  • Assess projects not meeting "hurdle" rates

• Corporate Review and Approval

  • Review Corporate and Divisional targets vs. proposed budget
  • Decide fate of projects not meeting "hurdle" rates and other performance targets

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