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March 3, 2008
Strengthen Company, Minimize Risk
“I’m sure this project can be justified, but I’m just not sure what all I should include in the project capital request. Should I focus only on increased production or should include “soft savings” like avoided costs? I’ve got to get this right or I’ll be stuck without this improvement for another year.”
There are only a few places to look for meaningful “economic buckets” claims Emerson’s Pete Sharpe, principal consultant with Emerson’s Advanced Applied Technology Group in a recent editorial published in Automation World magazine, “Strengthen Company, Minimize Risk (546KB PDF).” He discusses how to present the key economic advantages and provides insight into the “ultimate metric.” If you are facing the need to justify capital for a site modernization project, this piece may help you improve your odds of success.
Posted by Emerson's EasyDeltaV.com on March 3, 2008 | TrackBack (0)
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