Utilities Operations & Maintenance (O&M) Budgeting Process Workflow Template

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Overview: Utilities Operations & Maintenance Budgeting Workflow Template

This workflow template illustrates the development, presentation and approval of annual and monthly budgets for utilities operations and maintenance (O&M) functions, including expense trend analysis and monthly budgetary reporting. Purchase and download this template in PDF, PowerPoint (PPT) and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand Utilities Operations & Maintenance Budgeting processes.

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Process Details and FAQ: Utilities Operations & Maintenance Budgeting

What is included in the Utilities Operations & Maintenance Budgeting process?

The Utilities Operations & Maintenance (O&M) Budgeting process involves coordination between accountants, utilities project managers, or leads, and senior business executives to develop, analyze, approve and monitor O&M budgets. Accounting team members and senior executives collaborate to produce the initial annual budget. Once thie annual budget has been refined and approved, it is use to develop various monthly budgetary reporting and analysis tools, including dashboards that are visible to various units throughout the company. When significant deviations from the planned budget are identified in these reports, company project management and finance team members meet o determine why the variance exists, and to outline potential solutions.

Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Utilities Operations & Maintenance Budgeting process:

  • 1.Budget Variance (Planned vs. Actual)
  • 2.Cycle Time: Budget Approval
  • 3.Number of Budget Iterations
  • 4.Number of Line Items in Budget

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Utilities Operations & Maintenance Budgeting process:

  • Accountants
  • Project Managers
  • Centralized Business Planning Unit
  • Senior Management

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.

How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.

How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, PowerPoint (PPT) and Visio (VSD) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.

Questions?Call: 844-650-2888Email: info@opsdog.com
  • Workflow Template


    Utilities Operations & Maintenance Budgeting

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PowerPoint, Visio versions
    - Mapped in BPMN 2.0 format


    Call: 844-650-2888

    Email: info@opsdog.com

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