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You have a well conceived strategy for your remedial approach. You may even have a lifecycle estimate and various proposals from your environmental consultants. You are ready to execute. But hold on, you may be missing out on the opportunity to manage the project and all of the uncertainties within a framework that will give you better visibility and a higher probability of success.
In this presentation, we will discuss three financial controls that you can put in place to more effectively and efficiently layout the cash flow forecast, manage work commitments, spending against the plan, and reserve balances. The three controls include:
• Establishing and enforcing a work breakdown structure across forecasts, work commitments, and spend
• Controlling work commitments against the reserve balance
• Controlling spend against work commitments