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SWOT analysis
Strengths, weaknesses, opportunities a, and threats.....questions asked in a matrix
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Documents that describe, instruct, and direct work results
Specifications
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Also known as on-conditions maintenance, which directs resources based on actual field conditions
Predictive maintentence
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Process where trees growing significantly faster than most other trees are pruned at approximately half the scheduled maintenance cycle length, enabling a longer interval for slower growing trees
Mid cycle pruning
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Predictive strategy designed to target trees as close a possible before they interfere with facilities
Just in time management
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Process by which limited tree work is scheduled on a specific area of the network where shorts or outages are occurring
Hotspotting
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Completing all necessary line clearance on a feeder or circuit basis
Circuit work
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Distribution cycle work performed within a specified geographic region
Grid work
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In project management a concept showing showing the interrelation of the resources of time, cost, and scope often depicted in a constraint triangle
Triple constraint
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Depiction of the concept of triple constraint in project management , consisting of time, cost, and scope
Constraint triangle
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Project management stratification of the entire scope of work needed to accomplish a projects objectives
Work breakdown structure
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the longest period of time a series of tasked requires from project beginning to end is the
Critical path
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The relationships that dictate when tasks in the work breakdown structure begin and end
Dependencies
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Three types of dependencies
Mandatory, discretionary, external
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Mandatory dependency
One task cant begin until another activity has ended
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Discretionary dependecy
Ex. One before the other: ie 3 phase before starting single phase
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External dependency
Relationship between a task under the Direction of a project management team and an action outside of their control. Ex; must wait for federal authorization
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Means to justify the allocation of resources, set priorities, and make decisions regarding what can and cannot be accomplished
Budget
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Accounting configuration for expenditures that do not generate income
Cost center
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Sources of revenue that can be a product, service, region or distribution channel
Profit centers
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Costs that are stuck in the short term
Fixed expenses
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Fixed operations expenses don’t decline when when sales fall. The only way to reduce fixed costs is to ____
Downsize, lay offs, sell office space
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Costs that can be clearly attributed to a single organizational unit
Direct cost, ex is tree crew labor
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Cost That cant be associated with a specific project demand
Indirect cost, ex is travel of an executive or program manager
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Utilities have 2 predominant budgetary classifications
Capital budgets and operational
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Monetary outlays for relatively large sums of money invested over multiple years.
Capital budget
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The process of accounting for economic losses caused when capital assets wear out over time.
Depreciation
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Costs that Change according to the level of activity during a set period of time
Variable costs
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Evenly spreads out costs over an items expected life span
Straight line depreciation
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Investments lose value more quickly when they are new than after they age; books greater amounts in the years immediately after and item is purchased the an when it is older
Accelerated depreciation
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Advantage of this depreciation is that it provides more conservative profit performance estimates and it reduces income tax liabiltities in early life of assets
Accelerated depreciation
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Finance day to day activities including salaries, rent, utilities, and supplies
Operating and maintenance budgets
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Cromptons 5 operational budget formats
- 1 line-item budgeting - allocates by itemizing
- 2 performance- goals and objectives involves mission statements and performance measures
- 3 program - line items organized into programs not accounts
- 4 zero based - variation of program results driven “decision packaging”
- 5 entrepreneurial - expenditure control, target based, envelope
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Most common type of operational budgeting in veg management
Entrepreneurial
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Are expenditure control, target based or envelope budgeting, most common type of budgeting for VM provides the most responsibility for managers.
Entrepreneurial budgeting
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Communication between vegetation managers, contractors, supervisors, and workers should be both _____ and. _______
Written and verbal
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Long term planning is ____, while short term planning is. ______
Strategic, tactical
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______ are documents that describe, instruct, and direct work results
Specifications
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Research has shown that trees are more likely to cause outages on ______-phase lines than on ____-phase lines
Three, single
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A results based strategy designed to target trees as close as possible to the time that they interfere with facilities is known as ___-____-____ management
Just in time
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____ _____ structure is a prioritized outline of job components that must be completed for a successful project outcome
Work breakdown
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For most utilities , vegetation management departments are considered _____ _____ that do not generate income
Cost centers
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Purchases of equipment or line construction are considered ____ expenses, whereas supply purchases or salaries are considered _____ expenses.
Capital, operating
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Time and material contracts, which are based on hourly rates for labor and equipment, are generally _____ risk for contractors and ____ risk for utilities
Low, high
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____ _____ contracts are gaining popularity because the responsibility for productivity, work planning, and scheduling, rests with the contractor.
Unit price
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Depreciation can be either ____ - _____, in which costs are spread out over the lifetime of an item, or __________, in which the amount of depreciation taken is higher immediately after the purchase of an item.
Straight-line, Accelerated
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