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The evaluation of our costs and risks is a crucial business activity and sustainability issues must be integrated into this process to fully evaluate our operations. However, as the costs and benefits of sustainability impacts are not easily measured we have sought to identify alternative ways of measuring this risk of these intangibles.
In our business winning process we have a defined assessment for deciding whether to bid for or undertake any given project. We believe that if we identify risk at the very start of a tender or project then we are more able to control and mitigate that risk. This will enable our senior management team to make informed decisions about the sustainability impacts and the associated costs and risks of our future projects.
Cost and risk is a key part of our 2004 strategy:
Strategic objective (2010)
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2004 Target
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Our sustainability approach contributes to us reducing costs by 10%
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Establish and implement the framework for delivering cost reduction on our PFI Health projects.
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For details of all our 2004 targets please see the Our Next Steps section.
More cost and risk case records:
• Waterless urinals at OPDM
• CHP a forgotten asset
• EWC gas saving measure
For all of our best practice case records since 2001, please click here. |
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