Achieving Siginifcant O&M Reduction with Risk-Informed Budgeting (white paper)
As utilities operate under increasing financial and reliability pressure, O&M budgets can no longer rely on previous years’ assumptions. Risk‑Informed Budgeting applies a structured categorization, challenge, and risk-based decision process to evaluate the necessity and timing of proposed budgets. This approach drives stronger executive engagement, transparent tradeoffs, and sustainable cost savings, turning budgeting from an annual accounting exercise into a strategic risk management tool.