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PSBG COST MANGAGEMENT PORTAL
Exit
PSBG Cost MgtFramework
Goals
Strategies
Initiatives
InformationCentre
Contact F&BS
CostTransparency
CostAnalysis &Monitoring
CapitalInvestment
CostConscious
Culture
CostOptimisation /
SavingOpportunities
CostManagement
PSBG Cost MgtDevelopment
http://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Management%20Portal/Cost%20Management%20Portal(chin)v1.pps8/3/2019 Cost Management Portal(Eng)v1
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PSBGs Cost Management Framework provides a model for cost management implementation in
PSBG.CostManagementStrategiessupportedwithrelatedinitiativeswererevampedin2011,soasto
sustaintheStrategicGoalsdefined.
PSBG Cost Management Framework
Pleaseclickondifferent
layerstounderstandthe
framework.
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PSBG Cost Management Strategic GoalsTo optimize resources to meet expectations of
stakeholders, including shareholders, customers, staff,
andtheGovernment
Tostrengthenlong-termcompetitivenessandremainasthepreferredpowersupplier
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4
CostTransparency
CostAnalysis &Monitoring
CapitalInvestment
CostConscious
Culture
Cost
Optimisation /Saving
Opportunities
CostManagement
PSBG Cost Management Strategies
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5
Investment Ranking & BenefitsRealisation
Awareness of Depreciation Burden
Look for ways to make prudent Capex
investments
Careful investment for long-term
CapitalInvestment
CostManagement
Strategy 1
PSBG Cost Management Strategies (contd)
Initiatives
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6
Review and develop procurementstrategies
Explore work process streamlining
opportunities
The unit cost model for O&M costs
Benchmarking studies with peer utilities onunit cost and performance
Overhead and O&M cost savings
Costs optimisation and prioritisation
Cost Analysis&
Monitoring
Cost
Optimisation /Saving
Opportunities
CostManagement
Strategy 2
Initiatives
PSBG Cost Management Strategies (contd)
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CostTransparency
CostManagement
Strategy 3
Knowledge on BGs overall cost
Zero-based (ZBB) budgeting
Costs optimisation and prioritisation
Price tags on common services
Initiatives
PSBG Cost Management Strategies (contd)
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CostConscious
Culture
CostManagement
Strategy 4
Drive people with the right initiative /focus
Focus on sustainable cost management as
opposed to just cost-cutting
Mainly about optimisation and reallocation
of resources to strategic initiatives
Work out the price tags on commonservices with line depts
Encourage the sharing of results and
good practices from line departmentsthrough issuance of newsletter
Knowledge sharing through PSBG K-Portal
Initiatives
PSBG Cost Management Strategies (contd)
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Guiding Principles on PSBGs Cost ManagementPSBGs cost management initiatives should be conducted: withnocompromiseonsafetyandintegrity
withdueconsiderationsandabalanceofrisksonthefollowing4
aspects:
supplyreliability
servicequality
staffmorale
companyimage
withabalanceonlongtermsustainabilityandshorttermgoals
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2009
Year
2008
Cultural Change cultivated a cost conscious culture
2010
2011
ReviewEquipment& NetworkStandards
EnhanceStakeholderManagement
MaximizeAsset
Utilization
OptimizeO&M Cost
Review/DevelopProcurement
Strategies
PrioritizeCapex
Projects ExploitNew BusinessOpportunities
OPEXEfficiency
CAPEXEfficiency
RevenueGeneration
ReviewBusinessProcesses
IncreaseCost
Transparency
Understand
Improve
DevelopCost Conscious
Culture
Staffs Mindset
ReviewEquipment& NetworkStandards
EnhanceStakeholderManagement
MaximizeAsset
Utilization
OptimizeO&M Cost
Review/DevelopProcurement
Strategies
PrioritizeCapex
Projects ExploitNew BusinessOpportunities
OPEXEfficiency
CAPEXEfficiency
RevenueGeneration
ReviewBusinessProcesses
IncreaseCost
Transparency
Understand
Improve
DevelopCost Conscious
Culture
Staffs Mindset
Milestone
Sustain the Momentum reinforced the cost conscious
culture
We are here
PSBG Cost Management Development
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Information Centre
LEAN Workshop for Regions (Apr 09)
Slogan Competition (Feb 09)
Cost Management Workshop with North Region (Feb 09)
Cost Management Communication to Initiative Study Team[Overheads] (Feb 09)
Cost Management Communication to Initiative Study Team [O&M](Feb 09)
Business Plan Communication (Feb 09)
LEAN Workshops (Sept 08)
Communication Road Show (Dec 07)
Cost Management Communication to Branch Heads (Jul 08)
Cost Management Workshop for Senior Management (Jun 08)
Photos
Materials
Photos
Photos
Video
Photos
Photos
Photos
Photos Materials
Photos
Materials
Materials
Materials
Materials
2010 PSBG Business Planning Workshop (July 09)
Photos Materials
Materials
Photo
Cost Management Recognition Ceremony Cum Green Engineer Graduation Ceremony
PSBG Cost Management Newsletter Materials
Tube Materials
Cost Mgt Strategies & Initiatives before 2011 Materials
http://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Strategies%20&%20Initiatives%20before%202011/Supp%20-%20Dynamic%20Windmill%20(Eng).ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/Cost%20Awareness%20Comm11.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Strategies%20&%20Initiatives%20before%202011/Supp%20-%20Dynamic%20Windmill%20(Eng).ppthttp://npsmml-sspp01/Process%20Review%20Team/public/%E9%9B%BB%20%E7%B6%B2%20%E5%84%AA%20Tube/Supp%20-%20Tube.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Slogan%20Ceremony/slogan.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/%E9%9B%BB%20%E7%B6%B2%20%E5%84%AA%20Tube/Supp%20-%20Tube.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/PSBG%20Cost%20Management%20Newsletter/Supp%20-%20Newsletter.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Slogan%20Ceremony/slogan.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/PSBG%20Cost%20Management%20Newsletter/Supp%20-%20Newsletter.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/PSBG%20Cost%20Management%20Newsletter/Supp%20-%20Newsletter.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/PSBG%202010%20Business%20Planning%20Workshop/http://npsmml-sspp01/process%20review%20team/public/Cost%20Mgt%20Reg%20Ceremony%20cum%20Green%20Engineer/http://npsmml-sspp01/process%20review%20team/public/Cost%20Mgt%20Reg%20Ceremony%20cum%20Green%20Engineer/http://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/LEAN%20for%20Region.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/LEAN%20for%20Region.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Regions%20LEAN%20Workshop%20(Apr%2009)/LEAN%20for%20Cost%20Management.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Slogan%20Ceremony/slogan.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Regions%20LEAN%20Workshop%20(Apr%2009)/http://npsmml-sspp01/Process%20Review%20Team/public/Regions%20LEAN%20Workshop%20(Apr%2009)/http://npsmml-sspp01/Process%20Review%20Team/public/PSBG%202010%20Business%20Planning%20Workshop/http://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/LEAN%20for%20Region.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/LEAN%20for%20Region.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/Cost%20Management%20Update_NR%20Seminar%2025%20Feb%202009.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/Cost%20Management%20Update_NR%20Seminar%2025%20Feb%202009.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/Challenges%20Ahead%20%20PSBG%20Cost%20Management%20Framework%20-Chiv5.pdfhttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/Challenges%20Ahead%20%20PSBG%20Cost%20Management%20Framework%20-Chiv5.pdfhttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/LEANhttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/LEANhttp://npsmml-sspp01/Process%20Review%20Team/public/PSBG%202010%20Business%20Planning%20Workshop/http://npsmml-sspp01/Process%20Review%20Team/public/PSBG%202010%20Business%20Planning%20Workshop/http://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Slogan%20Ceremony/slogan.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Slogan%20Ceremony/slogan.ppthttp://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Slogan%20Ceremony/http://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Slogan%20Ceremony/http://npsmml-sspp01/Process%20Review%20Team/public/Workshop%20with%20North%20Regionhttp://npsmml-sspp01/Process%20Review%20Team/public/Workshop%20with%20North%20Regionhttp://npsmml-sspp01/Process%20Review%20Team/public/LEAN%20Workshop%20(Overhead)%20(Feb%2009)/http://npsmml-sspp01/Process%20Review%20Team/public/LEAN%20Workshop%20(Overhead)%20(Feb%2009)/http://npsmml-sspp01/Process%20Review%20Team/public/LEAN%20workshop%20(O&M)%20(Feb%2009)/http://npsmml-sspp01/Process%20Review%20Team/public/LEAN%20workshop%20(O&M)%20(Feb%2009)/http://npsmml-sspp01/process%20review%20team/public/Video/2009%20B-Plan%20Communication/http://npsmml-sspp01/process%20review%20team/public/Video/2009%20B-Plan%20Communication/http://npsmml-sspp01/Process%20Review%20Team/public/LEAN%20Workshop%20(Sept%2008)http://npsmml-sspp01/Process%20Review%20Team/public/LEAN%20Workshop%20(Sept%2008)http://npsmml-sspp01/Process%20Review%20Team/public/2008%20Cost%20Management%20Workshop%20(Jun)/http://npsmml-sspp01/Process%20Review%20Team/public/2008%20Cost%20Management%20Workshop%20(Jun)/http://npsmml-sspp01/Process%20Review%20Team/public/Cost%20Mgt%20Web%20Site%20Materials/Cost%20Awareness%20Comm11.ppthttp://npsmml-sspp01/Process%20Review%20Team/pu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Ms. Ava Hui: PAX 25394
Ms. Terry Hung: PAX 25392
Ms. Candy Lam: PAX 21784
Mr. Ben Wu: PAX 21615
F&BS Contact List
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