Capital Expenditure Budget
With deep domain expertise and insight into industry best practices and capital expenditure budget management, CIPPlanner has designed and developed multiple infrastructure lifecycle management solutions on top of our organically developed CIPAce™ platform. Our Software Enterprise Platform provides powerful tools and fundamental application services to automate business processes.
There is not a universal approach to local government’s Capital Improvement Planning; every organization has unique frameworks, needs, budgets and funding sources, demands, and desires. Capital Improvement Planning for local governments requires transparency, accountability, performance measurement, and project prioritization. CIPPlanner understands that City and County governments do not spend money on frivolous investments and the high need to efficiently and effectively manage resources. CIPAce™ simply manages the Capital Improvement Planning process from end-to-end; incorporating agency policies and regulations with automatic workflows and project ranking based on environmental, community, and financial impact. With real-time reporting and custom dashboards based on user role, CIPAce™ takes the hard work out of project and resource management.
Utility and municipal companies have hundreds and even thousands of assets that need to be managed as cities continue to grow. Fluctuations in the useful life of these assets require budgets and project resources to constantly change and the long term projects, typical of utility and municipal capital investment planning, have a huge impact on the quality of life for local people. CIPAce™ provides useful predictive models which can identify, within a 3 to 5 year window the type of asset renewal that will be required, capital expenditure budget, and cost saving justification for infrastructure investments. Close management of the schedule and operational impacts assist in the decision-making process.
Transportation agency responsibilities involve planning for development and redevelopment of certain areas and these new infrastructure projects require large capital investments; often from multiple funding sources. Project ranking, cashflow projections, and coordination between stakeholders are vital to ensuring successful planning and building. CIPAce™ includes key business processes such as complex contract management and invoice review and approval processes, including the coordination of management structures between contracts, projects, and corresponding budget constraints. CIPAce™ offers a complete solution that streamlines the entire life cycle of capital program management. The benefits the system brings to our clients in the transportation industry include optimal investment portfolios, lower costs, well-coordinated and accelerated schedules, and improved quality in project delivery.
As a corporation grows and expands, appropriately implemented Capital investments, whether acquiring additional assets, upgrading technology and equipment, or replacing existing assets, are necessary for increasing profits. To maximize the return on investment, project prioritization and cashflow forecasting are paramount aspects of the planning phase. CIPAce establishes a centralized framework for private organizations to streamline project management processes and consolidate siloed business data and knowledge from various project phases. Incorporating industry best practices, the system’s pre-configured business templates establish solid foundation for process standardization across the company. The system is equipped with powerful configuration tools and can grow with the company and easily accommodate the company’s rapidly changing business needs, goals and policies.
Capital Expenditure Program Application
Our industry leading solutions are equipped with powerful configuration tools and templates for managing all phases in infrastructure lifecycle from planning, procurement, to execution, closeout, and maintenance. These solutions have been adopted by a wide spectrum of clients from public to private sectors which include cities, counties, utilities, transportation agencies, and multinational corporations.