Long-Range Capital Planning and Delivery Sample Clauses

Long-Range Capital Planning and Delivery. The PMC will work with Staff to develop and support a framework for long-range capital planning and delivery with confirmation of current drivers and long-term levels of service goals. As part of this framework, the PMC will consider future/evolving drivers, including condition of assets, operational risk, financial affordability, staffing resources/deliverability, environmental impacts, climate change, new regulatory requirements, water supply and drought management, opportunities for innovation and energy optimization, multi-city-agency opportunities, etc., to develop the capital planning and delivery framework. SFPUC will incorporate the projects identified from the review of the current Water CIP into the long-range capital planning framework. Using this framework, the PMC will support the Staff to identify and prioritize projects, programs, and strategies within a 20-year long-range planning horizon based on several prioritization factors, including but not limited to operational risk (likelihood of failure and consequence of failure), regulatory and policy drivers, hydraulic adequacy and redundancy, sustainability, maintenance history, financial affordability, and other factors tied to the LOS Goals. The PMC will support the Staff to develop cost and schedule estimates for the projects and programs defined in sufficient detail within the long-term capital planning framework and prioritize the projects and programs over a 2-year budget process, 10-year planning cycle, and 20-year long-range horizon. Recommendations for updating the Water CIP in years 1-5 will be made annually (September 30). Annual review will allow the Water Enterprise Divisions to correct for unspent appropriations and allow for development of a plan to address project delays, i.e., get projects back on track, prior to the biennial update to the 10-Year Water CIP.
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