Risk and Prioritization Methodology – Complete Sample Clauses

Risk and Prioritization Methodology – Complete. Carollo will develop a method to prioritize the improvement projects based on factors such as risk, sustainability (such as Envision), energy conservation measures (ECMs), and alignment with Council Priorities and purpose statements of Public Works and the Water Utilities Division. The methodology will be designed around City feedback from the Risk and Prioritization Workshop (Task 100). The purpose of the prioritization methodology will be to best balance life cycle costs, water quality, cost and performance of treatment systems, and risk/criticality of assets into a phased improvement plan that is transparent and justifiable. Once the prioritization framework is developed, then Carollo will use the methodology to score or rank each of the projects. The ranking will be used to adjust the projects and their timing to produce a prioritized improvement plan for the treatment plants.