PROJECT JUSTIFICATION TEMPLATE

I. PROJECT DESCRIPTION
II. SUMMARY OF FORECASTING MODELS FORMULATED AND
EVALUATED
III. SUMMARY OF PERFORMANCE ASSESSMENT OF THE
DISTRIBUTION SYSTEM
IV. GOAL SETTING & PRIORITIZATION
V. PROJECT FORMULATION OF ALTERNATIVES
VI. SUMMARY OF TECHNICAL ANALYSIS
a. Without the Project Parameter under consideration
b. With the Project Parameter under consideration
VII. SUMMARY OF ECONOMIC/FINANCIAL EVALUATION OF
TECHNICALLY FEASIBLE PROJECTS
 PROJECT JUSTIFICATION TEMPLATE
I. PROJECT DESCRIPTION
Project Code, Project Type, Priority
-Input of ERC code, Type of Project to be implemented
(Capacity, Power Quality, Reliability etc.), project
prioritization
Project Category
-e.g. substation
Project Title
-contains project to be accomplished with primary information
Project Cost
-estimated project cost with BOM
Project Duration
-timeline between implementation up to completion
Project Description
-background on the purpose of project (e.g. to aid economic
development of the area or increasing power demand)
Project Justification
-regulatory requirement
Technical Analysis
-cite technical reason on project implementation
Economic Analysis
-what are capital budgeting methods used

II. SUMMARY OF FORECASTING MODELS FORMULATED AND

EVALUATED

Some models used in forecasting:

A. Cubic trend with Smoothing and Horizon
B. Polynomial Trend-4th Power with Horizon
C. Holtz Winter(Short term)
D. Trending Linear Progression
E. Regression
F. Clustering

III. SUMMARY OF PERFORMANCE ASSESSMENT OF THE DISTRIBUTION

SYSTEM

Assessment on the following:

 A. Power Quality
B. Reliability
C. Capacity
D. Efficiency
E. Safety

IV. GOAL SETTING & PRIORITIZATION

Identification of which project is to be implemented first and what
are the target goals such as compliance with Government
regulating bodies.

V. PROJECT FORMULATION OF ALTERNATIVES

Identification of other possible alternative projects that may be

implemented to address the problem.

VI. SUMMARY OF TECHNICAL ANALYSIS

a. System Performance without the Project Parameter under

consideration.
b. System Performance with the Project Parameter under
consideration.

VII. SUMMARY OF ECONOMIC/FINANCIAL EVALUATION OF

TECHNICALLY FEASIBLE PROJECTS
Use Capital Budgeting tools to evaluate each alternative on
feasibility of projects.