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METSCO assessed the value for the cost of Columbia Power Corporation’s (CPC) existing and alternative O&M agreements for conducting facility management and guided CPC in selecting an option that considers the long-term operation and maintenance of their facilities.
The evaluated service model included multiple categories to be assessed with consideration given to risk, benefit, and associated finances. METSCO’s review was structured with decision analysis allowing for the assessment of alternatives on both a monetary as well as non-monetary scale like risk.
Since outsourcing presents a strategic response for CPC our team defined a procedure and framework to evaluate each service category in common risk, benefit, and financial terms to meet CPC’s risk tolerance and performance levels to serve its customers. The analysis recommended CPC select the optimal choice that results in a better value that considers the long-term operation and maintenance of their facilities.