Managing Storm Expenses

This course will help you learn, identify and implement new cost control strategies and processes to help your organization manage the high-cost areas in your crisis response operation. The instructor will touch on labor (including equipment for external utilities and contractors), logistics and material; give you proven strategies and approaches to control costs more effectively before, during and after any crisis; and help you avoid common financial mistakes that result in un-reimbursed or lost storm dollars that can damage credibility and destroy your bottom line.

Intermediate 0(0 Ratings) 0 Students enrolled English
Created by Jim Nowak
Last updated Mon, 21-Feb-2022
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Course overview

Learn new cost control strategies and processes to help your organization control costs, avoid mistakes, and better document storm costs so you don’t let un-reimbursed or lost storm dollars destroy your bottom line.

What will I learn?

  • Learn how to recognize and avoid financial waste in storm response before it happens internally, with your external resources, and with ad-hoc expenses that always arise with each new storm
  • Know how to streamline invoice reconciliation processes to reduce costs and enhance invoice mechanisms for your internal staff and external crews and contractors that reduce costs quickly and more efficiently.
  • Learn to avoid common mistakes and pitfalls that increase overall storm expenses, inefficient resource, and contractor management through better-contracting terms, ongoing planning, and period finance-focused drills and exercises.
  • Understand the importance of your back-office staff and how to streamline your overall storm related paperwork processes using proven strategies and tools used by many utilities for decades.
  • Learn strategies that you can implement within 30 days that can improve your restoration times, increase overall customer satisfaction, and improve your bottom-line storm costs.
Requirements
  • Timed Course Completion
Curriculum for this course
15 Lessons 03:47:33 Hours
Meet The Instructor
1 Lessons 00:00:00 Hours
  • Meet The Instructor
    Preview .
Introduction
2 Lessons 00:02:00 Hours
  • Managing Storm Expenses
    Preview 00:02:00
  • Course Description
    Preview .
Is This Session for You?
2 Lessons 00:11:58 Hours
  • Is This Session for You?
    Preview 00:11:58
  • Correction
    Preview .
How Identify, Manager & Recover Costs
1 Lessons 00:26:04 Hours
  • How Identify, Manager & Recover Costs
    Preview 00:26:04
Myths
1 Lessons 00:12:36 Hours
  • Myths
    Preview 00:12:36
Know What You’re Paying For
1 Lessons 00:20:13 Hours
  • Know What You’re Paying For
    Preview 00:20:13
Know What Matters
1 Lessons 00:13:06 Hours
  • Know What Matters
    Preview 00:13:06
Know What’s Important
1 Lessons 00:03:08 Hours
  • Know What’s Important
    Preview 00:03:08
Maintenance
1 Lessons 00:10:43 Hours
  • Maintenance
    Preview 00:10:43
FAQs
1 Lessons 00:13:32 Hours
  • FAQs
    Preview 00:13:32
Hire The Expert
2 Lessons 00:00:00 Hours
  • Hire The Expert
    Preview .
  • Request Discovery Call
    Preview .
Panel - Managing Storm Expenses
1 Lessons 01:54:13 Hours
  • Panel Version
    Preview 01:54:13
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About instructor

Jim Nowak

0 Reviews | 0 Students | 1 Courses
Instructor Title: Sr. Director, Operations, Products & Services, ARCOS, former Operations Executive at American Electric Power, Retired from the electric sector after 37 yearsInstr...
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