Capital Planning

Effectively prioritize your asset-based capital projects
Capital Planning

Having up-to-date, consistent information about conditions across assets is critical to making optimal decisions about capital investments. Through effective capital planning, organizations can realize significant cost savings in the maintenance and rehabilitation of their existing physical assets. Riva Capital Planning, RivaCP, provides organizations with a powerful environment for designing, prioritizing and budgeting proposed capital projects. It provides all the tools necessary for long-range project portfolio management, generating 10, 20 or even 100-year capital investment plans.

How it works

RivaCP links projects to the assets they are affecting and tracks the full lifecycle of a capital project from inception through engineering, approvals, design, tender award and construction. It supports inter-department work flows, allowing for projects to be shepherded through to completion in a highly efficient and effective manner. Being web-based, users across the organization easily access capital project information and enter the results of reviews, approvals, budgets, tenders and inspections. Users can import project information from other applications, enter it directly, or have it automatically loaded periodically.

Highlights

zoomPreview of Prioritization

Prioritization

Define your own prioritization factors and formulas. Built-in tools simplify weighting, pair-wise comparison and testing of your prioritization formulas.

Prioritization Define your own prioritization factors and formulas. Built-in tools simplify weighting, pair-wise comparison and testing of your prioritization formulas.
zoomPreview of Budget Leveling

Budget Leveling

Review budgets over the next 5-50 years and determine the optimal schedule for executing projects.

Budget Leveling Review budgets over the next 5-50 years and determine the optimal schedule for executing projects.
zoomPreview of GIS Integration

GIS Integration

Integrates with Esri ArcGIS for Server to provide a geographic view of capital projects.

GIS Integration Integrates with Esri ArcGIS for Server to provide a geographic view of capital projects.
zoomPreview of Milestones and Approvals

Milestones and Approvals

Define stages in the project life, roles required at each stage and specific approvals that must be obtained.

Milestones and Approvals Define stages in the project life, roles required at each stage and specific approvals that must be obtained.

Benefits

  • Efficiency - Streamline project creation and workflow
  • Consistency - Apply consistent prioritization to all projects
  • Alignment - Align prioritization with corporate goals as well as asset risk
 

Features

  • Fully configurable to represent any organization.
  • Define and customize project types, milestones, accounts, and specific attributes.
  • Load documents to the server and link to project for use by all authorized users.
  • Provides both pre-defined and user-defined life cycles, along with fully configurable approval authorizations.
  • Compare budgets, funding, contracts and actuals.
  • Configurable dashboards and tools for building ad hoc reports.
  • Completely Internet-based application.
  • Supports multiple repair strategies.
  • Supports Microsoft SQL Server and Oracle.

Modules

GIS Integration

Geographical Information Systems (GIS) are a significant part of asset management, especially when it comes to asset inventories, and spatial representation and analysis of asset data, outputs from other corporate systems, and data attribution. Riva has integrated to a number of GIS platforms, most importantly to the industry leading solutions from Esri, Intergraph, and Small World. We provide real-time, bi-directional integration to enforce data currency, and the ability to display outputs from Riva that are user defined.