Projects Menu
What is a Project Tracking?
A Project is a temporary plan with the aim of delivering benefits and/or products to the business policy. A Policy is created first, and then Policy attached to the Project.
Policy - Defines the aims of the business over the long term. The Policy governs the calculation of the Project’s benefits.
Project - Multiple Projects can be saved to a one Policy and it is their collective benefits that meet the aim of the Policy over time.
Project Tracking is dedicated to identifying opportunities and quantifying project savings from the energy data in Sigma. Project information and existing consumption data is interrogated to prioritise opportunities to save energy. Monitoring the project’s journey through stages tracks progress towards the aim. Analysing the verified savings against target values justifies the project investments and quantifies the returns for each policy.
Key Messages
Identify opportunities to reduce energy consumption.
Quantify return on investment.
Calculate savings achieved by each project.
Track progress as the project matures.
Monitor and report progress.
Manage multiple projects with a consistent approach.
Why use Project Tracking?
Project Tracking will identify which Projects are viable through quantifiable analysis. Costs are calculated and savings managed to track the return on investment. Project Tracker will quantify the savings achieved and promote efforts to save energy, money and Carbon emissions.
Sigma’s sophisticated Project Tracking module is dedicated to identifying opportunities and quantifying project savings from the energy data in your energy portfolio that aim of delivering benefits and/or products to the business policy. A policy is set which defines the aims of the business over the longer term and multiple projects sit within a policy with their collective benefits contributing to the aim of the policy over time.
Project information and existing consumption data are combined to help identify and prioritise opportunities to save energy. Monitoring the project’s journey through stages tracks progress towards the aim and analysing the verified savings against target values justifies the project investments and quantifies the returns for projects. When setting up a project, core details of the project must be entered which will help calculate the impact the project will have towards the policy, this includes:
Project Lead Time and Project Implementation Time (to ensure the impact is not over-estimated)
Life Expectancy (to help calculate a more accurate return on investment)
Expected Costs (purchases), Incentives (Grants) and Savings and whether they are one-offs or recurring to ascertain the impacts the project will have on an ongoing and initial basis
How the Project will be verified (Regression, baseline, Manual, Savings Data Stream)
The tracking is fully auditable and complies with the International Performance Measurement and Verification Protocol (IPMVP) standards which are a common standard used within energy performance contracts or seeking investment in energy savings initiatives.