Key Elements - Financial Management
	This element evaluates the effectiveness of management processes for allocating capital funds to energy projects. This element also evaluates the approach used to establish energy expense budgets to effectively track and manage energy costs. Some organisations require energy management projects to achieve higher returns (shorter paybacks) than operational projects such as expanding output. Effective organisations use a balanced approach to assess the financial benefits of projects versus the organisation investment criteria, and assess energy efficiency impact of new capital projects. As abatement of greenhouse and energy related pollution becomes more important, effective organisations will include these emerging risks in the assessment of projects. BACK
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