The Prudency Management Audit: A New Challenge for the Civil Engineer

by Kris R. Nielsen, Nielsen-Wurster Group Inc, New York, NY, USA,
Patricia Galloway, Nielsen-Wurster Group Inc, New York, NY, USA,



Document Type: Proceeding Paper

Part of: Transition in the Nuclear Industry

Abstract:

The Nuclear Industry, particularly utilities and their constructor, engineering and vendor agents, is faced with a surging increase in Prudency Management Audits. Such Audits are often a precedent condition to commencement of rate hearings. The Engineer, as a prime nuclear participant, is called upon to demonstrate that the performance of the utility's team was a 'prudent' expenditure of funds, and thus recoverable through increased rates. All aspects of the design, procurement and construction process are being analyzed.

Subject Headings: Utilities | Construction management | Audits | Laws and regulations | Team building | Surveys (non-geomatic) | Procurement

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