A presentation A presentation on Cost on Cost Effective Effective InitiativesInitiatives

By

Mahendra Kumar SahuAsst. Manager(Geo)

DefinationsDefinationsCost:- It is a monetary Term Cost:- It is a monetary Term represents Expenditure represents Expenditure incurred for a Commodity.incurred for a Commodity.Effectiveness:- Represents Effectiveness:- Represents Value involved behind Value involved behind FacilityFacilityInitiative:- Commencement Initiative:- Commencement of above two terminologiesof above two terminologies

Objective:- To Optimize Objective:- To Optimize the utilization of the the utilization of the resources, Facilities and resources, Facilities and existing/Advanced existing/Advanced Technologies in Technologies in economical Manner.economical Manner.

Why cost Why cost effectiveness is effectiveness is Required?Required?•To Improve the existing System •To Find out the best possible utilization of the resources•Minimize the slackness•Minimize the misuse of Facilities•To prepare the advance system to meet the future challenges•To develop advance skills of Technocrats•To Achieve the organizational Goal in Minimum efforts• To apply the principles of managements

Areas of Cost Areas of Cost Effectiveness-Effectiveness-In view of cost centersIn view of cost centers

Township•Street Lighting.•Conventional luminaries can be replaced by LED.• Chain of Electric Pole can be replaced by High mast Lighting arrangement based on location.• Light intensity Sensors (with Timer) may be installed.

WaterWater•Quality of potable water can be improved by virtue of advance technologies.•Water Harvesting •Rain water collection ponds.• To eliminate the need of filtration at domestic level.

Civil MaintenanceCivil Maintenance• Root Cause Analysis- by use of general IT solutions• Seasonal Care.Hospital aka refer centre• Facility of good quality medical practitioners.• Channelization of patients (Severe, Chronic, Seasonal and Special).

AdminAdmin• Save Paper • Paperless work• Status Information Hub – Intranet / Doni website.• Replacement of Existing Dot matrix printers to High speed, High density printers.• Improve Parking Facility.

Plant and ProductionPlant and Production• Proper scheduling• Calendar preparation. • Haul Road maintenance.• Improved illumination.• Effective Mine Planning.• Approach road widening (2 way)

General AreaGeneral Area

• Transport Facility- Separate bus for township.• Connectivity- Bypass road for NMDC.

Value additionValue addition

• Beneficiation Plant.• Pellet Plant• Slurry Pipe Line.• Steel Plant.• Mergers / Acquisition and Diversification.

THANK YOU