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RE: Training on Model to Determine Whether P2 Projects Will Make Money



This tool, (PROJECT), was developed for estimating economic benefit
gained through noncompliance.  It is also a great tool for P2
professionals, because it gives a very quick determination of the net
present value of an investment and you can use it to compare alternative
investments.  Sometimes, however, the relevant comparison is with
existing practice, in which investments have already been made.  So you
may have to do a little digging for a fair comparison.  It may be
important to think about how much useful life there is in the existing
equipment and project your comparison out far enough to compare the two
on the basis of useful life.  It may be that there will be savings that
will result if you discontinue the existing project, such as freed up
space, (and some that are simply sunk costs and will not turn into
opportunities).  Ivestments you made in the old process might serve the
alternative, such as material transfer equipment.  Maybe, if you got rid
of the old process, you might be able to sell some of the equipment,
such as a VOC capture system you wouldn't need anymore.  PROJECT won't
tell you any of that unless you put it in, and you have to think
carefully about how to put it in.

-----Original Message-----
From: Becky Lockart [mailto:Becky.Lockart@epa.state.il.us] 
Sent: Friday, February 06, 2004 11:19 AM
To: p2tech@great-lakes.net
Cc: parry@terrachord.com
Subject: Training on Model to Determine Whether P2 Projects Will Make
Money


There will be a training session at the upcoming National Environmental
Assistance Summit on software developed by USEPA to determine whether P2
projects will make money.  This is a great tool for P2 assistance
providers to use when showing the economics of a P2 project.  

The training will be April 19th from 1:00 p.m. - 5:00 p.m.  The cost is
$20.  

For more information and to register go to
(http://www.p2.org/summit2004/Agenda.cfm)


Becky Lockart
Pollution Prevention Specialist
Office of Pollution Prevention
Illinois Environmental Protection Agency
1021 North Grand Avenue East
P.O. Box 19276
Springfield, IL  62794-9276
217/524-9642 (voice)
217/557-2125 (fax)
Becky.Lockart@epa.state.il.us

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