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Establishing a Funded and Unfunded Project List <br />•Once projects are prioritized, available funding in each category creates a funding boundary for its <br />category <br />Project A <br />Project B <br />─────── Funding Limit by Category <br />Project D <br />Project E <br />Check and Balance <br />•The projects immediately above and below the funding limit. First check: review the funded and <br />unfunded project list in each category <br />•The proposed funded projects are evaluated and balanced between categories <br />•Opportunity for Project Bundling and Coordination <br />Funded Project <br />Unfunded Project <br />Considering the Cost of Deferral for Unfunded Projects <br />•Evaluate consequences of deferring CIP replacement <br />•Deferral is a decision—not inaction <br />•Identify the minimum repair and replacement (R&R) investment needed to extend the <br />asset’s service life while funding is pending <br />11 <br />12 <br />Page 45 of 46