Balancing asset performance, costs and risks in transmission and distribution networks.
Electrical network operators are responsible for delivering high service quality at controlled cost levels, while limiting risks within acceptable boundaries. Driven by the need for efficiency, effectiveness, risk control and transparency, one of the crucial challenges is to operate an asset management system which is financially and technically balanced, which safeguards business values and which satisfies stakeholder interests.
Asset management is thus moving up the agenda of today’s utilities. A new framework was established with the introduction of the ISO 55000 standard in 2014. But alongside embracing a framework, successful implementation requires risk-based decision processes and project portfolios, supported by reliable data and adequate information systems. It also needs continuous process monitoring and improvement. And it involves a change of mindset, embracing new habits (and letting old ones go). However, the actual implementation of asset management is a gradual and step-by-step process. Each step in the development chain can only be successful once the preceding steps are in place.
This three-day training course provides an insight into modern network asset management, familiarises you with the concepts and practices of risk management and risk-based decision-making, provides a clear picture of the supporting processes, methods and tools, shows how technical processes fit in, and teaches you how to apply and implement modern asset management concepts in the day-to-day practice of a (transmission or distribution) network company.
- Understand modern network asset management and recognise the strengths and weaknesses of your operation/organisation
- Recognise and analyse risks, make risk-based decisions, and optimise and apply the supporting processes, methods and tools
- Apply modern asset management concepts in the day-to-day practice of a transmission and distribution network company
■ General introduction to asset management
Context, history, drivers, business values, KPIs, mission, strategy &
policy, asset management process & organisation
■ Risk-based asset management
Hazard, probability & impact, risks, risk matrix, risk appetite, risk
management (identification, analysis, mitigation), feedback &
■ Strategic asset management plan
Stakeholders, trends, risks, policy, objectives, strategy, forecasting,
planning, portfolio, budgeting, resources
■ Asset management framework and standards
Asset management framework & model, ISO 55000 standard, auditing,
gap analysis, maturity scoring, certification
■ Asset management implementation
Process, phasing, aspects, organisation, process, culture, quality control,
continual improvement, asset-related IT systems, data analytics
■ Technical asset management processes
Specification & quality assurance, maintenance & maintenance
improvement, lifetime & replacement, condition & remaining
life assessment, health indexing, failure investigations
Asset owners, asset managers, technical managers, maintenance managers, consultants, regulators, policymakers and other professionals working for network operator companies, consultancy firms, large industries or governmental organisations.