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| asset management in utilities: Strategic Asset Management Clive Deadman, 2010 Utility providers are under pressure from all sides to reduce costs, while improving availability, reliability, safety and sustainability: and as economies battle to recover from the 2008-2010 recession, utility company spending and results will be under closer scrutiny than ever to deliver more performance for less. This book explores the new techniques which are being used by leading utilities While relevant to everyone regulating, supplying or working in the utility sector, this book is important for us all. As the assets employed by utilities account for 5% of global GDP the cost of replacing our aging utility infrastrucutrue is unaffordable. However, utility services are essential to civilisation. Without clean water, safe sewerage and reliable power, economies collapse and societies are prey to darkness and disease. This book answers the key question of how utilities can select the right goals, organisational design, culture and engineering tools, whch allow them to manage their complex asset bases and deliver truly excellent performance. With 37 case studies and 50 diagrams, it illustrates the snakes and ladders that leading utilities have experienced on the path to excellence. |
| asset management in utilities: Asset Management for Infrastructure Systems Gerd Balzer, Christian Schorn, 2016-10-17 The book offers a broad overview of asset management processes for different utilities, with a special emphasis on energy and water. It provides readers with important practical considerations concerning the development of new competitive structures and procedures for guaranteeing a sufficient supply of energy and water in a regulated environment, using clearly defined technical and economic cornerstones. On the one hand asset owners expect suitable interests from their investment and business growth; on the other hand regulators focus more on a reliable and cost-effective customer supply. This book shows how to take into consideration these different perspectives in the process of designing new structures and how to guarantee organizational transparency. Based on the major tasks of an asset manager, it describes essential principles and boundary conditions for ensuring the optimal use of resources in a network, such as investment and maintenance strategies, equipment service life, investment and operational costs, etc. Moreover, it points out their impact on the organization of the company, including the necessary IT landscape and computer programs. The book is the English translation of Asset Management für Infrastrukturanlagen - Energie und Wasser1, written by the same authors and published by Springer in 2014. |
| asset management in utilities: Asset Management Planning and Reporting Options for Water Utilities Mike Matichich, Ron Booth, John Rogers, Elisa Speranza, Eric Rothstein, Cody Stanger, Ed Wagner, Paul Gruenwaldr, 2006-05 OBJECTIVES: Managers of drinking water utilities face the difficult task of identifying appropriate levels of renewal and replacement spending, and achieving buy-in for the required funding levels from boards and councils. This project was commissioned to provide the framework to identify and test several levels of asset management planning, using samples of assets from a dozen participating utilities. BACKGROUND: As water utilities strive to implement appropriate strategies for managing their considerable treatment plant and distribution assets, they are faced with challenges that include (1) fully valuing water in a marketplace whose customers and policymakers have become accustomed to below market rates for service, and (2) developing more strategic asset management programs in the face of increased funding competition. Most articles, papers, and publications on asset management are based on theoretical examples or single- case studies. This project was designed by AwwaRF as a management study to help address the lack of comparative case studies. |
| asset management in utilities: Asset Management for Infrastructure Systems Gerd Balzer, Christian Schorn, 2015 The book offers a broad overview of asset management processes for different utilities, with a special emphasis on energy and water. It provides readers with important practical considerations concerning the development of new competitive structures and procedures for guaranteeing a sufficient supply of energy and water in a regulated environment, using clearly defined technical and economic cornerstones. On the one hand asset owners expect suitable interests from their investment and business growth; on the other hand regulators focus more on a reliable and cost-effective customer supply. This book shows how to take into consideration these different perspectives in the process of designing new structures, and how to guarantee organizational transparency. Based on the major tasks of an asset manager, it describes essential principles and boundary conditions for ensuring the optimal use of resources in a network, such as investment and maintenance strategies, equipment service life, investment and operational costs, etc. Moreover, it points out their impact on the organization of the company, including the necessary IT landscape and computer programs. The book is the English translation of Asset Management für Infrastrukturanlagen - Energie und Wasser1, written by the same authors and published by Springer in 2014. |
| asset management in utilities: Water Infrastructure United States. General Accounting Office, 2004 |
| asset management in utilities: Reliability Analysis for Asset Management of Electric Power Grids Robert Ross, 2019-03-18 A practical guide to facilitate statistically well-founded decisions in the management of assets of an electricity grid Effective and economic electric grid asset management and incident management involve many complex decisions on inspection, maintenance, repair and replacement. This timely reference provides statistically well-founded, tried and tested analysis methodologies for improved decision making and asset management strategy for optimum grid reliability and availability. The techniques described are also sufficiently robust to apply to small data sets enabling asset managers to deal with early failures or testing with limited sample sets. The book describes the background, concepts and statistical techniques to evaluate failure distributions, probabilities, remaining lifetime, similarity and compliancy of observed data with specifications, asymptotic behavior of parameter estimators, effectiveness of network configurations and stocks of spare parts. It also shows how the graphical representation and parameter estimation from analysis of data can be made consistent, as well as explaining modern upcoming methodologies such as the Health Index and Risk Index. Key features: Offers hands-on tools and techniques for data analysis, similarity index, failure forecasting, health and risk indices and the resulting maintenance strategies. End-of-chapter problems and solutions to facilitate self-study via a book companion website. The book is essential reading for advanced undergraduate and graduate students in electrical engineering, quality engineers, utilities and industry strategists, transmission and distribution system planners, asset managers and risk managers. |
| asset management in utilities: Water Infrastructure United States. General Accounting Office, 2004 |
| asset management in utilities: Asset Intelligence through Integration and Interoperability and Contemporary Vibration Engineering Technologies Joseph Mathew, C.W. Lim, Lin Ma, Don Sands, Michael E. Cholette, Pietro Borghesani, 2018-11-11 These proceedings include a collection of papers on a range of topics presented at the 12th World Congress on Engineering Asset Management (WCEAM) in Brisbane, 2 – 4 August 2017. Effective strategies are required for managing complex engineering assets such as built environments, infrastructure, plants, equipment, hardware systems and components. Following the release of the ISO 5500x set of standards in 2014, the 12th WCEAM addressed important issues covering all aspects of engineering asset management across various sectors including health. The topics discussed by the congress delegates are grouped into a number of tracks, including strategies for investment and divestment of assets, operations and maintenance of assets, assessment of assets’ health conditions, risk and vulnerability, technologies, and systems for management of assets, standards, education, training and certification. |
| asset management in utilities: 14th WCEAM Proceedings Adolfo Crespo Márquez, Dragan Komljenovic, Joe Amadi-Echendu, 2020-12-02 This book gathers selected peer-reviewed papers from the 14th World Congress on Engineering Asset Management (WCEAM), which was held in Singapore on 28–31 July 2019, as well as papers presented during the 1st WCEAMOnline event which focused on the ramifications of Covid-19 on infrastructure systems. This book covers a wide range of topics in engineering asset management, including: asset management services provisioning; servitization; decision-making; asset management systems; industrial Internet of things; and vulnerability and resilience of infrastructure systems. The breadth and depth of these state-of-the-art, comprehensive proceedings make them an excellent resource for asset management practitioners, researchers and academics, as well as undergraduate and postgraduate students. |
| asset management in utilities: 2019 IEEE Milan PowerTech IEEE Staff, 2019-06-23 PowerTech is the IEEE PES anchor conference in Europe and has been attended by hundreds of delegates from around the world It will be an international forum with programme for individuals working in industry and academia, to network, exchange ideas, and discuss the results of their research and development work |
| asset management in utilities: Business Essentials for Utility Engineers Richard E. Brown, 2017-12-19 It is no longer acceptable for utility engineers to make spending decisions solely because they make good engineering sense. In today’s environment, they must also demonstrate solid business acumen and show that recommendations make good business sense. With this goal in mind, Business Essentials for Utility Engineers systematically presents each business topic to arm engineers with the tools and vocabulary necessary to be more effective when interacting with senior management, and for promotion to senior management. This book covers all business concepts important to utility engineers, including regulation, ratemaking, accounting, finance, risk management, economics, budgeting, and asset management. The author applies his vast corporate experience to give readers a solid foundation for business theory, discussing the idiosyncrasies of utilities and using advanced mathematics to demonstrate business concepts. He also explains how to properly apply this theory to utilities, expounding on specific business skills that will greatly benefit utility engineers in their daily jobs. Chapters are organized to build sequentially upon each other, and take advantage of the mathematical sophistication and deductive nature of engineers when presenting material. After reading this book, utility engineers will view their industry from a new perspective, and will have a greatly expanded business vocabulary. Suitable for self-study, undergraduate study, graduate study, or as a desk reference, this book provides a robust framework for correct business thinking and a solid foundation for further learning. WAtch Richard E. Brown talk about his book at: http://youtu.be/gdyjq77nQFI |
| asset management in utilities: Handbook Utility Management Andreas Bausch, Burkhard Schwenker, 2009-07-07 Along with the increasing deregulation of European utility markets the dynamics of and the competitive pressure in the utility industries have steadily increased over the last years. These changes in the regulatory framework towards an integrated market environment have resulted in new challenges for the management of power and gas companies and in a substantial need for strategic reorientation. In the context of these developments the Handbook Utility Management reflects current challenges in the utility industries and provides solutions from a managerial perspective. The inclusion of latest insights from top managers, renowned researchers, professionals in utility-related investment banking and consulting, and professionals in public and supranational organizations on all value chain activities within the industry makes the Handbook an indispensable asset for both professionals and researchers. |
| asset management in utilities: Asset Management Planning and Reporting Options for Water Utilities Mike Matichich, 2006 Provides comparative case studies in asset management reporting for eleven utilities. Three options (basic, high-end and strategic) are provided for each utility. The report is intended to aid utilities in developing responsive asset management strategies that comprehensively address utility infrastructure planning, with an emphasis on renewal. |
| asset management in utilities: Utility Management Office of Water Programs, 2004-01-01 This manual is designed to train agency managers to use good business practices in managing a water or wastewater utility. It offers detailed information regarding all major responsibilities of a utility manager's key job elements and provides practical guidelines for policies and procedures. The manual explains how to asses the financial strength and stability of a utility, principles of budgeting, and how to fund capital improvements. |
| asset management in utilities: Asset Management Planning and Reporting Options for Water Utilities M. Matichich, R. Booth, J. Rogers, E. Rothstein, E. Speranza, C. Stanger, E. Wagner, P. Gruenwald, 2006-06-30 Managers of drinking water utilities face the difficult task of identifying appropriate levels of renewal and replacement spending, and achieving buy-in for the required funding levels from boards and councils. This project was commissioned to provide the framework to identify and test several levels of asset management planning, using samples of assets from a dozen participating utilities. As water utilities strive to implement appropriate strategies for managing their considerable treatment plant and distribution assets, they are faced with challenges that include (1) fully valuing water in a marketplace whose customers and policymakers have become accustomed to below market rates for service, and (2) developing more strategic asset management programs in the face of increased funding competition. Most articles, papers, and publications on asset management are based on theoretical examples or single- case studies. This project was designed by AwwaRF as a management study to help address the lack of comparative case studies. The study provides the first casebook that utility managers, finance directors, engineering managers, and interested persons can use to see the kind of information that they would get from varying levels of asset management. The study also identified a number of priority actions for future industry research to further advance the state of knowledge and practice, based on limitations encountered in efficiently populating data sets for this study. |
| asset management in utilities: Risk Management for Water and Wastewater Utilities Simon Pollard, 2016-05-15 Water risks and security are a major global hazard in the 21st century and it is essential that water professionals have a solid grounding in the principles of preventative risk management. This second edition of the key textbook, Risk Management for Water and Wastewater Utilities, extends beyond first principles and examines the practicalities of resilience and vulnerability assessment, strategic risk appraisal and the interconnectedness of water utility risks in a networked infrastructure. It provides an up-dated overview of tools and techniques for risk management in the context of the heightened expectations for sound risk governance that are being made of all water and wastewater utilities. Risk Management for Water and Wastewater Utilities provides a valuable starting point for newly appointed risk managers in the utility sector and offers MSc level self-paced study with self-assessment questions and abbreviated answers, key learning points, case studies and worked examples. |
| asset management in utilities: Water Utility Asset Management Asian Development Bank, 2014-05-01 Experiences of the Asian Development Bank (ADB) in the water supply sector show the consequences of inadequate asset management, such as lack of customer coverage and high nonrevenue water ratios. One response is lending to allow for new infrastructure. Some immediate benefits may be evident, but sustainability is at risk unless better asset management is part of the solution. This guide provides ADB's perspective on asset management, as well as an overview of the concept, processes, and systems of asset management, followed by a presentation of case studies about what utilities have done to manage their assets, including the results achieved. |
| asset management in utilities: Strategic Asset Management of Water Supply and Wastewater Infrastructures Helena Alegre, Maria do Ceu Almeida, 2009-09-14 Water and Wastewater companies operating all around the world have faced rising asset management and replacement costs, often to levels that are financially unsustainable. Management of investment needs, while meeting regulatory and other goals, has required: A better understanding of what customers demand from the services they pay for, and the extent to which they are willing to pay for improvements or be compensated for a reduction in performance Development of models to predict asset failure and to identify and concentrate investment on critical assets Improved management systems Improved accounting for costs and benefits and their incorporation within an appropriate cost-benefit framework Incorporation of risk management techniques Utilisation of advanced maintenance techniques including new rehabilitation failure detection technologies Enhancements in pipeline materials, technologies and laying techniques. These papers developed from LESAM 2007 for inclusion in Strategic Asset Management of Water Supply and Wastewater Infrastructures are focused on the techniques, technologies and management approaches aiming at optimising the investment in infrastructure while achieving demanded customer service standards, and they provide an opportunity to gain access to the latest discussion and developments at the leading-edge in this field. This book will be essential reading for utility operators and managers, regulators and consultants. |
| asset management in utilities: Sustainable Asset Management Roopchan Lutchman, 2006 Presents ways of maintaining and improving assets in utilities and manufacturing environments. |
| asset management in utilities: Rehabilitation of Water Mains American Water Works Association, 2001 P. 16. |
| asset management in utilities: Water Utilities Use of Asset Management Practices Alfred Caldwell, 2016 Recent catastrophic breaks in water mains and sewer discharges during storms are indicators of the nation's old and deteriorating water and wastewater infrastructure. EPA estimates that small water utilities--those serving fewer than 10,000 people--may need about $143 billion for drinking water and wastewater infrastructure repairs and replacement over 20 years. EPA and USDA provide the three largest sources of federal funding for water infrastructure. In a March 2004 report, the United States Government Accountability Office (GAO) found that water utilities may benefit from implementing asset management--a tool used across a variety of sectors to manage physical assets, such as roads and buildings. This book examines what is known about the use of asset management among the nation's water utilities--particularly small water utilities-- including benefits and challenges and steps EPA and USDA are taking to help small water utilities implement asset management. |
| asset management in utilities: Advanced Maintenance Modelling for Asset Management Adolfo Crespo Márquez, Vicente González-Prida Díaz, Juan Francisco Gómez Fernández, 2017-07-12 This book promotes and describes the application of objective and effective decision making in asset management based on mathematical models and practical techniques that can be easily implemented in organizations. This comprehensive and timely publication will be an essential reference source, building on available literature in the field of asset management while laying the groundwork for further research breakthroughs in this field. The text provides the resources necessary for managers, technology developers, scientists and engineers to adopt and implement better decision making based on models and techniques that contribute to recognizing risks and uncertainties and, in general terms, to the important role of asset management to increase competitiveness in organizations. |
| asset management in utilities: Implementing Asset Management , 2007 |
| asset management in utilities: Water infrastructure comprehensive asset management has potential to help utilities better identify needs and plan future investments : report to the Ranking Minority Member, Committee on Environment and Public Works, U.S. Senate. , |
| asset management in utilities: Delivering Water and Power Keith Mann, Pat Hohl, 2021-02-23 Modernize workflows, create actionable data, reduce costs, and prepare for new challenges. Location is at the core of many utilities' daily and long-term planning, but it's about more than making a map. It's improving the reliability of your water and energy infrastructure by reducing service interruptions. It's using data analysis to make informed operational decisions, both in the office and in the field. It's strengthening your network safety and security while increasing customer satisfaction. With advancements in smart technologies, location intelligence for utilities management is not just for GIS specialists. In Delivering Water and Power: Applying GIS for Utilities, see how public and private utilities around the world have implemented geographic information systems (GIS) to visualize and analyze data for situational awareness, operational efficiency, and asset management. In this collection of case studies and how to guidance, learn about how GIS was used to: * Protect customers in Denver through an innovative lead reduction program * Streamline asset inspections in the UK * Improve emergency response efforts in Puerto Rico * Increase solar energy potential and adoption in Dubai Through web apps, online maps, dashboards, and other GIS solutions, utility professionals develop a deeper understanding of network maintenance and performance within a real-world context, increasing operational flexibility, creating a safer environment for workers, and raising customer satisfaction. Discover how GIS and location intelligence modernize utility infrastructure and operations for improved service delivery and management with Delivering Water and Power: Applying GIS for Utilities. |
| asset management in utilities: Physical Asset Management Nicholas Anthony John Hastings, 2009-09-29 Physical asset management is the management of fixed or non-current assets such as equipment and plant. Physical Asset Management presents a systematic approach to the management of these assets from concept to disposal. The general principles of physical asset management are discussed in a manner which makes them accessible to a wide audience, and covers all stages of the asset management process, including: initial business appraisal; identification of fixed asset needs; financial evaluation; logistic support analysis; life cycle costing; maintenance strategy; outsourcing; cost-benefit analysis; disposal; and renewal. Physical Asset Management addresses the needs of existing and potential asset managers, and provides an introduction to asset management for professionals in related disciplines, such as finance. The book provides both an introduction and a convenient reference work, covering all the main areas of physical asset management. |
| asset management in utilities: Energy Risk Management Andrew S. Hyman, 2006-01-01 |
| asset management in utilities: AASHTO Transportation Asset Management Guide American Association of State Highway and Transportation Officials, 2011 Aims to encourage transportation agencies to address strategic questions as they confront the task of managing the surface transportation system. Drawn form both national and international knowledge and experience, it provides guidance to State Department of Transportation (DOT) decision makers, as well as county and municipal transportation agencies, to assist them in realizing the most from financial resources now and into the future, preserving highway assets, and providing the service expected by customers. Divided into two parts, Part one focuses on leadership and goal and objective setintg, while Part two is more technically oriented. Appendices include work sheets and case studies. |
| asset management in utilities: Public Infrastructure Asset Management, Second Edition Waheed Uddin, W. Ronald Hudson, Ralph C. G. Haas, 2013-07-29 The Latest Tools and Techniques for Managing Infrastructure Assets Fully updated throughout, this practical resource provides a proven, cost-effective infrastructure asset management framework that integrates planning, design, construction, maintenance, rehabilitation, and renovation. Public Infrastructure Asset Management, Second Edition, describes the most current methodologies for effectively managing roads, bridges, airports, utility services, water and waste facilities, parks, public buildings, and sports complexes. This comprehensive guide covers information management and decision support systems, including proprietary solutions and new technological developments such as cloud storage. The book discusses total quality management, economics, life-cycle analysis, and maintenance, rehabilitation, and reconstruction programming. Up-to-date examples and real-world case studies illustrate the practical applications of the concepts presented in this thoroughly revised reference. This new edition features: Planning, needs assessment, and performance indicators Database management, data needs, and analysis Inventory, historical, and environmental data In-service monitoring and evaluation data Performance modeling and failure analysis Design for infrastructure service life Construction Maintenance, rehabilitation, and reconstruction strategies, policies, and treatment alternatives Dealing with new or alternate concepts Prioritization, optimization, and work programs Integrated infrastructure asset management systems Visual IMS: an illustrative infrastructure management system and applications Available asset management system and commercial off-the-shelf providers Benefits of implementing an asset management system Sustainability, environmental stewardship, and asset management Future directions for infrastructure asset management |
| asset management in utilities: 2007 Benchmarking and Data Book of Water Utilities in India Asian Development Bank, 2007 |
| asset management in utilities: Processes Involved in the Generation of Discolored Water P. Slaats, L. Rosenthal, W. Siegers, 2004 Customers increasingly expect that the water companies will supply high quality water at all times. There is a disturbing trend towards litigation when they fail to do this. Therefore discolored water is a high priority issue. The type and magnitude of any discoloration problem will be site specific. A method has become available to predict the occurrence of discolored water. The discolored water risk assessment strategy offers tools to solve problems in terms of water quality treatment, new design rules, and optimization of the cleaning strategy for water mains. There is a challenge ahead to convince the water companies that their money would be better spent on monitoring the level of particulates than flushing. A successful outcome of the negotiations with fire fighting authorities is absolutely critical to improve system design. RESEARCH PARTNER Kiwa |
| asset management in utilities: Performance Indicators for Water Supply Services Helena Alegre, Jaime M. Baptista, Enrique Cabrera Jr, Francisco Cubillo, Patricia Duarte, Wolfram Hirner, Wolf Merkel, Renato Parena, 2016-09-15 The IWA Performance Indicator System for water services is now recognized as a worldwide reference. Since it first appearance in 2000, the system has been widely quoted, adapted and used in a large number of projects both for internal performance assessment and metric benchmarking. Water professionals have benefited from a coherent and flexible system, with precise and detailed definitions that in many cases have become a standard. The system has proven to be adaptable and it has been used in very different contexts for diverse purposes. The Performance Indicators System can be used in any organization regardless of its size, nature (public, private, etc.) or degree of complexity and development. The third edition of Performance Indicators for Water Supply Services represents a further improvement of the original manual. It contains a reviewed and consolidated version of the indicators, resulting from the real needs of water companies worldwide that were expressed during the extensive field testing of the original system. The indicators now properly cover bulk distribution and the needs of developing countries, and all definitions have been thoroughly revised. The confidence grading scheme has been simplified and the procedure to assess the results- uncertainty has been significantly enhanced. In addition to the updated contents of the original edition, a large part of the manual is now devoted to the practical application of the system. Complete with simplified step-by-step implementation procedures and case studies, the manual provides guidelines on how to adapt the IWA concepts and indicators to specific contexts and objectives. This new edition of Performance Indicators for Water Supply Services is an invaluable reference source for all those concerned with managing the performance of the water supply industry, including those in the water utilities as well as regulators, policy-makers and financial agencies. |
| asset management in utilities: Water Infrastructure at a Turning Point , 2006 The United States can boast the finest water and wastewater systems in the world, but it cannot sustain this extensive infrastructure unless steps are taken to counter its natural wear-down due to age. The resulting task is to initiate and manage a modern, methodical, and sustainable asset renewal process, called asset management. This report fully explores the processes involved in asset management: Define expectations and assess the condition, Estimate the remaining useful life, Manage the wear-out process, and continually Improve the plan. Written for: water utility managers, governing boards , community stakeholders, and others interested in the subject. The United States can boast the finest water and wastewater systems in the world, but it cannot sustain this extensive infrastructure unless steps are taken to counter its natural wear-down due to age. The resulting task is to initiate and manage a modern, methodical, and sustainable asset renewal process, called asset management. This report fully explores the processes involved in asset management: Define expectations and assess the condition, Estimate the remaining useful life, Manage the wear-out process, and continually Improve the plan. Written for: water utility managers, governing boards , community stakeholders, and others interested in the subject. |
| asset management in utilities: Accounting for Fixed Assets Raymond H. Peterson, 2002-10-15 Strategies AND techniques for getting the most out of A COMPANY'Sphysical assets Accounting for Fixed Assets, Second Edition presents comprehensiveguidelines for effectively managing property, plant, and equipmentin order to get the maximum benefits out of investments in theselong-term tangible assets. Enhanced with numerous examples andillustrations, this new edition features essential material ongovernment accounting, not-for-profit accounting, and practicalcomputer programs. Complete, up-to-date coverage of fixed-asset accountingincludes: * Asset classification * Base unit * Asset value * Asset safeguards * Inventories of fixed assets * Extraordinary repairs * Written policies * Self-constructed assets |
| asset management in utilities: Water Transmission and Distribution American Water Works Association, 2003 Water distribution systems are made up of pipe, valves and pumps through which treated water is moved from the treament plant to homes, offices, industries, and other consumers. The types of materials and equipment used by each water system are usually governed by local conditions, past practices, and economics. Consequently, drinking water professionals must be knowledgeable about common types of equipment and operating methods that are available. Completely revised and updated, Water transmission and distribution includes information on the following: distribution system design and operation and maintenance ; piping materials ; valves, pumps, and water meters ; water main installation ; backfilling, main testing, and installation safety ; fire hyfrants ; water storage ; water services ; cross-connection control ; motors and engines ; instrumentation and control ; information management and public relations.--Cover page [4]. |
| asset management in utilities: International Infrastructure Management Manual , 2006 Manual provides guidelines for best management practices for all infrastructure assets in the public and private sectors at the lowest life cycle cost. |
| asset management in utilities: Developing Performance Indicators for Managing Maintenance Terry Wireman, 2005 This unique reference utilizes techniques based on other management measurement systems, such as the balanced scorecard. It also presents a maturing of measurement technique for maintenance and asset maintenance and development techniques allowing companies to be competitive into the future. |
| asset management in utilities: Power System Assets Graeme Ancell, Gary L. Ford, Earl S. Hill, Jody Levine, Christopher Reali, Eric Rijks, Gérald Sanchis, 2022-05-23 This CIGRE Green Book describes the state-of-the-art of power Systems asset management dealing with all aspects asset management practice. The major focus of the book is on documenting practical methods that bridge the gap between just satisfying an asset management process and achieving real asset management results in the form of smarter investment decisions. The book facilitates collaboration and blending of the engineering and technical aspects of asset management and the financial considerations needed to support asset investment decisions using risk-based business case analysis. Detailed case studies are included to illustrate generic and specific or customized methods and to demonstrate the application of such methods from the technology perspectives of several CIGRE study committees. This practical guide is suitable for working asset managers and decision-makers (both engineering and financial) dealing with all aspects of the practice of asset management. |
| asset management in utilities: Strategic Asset Management of Power Networks International Electrotechnical Commission, 2015 |
| asset management in utilities: Criticality Analysis Made Simple Tacoma Zach, 2014-11-24 Two big challenges face asset management and reliability engineering programs today: knowing where to start and setting priorities. A meaningful criticality analysis is key to solving this challenge of clarity on what is to be achieved, establishing priorities, and aligning and targeting resources. It is also the starting point for making sure stakeholders are working together towards achieving better outcomes. While a criticality analysis is one of the most important elements in an asset management program, it is perhaps the most overlooked and misunderstood. Criticality Analysis Made Simple explains criticality and shows how to conduct an efficent and effective criticality analysis, laying the foundation for delivering maximum value from your assets.The book starts by explaining criticality and addressing some common misperceptions, and then shows how a criticality analysis supports the overall aim of an asset management program. Practical instruction on how to conduct a criticality analysis is followed by a discussion of how to maximize and apply the benefits of the analysis, tying criticality in to the bottomline. Helpful case studies and a discussion of how a criticality analysis supports the aims of ISO55000 are also included.This book makes criticality analysis simple to understand and easier to apply. The concepts and approach outlined have been proven to be highly effective and very efficient in multiple organizations. Criticality Analysis Made Simple will be valuable for teams tasked with uncovering risk and criticality in their organizations and for business leaders looking for greater success from their asset management programs. |
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