Powering Better Performance in the Electricity Sector

BLOG10Explore how the Canadian electrical company, PowerStream, developed a new approach to defining its value and risk frameworks, rigorous capital planning and decision making cycle to boost its performance.

PowerStream's ultimate goal was to identify the highest value capital plan across the entire organisation (including fleet, facilities and IT), while complying with internal 5-year capital constraints and the Ontario Energy Board's (OEB) regulations. Discover how the implementation of a new value-based framework has significantly improved its ability to respond to the OEB's new demands around outcomes in four key areas: customer focus, operational effectiveness, public policy responsiveness, and financial performance.
Read more here. (This content is available for members only, see our affordable membership options here.)

Defending Your Business

blog 9No matter how well you deliver value to your stakeholders through the careful management of productive assets, there are two potentially lethal challenges that your business can face in our changing world: the first is Class Actions and the second is Opaque regulatory Determinations. Explore the role of quantitative fact and risk based decision processes and demonstrable audit trails in development a successful defence and their application in achieving a defensible asset management budget.

Read more here. (This content is available for members only, see our affordable membership options here.)

Asset Management in Space

Saving Space with a ToothbrushWhat an interesting time we had when Andrea Boyd joined us for a lunchtime webinar discussion earlier this month, on the 21st September. Andrea, stationed at the European Space Agency, shared insights into daily life on the International Space Stations, what astronaut training is like, future plans for space exploration and more. We even learned all about how a toothbrush was used to save space!

As part of this presentation, brought to you by the Women in Asset Management group (WiAM), we donated all proceeds from this webinar to our nominated charity, beyondblue. The Asset Management Council offered to match dollar for dollar the monies earned, and were very pleased to present beyondblue with a total donation of $660.

WiAM is a passionate group of Asset Managers who are keen to show the benefits of asset management in providing diversity in the workplace. An online community has been established for WiAM for anyone with an interest in workplace diversity. Sign up to the online community to receive information and newsletters here.

Sparking up the Electricity Sector with a Linear Platform

Pylon PictureDiscover how Queensland University of Technology (QUT) successfully developed a risk-based predictive model to aid decision makers in Transmission Network Assets (TNA) with their often sensitive and highly complex replacement and refurbishment assessments and evaluations.

Decision making surrounding the replacement and/or refurbishment of electricity network assets requires significant investment from service providers. Numerous factors and high-quality predictions regarding future risks must be assessed, including structure characteristics, voltage, load, and the operating environment. QUT's LinEAR platform (Linear Engineering Asset Renewal tools) enables 'what-if' analysis for different maintenance scenarios and has the potential to benefit evidence-based budgeting, cost/benefit optimisation and quantitative justification for decisions by predicting unplanned maintenance actions.

Read more here. (This content is available for members only, see our affordable membership options here.)

A Unique Solution for Asset Management

Slide 1 Dr Yvonne PowerThe Asset Management Council was pleased to present the first in a fortnightly 'Asset Management in Action' series, showcasing projects from our Excellence Awards finalists during AMPEAK16 and 17. The series kicked off with a powerful presentation by Dr Yvonne Power who spoke about the development of a simplified approach for asset integrity management across the Energy and Natural Resources sector.With over 50 registrations, it proved to be a popular event and many took the opportunity to ask Dr Power about her groundbreaking project at the end of the session.

View a recording of Dr Power's presentation here, on the latest addition to our website - AMC-TV. (This content is available for members only, see our affordable membership options here.)

For information on other sessions in this series visit: here.