Melbourne – Progress Report on ISO Standards for Asset Management

Following it’s first face to face meeting since COVID 19 in Pennsylvania in May 2023, the ISO TC251 Committee is about to release 6 Draft (DIS) Standards, and is developing New Work Item Proposals (NWIP) for an additional 2 Standards and revision of ISO 55002:2018.

Tom Carpenter will provide a precis of the upcoming DIS Standards and highlight key aspects.

DIS Standards to be released in the near future:

  • ISO DIS 55000:2023 – Asset Management – Overview, Principles, and Terminology
  • ISO DIS 55001:2023 – Asset Management  – Asset Management Systems – Requirements
  • ISO DIS 55010:2023 – Asset management — Guidance on the alignment of financial and non-financial functions in asset management
  • ISO DIS 55011:2023 – Asset management – Guidance for development of public policy to enable asset management
  • ISO DIS 55012:2023 – Asset management – Guidelines for enhancing people involvement and competence
  • ISO DIS 55013:2023 – Asset management – Guidance on data for asset management

NWIP Projects:
Guideline for Asset Management Decision Making incorporating value and risk
Guideline for Sustainability
Revision/update of ISO 55002:2018

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About the speaker:
Tom Carpenter, CEO, IQ-AM Pty Ltd

Tom Carpenter is an originating member of the TC251 Committee developing the ISO 5500# Standards. He is responsible for initial development of the Certification framework implemented by the WPiAM. He continues to deliver vocational post-graduate qualifications in Asset Management and assistance to organisation implementing Asset Management.

Tom is a recognised CFAM and a winner of the highest personal award from the AM Council – the MESA medal.

 

Sydney – Asset management and the electrification of assets

Australia is in the middle of an energy revolution.  Energy sources are shifting to renewables, from the bulk end of the supply chain to people’s home solar systems.  The needs of energy stakeholders, the technology available to Ausgrid and our customers and governmental policy settings also evolving rapidly as a result.  The presentation will discuss these changes and their implications, in the context of asset management during the electrification of assets.  Observations will be offered from the perspective of the Capability Delivery Model in terms of stakeholder needs, business objectives, systems engineering, acquisition, operations & maintenance, configuration management and continuous improvement.

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About the speaker:
Matthew Webb, Head of Asset Investment, Ausgrid

Matt has over 30 years experience in managing all aspects of using power systems to meet customers’ electricity needs, including network planning, asset management, regulation and field management.

As Head of Asset Investment, Matt is responsible for Ausgrid’s long-term electricity network investment needs and opportunities in a rapidly changing operating environment.  This includes applying asset management and other techniques to:

  • Understand changing customer priorities and how Ausgrid will adapt services to meet customer needs and adoption of new technologies.
  • Transform network services through innovation and new capabilities needed to manage complex network power flows and deliver efficient renewables hosting capacity.
  • Unlock value of customer DER assets and load flexibility to achieve a reduced overall energy cost for customers and improved network utilisation.
  • Ready the network to enable the needs of our customers and stakeholders safely, efficiently and equitably, to facilitate a net zero future.

Matt is an Honorary Professorial Fellow at the University of Wollongong, as well as being Ausgrid’s senior representative and a member of the Research Advisory Committee (ReAC) to the RACE for 2030, a national industry led cooperative research centre.

 

Webinar – Application of a diagnostic algorithm for performance monitoring of solar electric power generation assets

Data driven sustainable asset management that applies a diagnostics algorithm to actively monitor the performance of solar electric power generation assets. This results in data driven maintenance activity decisions in combination with the asset owners’ financial interests, ensuring the optimum balance between performance and financial drivers.

 

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About the speaker:

Earl Duran, Tech Lead, Diagno Energy

Earl is a quantitative scientist whose thesis centered on exploring the drivers of climate change in Australia using climate big data. Today, he holds a key role as a Tech Lead at Diagno Energy, where he leads the development of a renewable asset optimization service, integrating his expertise in product development and machine learning. Earl and his team at Diagno Energy are addressing major inefficiencies in the operation and maintenance of solar and enhancing fault detection and diagnostic methods for commercial and industrial solar.

 

This session forms the final in a webinar series presented by MRiAM – Safe and Smart: Use of Technology for Remote Monitoring of Assets.

How do we remove people from dangerous conditions and situations and do our remote monitoring smarter? The Maintenance & Reliability in Asset Management special interest group presents this 5-part series where we look at different types of technologies that can be employed to reduce the risk to people and property.

Join us online and take the opportunity to look into techniques that are less familiar and can be adapted to your industry, or learn more about what others are doing within your own industry!

Registering for this session will register you for all five sessions in the series:

Webinar – Remote Water Pipe Leakage Monitoring in Perth CBD

To mitigate the risk and impact of water pipe leaks and bursts in the Perth CBD, Water Corporation utilises remote active leak detection monitoring technology across selected distribution and reticulation water pipes. This remote monitoring provides a continuous acoustic visibility on the assets providing early detection capability for Non-Visible leaks and the protection of assets. This early detection of failures of the water pipes reduces the high cost reactive approach, enables mitigation or remediation decisions to be deployed prior to Functional Failure. In a high density environment such as the Perth CBD minimises asset, public safety, subsequential damage and customer impacts resulting from bursts or catastrophic failures.

Active leak detection monitoring in the Perth CBD is achieved by two remote monitoring deployments:

  • Zonescan NB-IoT Correlating Acoustic Loggers, owned and maintained by Water Corporation utilising a Cloud Zonescan NET portal; and
  • Treble Distributed Acoustic Sensing of leased fibre-optic cables, analysed and reported by an external service provider.

While the acoustic logger technology is used across the industry for monitoring, the use of fibreoptic is technology is new within the water industry but utilised within other industries for temperature and vibration remote monitoring.

This presentation will provide an overview of remote monitoring deployed for non-visible leak detection and protection of assets, and the benefits realised.

 

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About the speakers:

Ian Gibb is an electrical Engineer working, for over 40 years on asset and network management, risk and performance activities, in the Electricity industry, jurisdictionally and nationally, and Water Utility industry in recent years.

Matt Ferguson is an environmental Engineer with over 10 years’ experience in Water industry, Environmental Service Delivery and Resources Sectors. More recently having an interest and focus on asset and network risk and performance.

This session forms the fourth in a webinar series presented by MRiAM – Safe and Smart: Use of Technology for Remote Monitoring of Assets.

How do we remove people from dangerous conditions and situations and do our remote monitoring smarter? The Maintenance & Reliability in Asset Management special interest group presents this 5-part series where we look at different types of technologies that can be employed to reduce the risk to people and property.

Join us online and take the opportunity to look into techniques that are less familiar and can be adapted to your industry, or learn more about what others are doing within your own industry!

Registering for this session will register you for all five sessions in the series: