November 11, 2021
5 Min read
A large Northern generation, transmission & distribution utility needed to develop a right-sized asset management (AM) framework which consisted of collecting data, developing processes and frameworks and documenting asset plans to efficiently optimize their capital and O&M asset strategies.
In order to support this utility in their efforts of developing an asset management framework, METSCO performed the following:
Leveraging the outputs from the AM framework, METSCO was able to support the utility in the forecasting of capital and O&M investment levels based upon the status quo risk assessment of assets. Furthermore, METSCO collaborated with the client in developing a roadmap that documented the gaps and proposed improvements to support a right-sized asset management framework.
Through adopting a carefully curated asset management framework, the utility could bridge gaps between diverse asset classes. Therefore, by creating a holistic asset portfolio, the utility was able to enhance their overall asset management operations, resulting in enhanced efficiencies and benefits.