This Utility University course is open to any attendee with an all-access or utility all-access badge. These courses are first come, first served onsite in Dallas, however, pre-registration is still required. To pre-register, please visit the registration resource center or reach out to info@distributech.com.

Planned Contents:

1.     Introduction

2.     History

3.     What is Asset Management

4.     Asset Management Organizational Formation

5.     Techniques and Practices.

The journey begins with an examination of how to collect and correlate your data. This engaging introduction to asset management is tailored specifically for professionals entering the dynamic energy utilities sector. This foundational session serves as a gateway to understanding the need for cultural change, data integrity, and the substantial value this information can provide when accurately collected and analyzed.

Participants will explore core principles governing asset lifecycles, value derivation, and the delicate balance between risk management and performance optimization. Engaging discussions and real-world examples will provide profound insights into the globally recognized ISO 55000 series, setting the gold standard in asset management practices. The program will emphasize the importance of process and data governance and demonstrate how to convert data into actionable intelligence. Through compelling case studies, participants will acquire practical knowledge and strategies to manage the complexities of asset management in the utility sector. The session will explore Condition-Based Health Scoring and highlight the need for cultural changes in data usage. Asset or Equipment Health, though seemingly straightforward, requires ongoing data accuracy monitoring and prompt adjustment to changes.

As the discussion transitions from Condition Health towards RISK, the focus will shift to how age and historical data inform alternative evaluation methods for condition. We will discuss the transition from Calendar-Based to Condition-Based Maintenance, the potential savings, and the risks involved.

Participants will investigate advanced topics such as strategic asset management planning, ISO 55000 standards, and risk mitigation strategies. The session will also cover financial aspects of asset management, including asset valuation, lifecycle costing, and strategic investment decisions, highlighting the substantial O&M savings possible.

Additionally, the session will address the need to shift the culture within IT teams, emphasizing their critical role in the data collection process and the importance of aligning their efforts with business objectives.

This course will briefly touch upon future topics like Failure Prediction and Prescriptive Analytics. Designed to be both informative and engaging, this course will empower your team to achieve significant O&M savings annually and improve equipment condition across the board.