Jun

03

Building the Asset Management Practice – Virtual (Jun 03)

This course is designed to provide in-depth and extensive foundational details on how organizations can first establish an AM practice, including the underlying business processes, to produce functional AM results within their organization. This will include extensive discussions within the following areas: AM Foundation; AM Intelligence; AM Planning; AM Execution; and AM Improvement.

Register Now

General Details

  • Program Chair(s)
  • Robert Otal, Executive Director, METSCO

    • Program Location
    • Virtual Event
    • No travel required. All agenda times are in Pacific time. Instructions to access the virtual event will be provided to the attendee before the program.
    • Who Should Attend
    • This course is designed for employees that are either new to asset management, or employees that are working within an already-existing asset management practice, including asset managers, engineers, planners, supervisors, managers, directors and executives.

  • Registration Options
  • Member: $299 USD
    Non-Member: $299 USD

    Registration prices increase $100 after May 22, 2024. Registration includes full course participation, including course attendance, participant workbook.

  • General Cancellation Policy
  • Due to contractual obligations, cancellations received 15 business days prior to the program will receive a full refund. Cancellations received 6 to 14 business days prior to the event will receive a refund, less a $100 administrative fee. No shows and last minute cancellations, 5 business days prior to the event or less, will be responsible for the full registration fee. Substitutions from your organization for the same event are always welcome.
  • Participation Policy
  • Western Energy Institute programs and events are open to energy companies (including gas production and electric generation, gas and electric transmission and gas and electric distribution utilities). Select programs and events are open to energy industry product and service suppliers. Programs and events are closed to all media representatives and to the general public. Recording is not permitted for any portion of the event.
  • For more information contact Eric Christenson, Director of Program Curriculum + Engagement at (971) 303-2118.

Agenda

All session times are listed in Pacific time.

Monday, June 3, 2024

9:00 AM - 9:30 AM

Virtual Help Desk Open

The room will open early with optional time for participants to get familiar with the virtual platform, test their audio and webcam, or ask questions about the agenda before we begin.

Please join early as we will start the class promptly at 9:30 AM.

9:30 AM - 10:15 AM

Building Foundational AM Resources

Objective: To provide insights into the major philosophies and accepted industry standards for T&D asset management, as well as key foundational resources and requirements that every AM practice requires, including:

* Definition & Key Benefits of Asset Management
* AM Standards & Best Practices (e.g. ISO 55000, IAM AM Anatomy & Competences Framework)
* Foundational AM Documentation (AM Policy, SAMP, AMPs)
* Assessing AM Maturity & Current-State Practices
* Alignment & Certification to ISO 55001
* Case Studies

10:15 AM - 10:30 AM

Networking Breakfast

10:30 AM - 12:00 PM

Building AM Intelligence

Objective: To discuss how organizations can leverage their existing data to produce objective, data-driven and justified AM-related decisions and outputs, including:

* Examination of different types of asset data
* Developing the asset data model & harmonized/consolidated dataset
Establishing Asset Awareness through analytics (age, condition, risk)
* Introducing Data Quality Improvement, Governance, Validation & Continuous Improvements
* Case Studies & Interactive Exercises

12:00 PM - 1:00 PM

Break for Lunch

1:00 PM - 2:00 PM

Delivering AM Outputs

Objective: To discuss key applications that can be produced from the Asset Management system, including capital & maintenance investment plans.

* Deriving the key outputs from the AM framework
* Developing Capital & Maintenance Investment Plans
* Developing Business Case Justification
* Case Studies & Interactive Exercises

2:00 PM - 2:15 PM

Networking Break

2:15 PM - 2:45 PM

AM Program Adoption & Execution

Objective: To discuss the change management requirements necessary to ensure optimal adoption and execution of the AM practice.

* Change management & management of change policies & requirements
* Training programs & team communications
* Rollout & execution of AM practices, programs & processes
* Case studies & path forward

2:45 PM - 3:15 PM

Reporting & Continuous Improvements

Objective: To discuss the measures and metrics necessary to track the outcomes and overall effectiveness of the AM practice.

* Developing Measures/Metrics to Track AM Effectiveness
* Evolution of AM Practice to Establish:
– Grid Awareness (storm hardening, load forecasting)
– Situational Awareness (asset performance management & dynamic monitoring)
– Corporate Awareness (linking bottom-up analytics with top-down objectives to support Enterprise Risk Management and ESG initiatives)

3:15 PM - 3:30 PM

Wrap Up + Future Planning

We wrap up the day's course and invite your feedback on what you enjoyed most and areas for additional learning.