Project 34.001 – Transmission Asset Management Analytics: Principles and Practices

Objective

Maintenance and asset managers responsible for transmission equipment need a deep understanding of asset and risk management principles. This project aims to provide utilities with the necessary concepts and tools to implement best-practice asset management and stay informed about emerging key asset management issues.

This project provides:

  • Guidelines for understanding asset management principles and for developing and implementing a transmission asset management program
  • Generic templates to assist utilities in developing the documentation required for establishing key attributes of mature asset management programs for:
    • Strategy and governance
    • Asset life cycle plans
  • Scouting of emerging technologies for further investigation and possible demonstrations:
    • AI-enabled enterprise-wide asset health or asset management platforms
  • Forums to exchange information, experiences, best practices, issues and lessons learned on applied analytics and asset management program implementations

Research Value

The project plans to provide:

  • Technical resources for information on overarching asset management principles and examples of processes and practices for effective and efficient implementation
  • Implementation guidance to help members effectively incorporate best practices into their asset management programs
  • Forums for knowledge sharing among members
  • Characterization of the potential applications of emerging analytical techniques for asset management
  • Knowledge to aid selection and adoption of enterprise-wide asset health platforms

Public benefits from this research may provide improved quality of service from a reduction in unplanned outages and costs, better utilization of capital, and improved customer satisfaction and service availability.

Approach

Asset Management Guide aims to enhance and update a comprehensive reference explaining asset management principles and the specific issues associated with implementing asset and risk management in transmission utilities. Utilities can use the guide to help structure or enhance their asset management programs and workforce education.

Asset Management Maturity Assessment White Paper. Based on the Asset Management Guide, EPRI has developed a methodology to assess the maturity of a transmission utility’s current asset management program implementation. This task intends to develop a white paper that outlines the assessment objectives, attributes assessed, and the overall assessment process, and provide anonymized example results of assessment and gap analysis and recommendations on how to bridge them.

Asset Management Program Implementation Guidelines intends to develop generic templates to assist utilities in developing the documentation required for establishing key attributes for mature asset management programs. Efforts in 2027 will focus on developing generic templates for:

  • Strategy and governance

  • Asset life cycle plans

Asset Health Systems Interest Group: A forum for exchanging information, experiences, and lessons learned; identifying knowledge gaps, needed capabilities, and research topics; and exploring new AI-enabled tools and methodologies for enhancing asset health indices, analytics, and overall asset management.

Asset Management and Applied Analytics Workshops: EPRI plans to conduct an in-person workshop to facilitate information exchange and promote industry-wide collaboration and discussion on important concepts and techniques for asset management.

  • Discuss current and emerging industry issues where analytics can help

  • Utility presentations sharing ongoing (or planned) efforts and results

  • Increase awareness and facilitate adoption of ongoing EPRI research

  • Exchange ideas and network with peers

Anticipated Deliverables

Deliverable Date
Transmission Asset Management Guide (Technical Update) 12/31/2027
Whitepaper: Transmission Asset Management Maturity Assessment Overview 12/31/2027
Strategy, governance and asset life-cycle plan development templates (Technical Update) 12/31/2027
‍Tech Transfer: Asset Health Systems Interest Group Proceedings 12/31/2027
Tech Transfer: Applied Asset Management and Analytics Workshop Proceedings 12/31/2027