News and Events
Delivery of a Set of Asset Degradation Analysis Tools
Optadian has delivered a set of Asset Degradation analysis tools to a European gas
transmission and distribution company to assist them with assessing and understanding
the risk associated with their assets. The tools will enable them to use their Optadian-designed
Investment Prioritisation solution more effectively.
Delivery of an Analytics Service Hub Design and Implementation Plan
Optadian has delivered the design of an analytics service hub for a large UK water
utility. This included the development of their terms of reference, target operating
model, processes, management tools, organisation design, RACI matrix, 3rd-party analytics
support engagement model, technology architecture, implementation gap analysis and
SME Advice provided to Support Asset Management Group
Optadian has delivered range of SME advice for a European gas transmission and distribution
utility company. This included advice and tool development for failure analysis,
asset risk data capture, asset intervention financial analysis, optimisation-based
failure curve fitting, asset health and asset investment portfolio optimisation,
together with ongoing support for the extension of the event tree and risk monetisation
Asset Investment Portfolio Planning Event Tree, Failure Probability and Risk Monetisation
Optadian has delivered an event tree, failure probability and risk monetisation solution
for a European gas transmission and distribution utility company. The solution allows
asset managers to create asset failure modes and event trees, develop failure curves
(such as Weibull curves), perform asset failure impact assessments and monetise the
corresponding risk into a cost benefit analysis for the remedial asset actions. Additionally
the solution visualises the input and output data and allows the data to uploaded
into the main asset investment portfolio planning solution.
Asset Investment Portfolio Planning Solution Scoping and Implementation Approach
Optadian has delivered a comprehensive Asset Investment Portfolio Planning solution
scoping and implementation approach for a European gas transmission and distribution
utility company. The approach lays out a clear framework, solution scope, solution
design and implementation roadmap for a key component of their asset management capability
and aligns it with their regulatory timeline.
Asset Class Condition and Risk-Based Planning Tool Developed
Optadian has delivered the first phase of a condition and risk-based business planning
tool for a European gas transmission and distribution utility company. The tool considers
the key condition, risk and financial mechanisms to determine the optimal operations,
maintenance and replacement approaches for an asset class whilst considering public
safety, environmental and financial risks. The tool is a simulation-based solution
developed using Powersim technology.
Asset Intelligence Capability Assessment Completed
Optadian recently delivered the first two phases of a project to plan the transformation
of a European gas transmission and distribution utility company's Asset Intelligence
capability for their Asset Management organisation. The development of a custom capability
map and assessment of current capability levels is complete. The development of a
robust and pragmatic long-term plan to transform their capabilities is underway.
Regulatory Budget Support for Asset Intelligence Initiatives
Optadian recently supported a European gas transmission and distribution utility
company with regulatory budget definition, developing justifications for Asset Intelligence
initiatives including decision support tools, investment programme optimisation,
business intelligence and advanced data analytics. The utility is now in a much better
position to be able to justify the initiatives and their budgets with the Regulator.
Another Capital Programme Optimisation Pilot Delivered
Optadian, working in conjunction with Arcadis, recently successfully completed the
delivery of another cloud-based capital programme optimisation pilot solution enabling
a UK transportation and infrastructure client to select optimal investments for one
area of infrastructure management. They are now in a position to determine the best
investment programme that considers all key factors including project options, project
costs, infrastructure improvements and customer revenue based on customer price elasticity.