Electricity Asset Management Plan 2019-2029
217
Vector Limited://
PROPOSED INVESTMENT SUMMARY ($MILLION NOMINAL)
DESCRIPTION
FY20
FY21
FY22
FY23
FY24
FY25
FY26
FY27
FY28
FY29 TOTAL
Cloud migration
0.57
0.57
1.07
1.07
3.28
Total CAPEX
0.57
0.57
1.07
1.07
0.00
0.00
0.00
0.00
0.00
0.00
3.28
VECTOR GROUP IT NETWORK MODERNISATION
NEEDS STATEMENT The Vector group, like most modern organisations, relies heavily on reliable, consistent and secure access to the internet to conduct its day to day operations. This is required across all devices and all office locations, with both wired and wireless connectivity a baseline expectation of employees, team members and stakeholders across the organisation. The current IT network has grown organically over many years and is now in an unfit state, presenting multiple functional issues and security risks. The move to cloud is putting further pressure on the need to remediate. This is a critical and urgent piece of work as the IT network is foundational to all system technologies. The IT Network includes both corporate and SCADA Internet Protocol (IP) and Ethernet computer networks. The functional role of these networks is to provide secure and reliable access to the internet, and effectively limit access to some areas of the network to provide redundancy and disaster recovery capability, alongside enabling the transfer of data from machine to machine both internally, and where appropriate, outside of the Vector network e.g. for Field Service Providers. Connectivity is a critical component of effectively managing and maintaining our core Network and Business operations, as losing connectivity, or having insecure access to the internet would directly impact our visibility of core network alarms, and prevent us from effectively providing any services to our customers, stakeholders or businesses who rely on that connectivity.
TARGETED OUTCOMES
CUSTOMER EXPERIENCE
SAFETY
RELIABILITY
RESILIENCE
OPERATIONAL EFFICIENCY
CYBER SECURITY AND PRIVACY
OPTIONS CONSIDERED Options to address the need identified above have been assessed and are summarised in the following table.
DESCRIPTION
DISCUSSION OF OPTION
ESTIMATED COST (NPV IF APPLICABLE)
STATUS
Option 1: Business as usual – no additional investment Option 2: Complete IT network modernisation
Continue with existing ad-hoc IT system network, and maintain this through ongoing incremental investment in patching and recovery to mitigate risk of significant failure Conduct end to end review of existing IT network and identify path to resolve and replace core components. Develop new network architecture with security and accessibility for multiple user groups defined and agreed during the design phase. Implement enhancements towards achieving the target state defined and modernise the network environment to enable secure, scalable and resilient connectivity to all core assets and infrastructure where connectivity is a critical component to achieving business outcomes.
Rejected
$2.2M Selected
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