Electricity Asset Management Plan 2019-2029
229
Vector Limited://
APPLICATION LIFECYCLE MANAGEMENT
NEEDS STATEMENT Vector has multiple core technology applications, all of which require ongoing upgrade, minor works and refreshment over their lifecycle. This investment category is associated with the ongoing lifecycle management of our core digital assets, throughout the ‘Buy, Build, Run, Maintain, End of Life’ lifecycle. In order to deliver effective and efficient services to our customers, we must maintain a baseline level of investment in running our digital applications, and other minor system upgrades and enhancements. These investments ensure the digital applications are up to date and maintained, minor enhancement to meet business needs can be made, and ongoing upgrade and lifecycle management can be completed.
There are significant upgrades required to core application such as Siebel and SAP, to bring them in line with the latest versions, ensure ongoing maintainability and vendor support, and improve business functions and capabilities.
Further examples include upgrading our risk and incident management software to the latest version, enhancing our ability to manage records and contracts, while improving the traceability and auditability of commercial and operational agreements relating to the management of our assets and network. The management of the lifecycle of digital assets is critical to ensuring the ongoing effectiveness and security of Vector’s core applications, their ability to meet customer needs and continue to deliver to our internal stakeholders.
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: No application lifecycle management – only respond to end of life
Applications will be managed until they reach end of life, they will then be decommissioned and replaced with like for lie capabilities. This will result in significantly increased capital cost over time, and a reduced ability for Vector to meet changing business and customer needs, enhance existing applications and actively manage the application lifecycle. All assets are managed through the application lifecycle. Upgrades and enhancements are made to simplify and extend asset life, optimise ongoing investment and improve security posture. Minor enhancements and major upgrades can be made to core applications to improve their effectiveness, enable new capabilities and meet changing business and customer needs.
Rejected
Option 2: Application Lifecycle management in place
$30.8M Selected
PROPOSED INVESTMENT SUMMARY ($MILLION NOMINAL)
DESCRIPTION
FY20
FY21
FY22
FY23
FY24
FY25
FY26
FY27
FY28
FY29 TOTAL
Application lifecycle management
3.37
3.04
3.32
2.16
2.91
3.90
3.37
3.11
2.77
2.86
30.81
Total CAPEX
3.37
3.04
3.32
2.16
2.91
3.90
3.37
3.11
2.77
2.86
30.81
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