Electricity Asset Management Plan 2019-2029
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Vector Limited://
Our Asset Management System is shown in Figure 3-3.
Figure 3-3 Asset management system
The Vector Asset Management System has been designed utilising knowledge available internationally as best practise to support the strategic objective of seeking accord with the principles of ISO 55000.
The Asset Management System comprises of a series of six documented process standards which cover the entire landscape of Asset Management. As they are finalised, they will supersede the existing practice and ensure any pre- existing gaps in process, structure or accountability are closed. These standards will be continually reviewed and updated as a process of continuous improvement. The Asset Management Standards being formalised are:
• AMS 01: Asset Management System, Strategy and Planning;
Documents the Asset Management System as a series of six Vector standards, outlining the framework for setting the Asset Management Policy, Asset Management Strategy (including Asset Insight Strategy), Asset Management Objectives and finally Asset Management Plans. It is the latter that specify the detailed activities, resources, responsibilities and timescales required, in conjunction with the associated risks, in order to achieve the Asset Management Objectives, which in turn should then see Vector achieve the required organisational / corporate objectives as expected by our stakeholders and customers.
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