Electricity Asset Management Plan 2019-2029
66
Vector Limited://
ISO 55000 FRAMEWORK We have more recently been consolidating our asset management practice as a basis for improvement. The next step is to revise the key processes so they are in better accord with an ISO 55000 framework. This will involve further development of our asset management framework, assessment and amendment of some of our asset management processes, training and some documentation redevelopment. It is expected that this initiative will provide benefits through improved skills and more effective and efficient asset management practices. Improvements should become apparent through progressive increases in the self-assessment against the AMMAT model. ENHANCING STRATEGIC ASSET MANAGEMENT PRACTICE While we have a range of asset strategies, their effectiveness can be enhanced through the development of a formal strategy framework that improves their alignment and relationship with service level metrics. This initiative involves the review and mapping of current strategies, service levels and corporate strategies, and the development of an appropriate strategic framework. Development and redevelopment of several asset management strategies may also be required. Further staff training in aspects of strategic asset management will also be undertaken. This improvement initiative will provide benefits through more effective and efficient asset management practices and greater alignment of asset investment. This will be evidenced through progressive increases in Vector’s self-assessment against the AMMAT model. 3.8 ENABLING THE ASSET MANAGEMENT SYSTEM THROUGH INFORMATION SYSTEMS The asset management information systems enable the asset management systems to achieve Cyber-security and privacy outcomes, as well as the targeted customer experience. To achieve this, we have aligned our operational and supporting infrastructure systems with the IEC (International Electrotechnical Commission) network distribution reference model (Section 4.1.13). VECTOR’S ASSET INFORMATION MANAGEMENT FRAMEWORK The management of the network asset management information systems follows our Digital lifecycle framework to ensure the information systems are fit for purpose to support and enable the delivery of Network services.
Made with FlippingBook - professional solution for displaying marketing and sales documents online