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Intelligent Assets - Condition and Performance Monitoring Techniques

Reference: 18/RG/05/49
ISBN: 1 84057 850 5
Published Date: 09/05/2018

Monitoring of critical assets can provide an early warning of possible failure, allowing early intervention and avoiding or mitigating impacts on customer service. Various ‘Condition and Performance Monitoring Techniques’ (CPMT) exist for this purpose, such as vibration or acoustics measurement, as well as analytical techniques (e.g. processing data to identify trends or detect anomalies). There is a need within the water industry to better understand the CPMT options available and their potential benefits.

Alternative options for CPMT were identified and assessed through a review of published literature. Water companies and CPMT supplier companies were also surveyed on their experiences of CPMT, in order to understand the usage/availability of various types of CPMT, and the success of CPMT implementations.

A framework for CPMT selection was devised based on identifying priority assets where CPMT would be most likely to be beneficial, then shortlisting potential techniques for these assets, and finally evaluating the costs and benefits. The costs and benefits section of the framework is illustrated via generic cost-benefit assessments for a range of common water industry asset types, provided in spreadsheet format on a CD accompanying the project report.

The project included a number of studies to quantify the benefits of CPMT. Data suggest that in many cases there are indeed clear benefits (more than justifying the cost of the CPMT) but the conclusions that could be drawn were restricted by data quality and availability.

One of the outputs from this project was a generic cost-benefit assessment spreadsheet, which provides cost-benefit assessment calculations and realistic quantities relating to asset deterioration rates, asset failure/repair costs etc, for ten commonly used water industry asset types. This spreadsheet might be useful in gauging the potential benefits of CPMT; users can also refine the analysis inputs in order to better represent particular assets at their company.

This spreadsheet is included on the CD. Further explanation and guidance is included within the spreadsheet itself.

Price: £50  

Framework for Expenditure Decision Making: Self-assessment Methodology

Reference: 15/RG/05/44
ISBN: 1 84057 790 8
Published Date: 18/09/2015

This report outlines a methodology to allow UK water companies to undertake self-assessment of maturity against the UKWIR Framework for Expenditure Decision-making (2014), and incorporates an Excel-based self-assessment tool. The structure of the tool mirrors that of the FEDM, and provides contextual information and questions to allow effective assessment against each of the Level 2 Framework steps. Users are able to assess capability at Company level, by Price Control or by asset type categories. Following self-assessment, scores and radar plots can be reported graphically.

The methodology and tool also provide an option to map scores to company specific Outcomes and Performance Commitments, and highlight overlap between the FEDM steps and ISO 55000 clauses.

Price: £300  

Framework for Expenditure Decision Making: Development of Service Forecasting Approaches

Reference: 15/RG/05/43
ISBN: 1 84057 777 0
Published Date: 20/07/2015

The purpose of this research was to provide expenditure planning practitioners with approaches and tools for service forecasting, which present a range of practicable options and allow choices in the degree of sophistication they could employ. The approaches reported cover the full width of commonly used Service Measures, including mandatory measures such as water quality and supply/demand measures and has particular relevance to Step D of the Framework for Expenditure Decision Making Understand and Forecast Risk. This report and an accompanying spreadsheet tool (including a web version of the tool for on-line users of the Framework) provides Practitioner Guidance for service forecasting approach selection.

This report presents commentary on a variety of techniques and provides guidance on their role and use within expenditure planning.

Price: £340