In Asset Management in SE, investment in and maintenance of plants, wires, cables, etc. in SE. This is done to all assets that are important regarding security of supply in SE’s network. The challenge was
Therefore, SE had a wish to reconsider all assets from consequence and risk. Thereby, an objective prioritisation creates basis for a precise planning and budgeting.
In a close collaboration between Dataminds and Asset Management in SE, a model to put a score on all assets and their risk of breakdown was made. The model was based on data from the existing system, statistics of failure, know-how of the engineers and mathematical models for Asset Management. The probability of breakdown for a given asset was made and combined with the consequences of a breakdown. The system was built with a dashboard frontend that makes a prioritised approach to reinvestments and an overview of future reinvestment needs possible. All data processes are automated and ensure an effective working procedure.
Today, SE has a tool that ensures a data-driven prioritising of reinvestment in SE’s fixed assets. The prioritising is done from a gross evaluation of both consequences of breakdown and risk of breakdown. In calculation of consequence and risk, several parameters, that are a part of the evaluation, are incorporated. Overview of the prioritising is an important input regarding the subsequent planning of activities. At the same time, the overview ensures an evaluation of future investment needs.