Asset Management in Generation

Overview

The Asset Management in Generation Interest Group brings together utility professionals to share expertise, best practices, and practical solutions to common challenges in managing generation assets.

Through collaborative research and knowledge sharing, the group helps utilities develop and improve asset management strategies, optimize investment and maintenance decisions, manage risk, and enhance the long-term reliability and performance of generation assets.

Focus areas

Strategic Challenges
Emerging Trends and their impact on Existing Technologies
Risk and Resilience
Data Management and Analysis
Organizational Alignment and Effectiveness

This group is for

Asset managers, investment planners, risk managers, asset management engineers, managers, and program managers, asset strategists, and reliability managers

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Technical Advisor Support

Don Ans

Asset Management in Generation

Don Ans received a bachelor’s degree in Electrical Engineering from the University of Manitoba in 1985 and a master’s degree in Business Administration from Athabasca University in 2012. He has over 34 years of experience in the operation, maintenance, and asset management of hydroelectric generating stations. During his tenure with Manitoba Hydro, Mr. Ans was responsible for carrying out and managing maintenance engineering, reliability, and commissioning functions at all of the utility’s facilities, as well as leading the corporate enterprise asset management project.

Top Resources

REFERENCE RESOURCES

Asset Management Essentials Series

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The Asset Management Essentials Series is a set of resources focused on building a solid foundation of knowledge and expertise in the field of asset management. It emphasizes continuous training and development for asset management professionals. It includes case studies on the value of asset management to utilities, trainings on asset management strategies and planning, as well as multiple utility member examples of strategic asset management plans (SAMPs), asset management policies (AMPs), asset hierarchies, and organizational structures.

RESEARCH REPORT

Whole Life Cost Models for Generation Assets

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This project focuses on developing whole life cost (WLC) models for various types of generation assets. It is a key resource for asset management professionals seeking to evaluate the impact of investments on asset life cycles and future decision-making around asset investments.

GUIDANCE DOCUMENT

Generation Guideline for Risk Management

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This guidance document presents a risk management framework specifically designed for generation assets. It supports core asset management activities and provides a deeper understanding of infrastructure and the decision-making processes involved. Developed using the ISO 60812 Failure Modes and Effects Analysis process, this framework is accompanied by an Excel tool to apply the methodology and manage asset-related data.

WORKING GROUP

Computerized Maintenance Management System (CMMS) Working Group

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The purpose of this working group is to support members in leveraging their CMMS to meet asset management goals. The group also addresses common challenges with CMMS implementation and explores effective solutions. Key topics of discussion include: capturing life cycle cost information for financial and physical assets, optimizing CMMS deployment, data usage and analysis, asset and work management, risk assessment, and enhancing mobile functionality.

BENCHMARKING TOOL

Asset Management Utility Benchmarking Survey

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This comprehensive survey allows utilities to evaluate their asset management maturity and internal practices. With access to detailed data from 30 utilities, your organization can benchmark its asset management program against industry peers. The in-depth results help build a compelling business case for investments and improvements, ensuring alignment with the latest industry trends and best practices.