This report details a step-by-step guide that can be used by utilities to develop asset management plans for each asset – including the minimum requirements for an asset management plan and guidance to develop the best-in-class asset management plan for each asset. This report focuses on substation equipment but the techniques discussed herein can be applied to other assets managed by electric utilities. The broader principles can be applied to any physical assets requiring management. The report includes a template for creating asset management plans as well as a minimum data checklist and advanced data checklist to produce a best-in-class asset management plan.
Asset management plan, Asset lifecycle strategy, Risk-based asset management, Data collection, Asset management tools