Scope of category
Entries to the IET Asset Management Innovation Award category are welcomed from organisations that have demonstrated an innovative use of Asset Management tools and techniques which have delivered financial
and / or safety benefits.
The Asset Management category would include projects such as:
- Development of decision support tools to determine future asset renewal or maintenance requirements
- Development of risk-based maintenance or inspection regimes
- Development of innovative asset information systems to support Asset Management decisions
- Development of risk models to quantify financial and safety risks
- Development of whole-life cost or deterioration models to support capital investment decisions
- Development of ‘operational readiness’ capabilities to determine incident response and emergency
response arrangements
- Innovative use of asset knowledge to improve the reliability or efficiency of assets
The Asset Management Innovation Award is supported by the Asset Management Technical Professional Network; the IET's joint venture with the Institute of Asset Management .
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Winning innovations in this category
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The future of intelligent railway maintenance and operation - an innovative application of techniques to improve the asset management of railway rolling stock. (Bombardier ORBITA) |
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Optimising capital maintenance planning (Three Valleys Water and AMCL) |
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Condition based risk management (United Utilities Electricity Ltd.) |
Sponsorship opportunity
Sponsorship of an IET Innovation Award offers your organisation a unique opportunity to raise its profile to the IET membership and beyond, along with the chance to align yourself with the best innovations in engineering, science and technology.
Please see the 'Sponsor 2010' page or contact us if you wish to discuss sponsorship or need further information.
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