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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 .
About National Grid
National grid is an international energy delivery business, whose principal activities are in the regulated electricity and gas industries. It owns the high-voltage electricity transmission system in England and Wales and operates the system across Great Britain. It also owns and operates the high pressure gas transmission system in Britain and its distribution business delivers gas to 11 million homes and businesses in Britain.
The Group has electricity transmission systems in northeastern US, and distributes electricity in the northeastern US to approximately 3.3 million customers, and gas in upstate New York to around 560,000 customers.
National Grid also has a number of businesses operating in related areas such as wireless infrastructure for broadcast and telecommunications, metering and inter connectors.
Please see the National Grid website for more details (www.nationalgrid.com)
Last year
United Utilities Electricity Ltd. were the winners of this category in 2007.
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