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Find out what cookies we use and how to disable themThe scope of TC 123 (as a whole) is to formulate standards to deliver, in co-operation with other TC/SCs and international organizations, common methods and guidelines for coordinated lifetime management of network assets in power systems to support good asset management. This possibly includes the development of new methods and guidelines. Working Groups 1 (WG1) and 2 (WG2) have delivered Committee Drafts (CDs) on Terminology (WG1- IEC 63223) and Practice and case studies (WG2 – IEC TS 63224).The objective of the project proposed in this NP is to deliver standards and guidelines to derive asset management decisions from (available) asset data information.
This includes:
- methods to evaluate asset data in order to derive information on the probability and consequence of failure, on the remaining life of assets, on the condition or health of assets and on the associated risk and value - a common framework for evaluating and presenting the assessed information for large numbers of assets and - methods to define, analyse, compare, and prioritize intervention options and solutions.
The project deliverable will be an International Standard covering the following content:
1. Introduction: the environment and preconditions for managing assets a. Relation to asset management core principles b. Principles of asset management decision making
2. Alignment of the proposed standard with ISO 55001 requirements
3. Standards and guidelines for managing assets
a. Definition of assets and definition of failure
b. Risk identification
c. Risk assessment
d. Mitigating solutions
e. Project portfolio management
4. Management aspects relevant to managing assets
a. Information requirements
b. System requirements
c. Methods, tools and competences
d. IT requirements
e. Other management aspects relevant to power networks
Within each task of the standards and guidelines section, the committee (TC123) will decide what activities to standardize, and will produce standards and application guidelines, based on case studies of successful practices.
It is noted that the aim of modern asset management compliant to ISO 55001 is to realize value from assets. This may be achieved by controlling risks and by creating value from opportunities. The present standard is developed mostly from the viewpoint of risk control. However, wherever applicable, the standard will also address the options for and the analysis of value creation.
The following items are excluded from the scope.
– Asset management issues not specific to power networks (by ISO TC251)
– Dependability issues not specific to power networks (by TC56)
– Power network issues on technical matters, system aspects, information exchange, safety, insulation coordination, etc. (by TC8, TC57, TC99)
– Product specific issues on power network (by each product TC)
The purpose and justification for this proposed project are formulated in the strategic business plan (SBP) of IEC TC 123 (SMB/6650/R – presently being revised) and is based on the needs and demands of asset managers and regulators:
– Without worldwide standards on measuring and reporting on electricity network asset management procedures and performance, broader stakeholder engagement is very difficult
– There is a lack of consensus on what are best practice methods for everything from testing the health of a specific item of equipment to prioritizing various asset management options
– Commonly accepted definitions of the ways to calculate (for example) failure rates, without which it is very difficult to benchmark across organizations or jurisdictions.
– Regulators are looking to understand the management of assets and manufacturers who are designing and building equipment to service these companies.
The prosed activity supports the following strategic objectives stated in the SBP:
– To develop methods on risk and value – To develop common framework for evaluation of assets and consequences
– To develop approaches for evaluation of options for management of assets.
IEC TC 123 will work in close collaboration with many product TCs, and across organisations such as CIGRE. The output of this TC’s will facilitate a great sharing of knowledge and asset management practises, in the asset lifecycle, across a wide spectrum of stakeholders.
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