
Development of a Risk Based Asset Management Tool
- Status:
- Complete
- Project Reference Number:
- NIA_NGGT0004
- START DATE:
- END DATE:
Project summary
- Funding mechanism:
-
- Network Innovation Allowance
- Expenditure:
- £54,000
- Third Party Collaborators:
-
- DNV
Summary
Documents
The current process is significantly manual. The linked tool would automate various stages of the process. The tool will deliver:
- The combined tool will allow National Grid to collectively manage the risks across all sections of the Network, and anautomatically updated risk-profile could be obtained. This risk data could assist National Grid with, for example, investment decisions. Novel ways of displaying the output data from risk assessments would be incorporated. This would provide up-to-date and readily accessible information for the user.
- The linked package would provide a new feature in that risk assessments could be undertaken along the pipe, not just at infringement points as at present.
The results of the risk assessments will be displayed as hazard contours surrounding the pipe in Uptime. This will provide National Grid with a useful multi-purpose tool, in which a broad selection of asset properties can be viewed in a single application to be used in the development planning and emergency management processes.
Benefits
Delivery of a software tool to include a risk overview of the network and predicted hazard ranges.