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Projects

Projects: Projects for Investigator
Reference Number	NIA_NGGD0003
Title	Asset Health Modelling
Status	Completed
Energy Categories	Fossil Fuels: Oil Gas and Coal(Oil and Gas, Refining, transport and storage of oil and gas) 100%;
Research Types	Applied Research and Development 100%
Science and Technology Fields	ENGINEERING AND TECHNOLOGY (Mechanical, Aeronautical and Manufacturing Engineering) 100%
UKERC Cross Cutting Characterisation	Not Cross-cutting 100%
Principal Investigator	Project Contact No email address given Cadent Gas
Award Type	Network Innovation Allowance
Funding Source	Ofgem
Start Date	01 October 2011
End Date	30 September 2013
Duration	24 months
Total Grant Value	£552,148
Industrial Sectors	Manufacturing
Region	London
Programme	Other

Investigators	Principal Investigator	Project Contact , Cadent Gas (100.000%)
Web Site	http://www.smarternetworks.org/Project/NIA_NGGD0003
Objectives	The objective of this project is to develop a Condition Based Risk Model (CBRM) that will determine the future health index of National Grid Gas Distributions governors and pressure reduction assets in order to prioritise future investment decisions. The CBRM tool will allow the future Health Index (HI) and Probability of Failure (POF) of these assets to be simulated and assessed. This will enable understanding of asset condition and criticality, identifying and modelling different interventions to mitigate risk, and prioritise and select optimal expenditure via a condition based risk approach. Expected Benefits: Development of an asset expenditure modelling tool which is based on asset condition, probability of asset failure and risk. This risk model will provide a robust, auditable and refreshable system for asset management which will support all future RIIO-GD regulatory submissions, and has a user interface that allows the following: The ability to compare and manage governor and pressure reduction installation asset groups on a comparable basis The ability to create robust and defendable investment plans based on a sound understanding of the assets Providing demonstrative evidence of asset condition that can assist in out performing regulatory incentive output measures A quantifiable, risk based approach to both CAPEX and OPEX investment with a clear audit trail A proven methodology, employed by others to support their regulatory submissions An on-going framework for managing assets using industry best practice techniques.
Abstract	The scope of this project includes: Stage 1: Gap Analysis / Development of Proof of Concept Model. CBRM Audit across all (2) asset categories Completion of CBRM excel model (District Governors) (Pressure Reduction Installations) Gap Analysis : RIIO GD1 Roadmap plan for 2013 submission Commencement of CBRM excel model.
Data	No related datasets
Projects	No related projects
Publications	Asset Health Modelling:Final Report
Added to Database	29/09/16

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Projects

Projects: Projects for Investigator