Growing a technical asset management program in electric utilities

Steps to take and advantages along the way

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When properly applied, a mature, predictive Technical Asset Management (TAM) strategy works to maximize the value of physical assets to the company’s bottom line.

This whitepaper explains what a TAM program is and what it is not. It provides a step-by-step description of how a utility can move from a nascent TAM system (Periodic Maintenance System) to a fully functioning, Risk based Maintenance (RbM) system capable of support larger organizational risk and security of supply goals. This paper also explains what benefits can be gained along the way as utilities evolve their maintenance programs.