Services & Solutions

How Mature Is Your Asset Management?

Nexans Blog Mar 18, 2021

Take our test and find out!

Most DSOs have an Asset Management System – a set of defined processes and procedures that help them to keep track of their assets. Maybe you’re one of them.

But do you have a Strategic Asset Management Plan (SAMP) as well? In other words, are you able to convert your organisational goals into asset management objectives?

And how are you planning to achieve your asset management objectives? Is your competency framework aligned with your Asset Management System? And how reliable is your documentation?

The DSO challenge

Asset management is always complex. But for DSOs, it is uniquely so. First, assets in electricity distribution systems are highly interconnected. If you change one asset – a transformer or a cable, for example – there are immediate implications for the rest of the system. No single asset can be considered in isolation. And there are tens of thousands of assets.

Second, DSOs operate in a complex multi-stakeholder universe. This means that investment decisions have to be weighed-up against the needs of different groups, including consumers, regulators and shareholders or funders. Competing objectives need to be weighed up, and every decision you take has to strike exactly the right balance.

Your asset management system plays a decisive role in determining how effectively your organisation is able to satisfy needs like these and many others.

How can I improve my asset management?

Like anything else, asset management systems evolve and they benefit from a structured approach to improvement. But where do you start?

A great way is to carry out a gap analysis of your organisation’s current asset management stance. This will show you where your strengths are and where there’s room for improvement.

That’s where our online Asset Management Maturity Scan can help. Based on ISO 55001 methodology and consisting of 29 multiple choice questions, it can be completed in less than 30 minutes.

Our survey takes you step-by-step through the different facets of asset management, including key areas such as organisational context, leadership, planning, support, operations, performance evaluation and improvement.

Once you’ve submitted your results, you’ll receive a full maturity report with scores and recommendations. There’s no better way to get started on your asset management journey. And if you want to take it further, you can easily get in touch with one of our asset management experts.

Are you ready? To get started, click here.

About the author

Nexans Blog

Read the latest Nexans Group blog posts on topics including energy, buildings, telecom and data, mobility, services & solutions.

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