
Mutual Energy achieve Global Standard for Asset Management through ISO 55001 certification
Mutual Energy has been recognised for effective asset management of critical infrastructure by achieving ISO 55001 certification.
ISA CTEEP is a regulated electricity transmission company created in 1999-2001 with a 30-year concession to deliver power to more than 50 million people in the South East region of Brazil. It has over 25,000 km of transmission lines, 2,300 km of optic fibre cables and 126 substations with c.66,000 MVA of transformation capacity. Since 2007 they’ve invested US$ 3.7 billion and currently have 1,300 km of network under construction. There are 1600 members of staff.
As part of the international ISA Group, CTEEP was encouraged to develop its asset management capabilities. The organisation contracted subject matter experts, The Woodhouse Partnership to review existing maturity, and to develop and facilitate implementation of a value-prioritised Asset Management roadmap. As the work started, the company quickly recognised that developing and embedding an ‘asset management system’ based on PAS 55 / ISO 55001 standards, would help the company to align priorities better, raise competitive advantage and more confidently deliver its strategic objectives.
Aligned with ISA CTEEP’s strategic priorities, the Asset Management (AM) project has therefore been built upon 3 main pillars:
The specific deliverables established for the project were to:
ISA CTEEP has demonstrated that building and embedding an asset management system can deliver outstanding business benefits. The customized mix of targeted training in underlying concepts, with personalized focus and prioritized opportunities, has worked extremely well. This has delivered multi-million $$’s of verified benefits while achieving a radical change in atmosphere, behaviors, and corporate culture, all in just 24 months.
Key success factors have been the combining of human factors with the introduction of new processes, tools, and performance criteria. The breaking down of inter-departmental barriers has come from investments in education and recognizing the benefits of collaboration, following structured approaches such as the SALVO process. Local pride and ownership of the technical solutions are widely recognized and there is strong support from the senior leaders. The organization has been well supported by ISA Group and the flexible and adaptive ‘knowledge transfer’ style of TWPL subject experts in adapting core asset management principles to the local environment and value priorities.
The project is already delivering ahead of plan, both in the maturity assessments and in economic return on investment. ISA CTEEP is consolidating the new practices and setting its sights on becoming the first power transmission company in Brazil to be certified to the ISO 55001 standard for asset management.
Case; Strategy/Decision |
Benefits |
Acquisition of spare parts; analyze the optimal inventory of spares for current assets | US$ 1,700k |
Alternative equipment in stock: evaluate alternative uses of existing over-stocked equipment | US$ 300k |
Asset Renewal: define the best strategy and timing for renewing substation assets | US$ 900k |
Inventory optimization; dimensioning of inventory and distribution center | US$ 1,100k |
Maintenance evaluation; evaluate the business case for maintenance and optimum periodicity | US$ 750k |
TOTAL | US$ 4,8M |
“The integrated Woodhouse approach to people, processes and tools is really building a robust asset management environment in ISA CTEEP and helping us to act as a team instead of “silos”. And, just 12 months into the 3-year roadmap, this is already yielding evident culture change as well as multi-million dollar benefits.”
Mutual Energy has been recognised for effective asset management of critical infrastructure by achieving ISO 55001 certification.
This study was commissioned to ascertain the business case for re-tubing and to evaluate the life cycle cost benefits of alternative materials.
David Curtis, Director, Engineering Talent Management at Hydro One talks us through their experience with the Woodhouse Partnership and benefits of refining their asset management practices.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-advertisement | 1 year | Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . |
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
elementor | never | This cookie is used by the website's WordPress theme. It allows the website owner to implement or change the website's content in real-time. |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Cookie | Duration | Description |
---|---|---|
_icl_visitor_lang_js | 1 day | This cookie is stored by WPML WordPress plugin. The purpose of the cookie is to store the redirected language. |
aka_debug | session | Vimeo sets this cookie which is essential for the website to play video functionality. |
wpml_browser_redirect_test | session | This cookie is set by WPML WordPress plugin and is used to test if cookies are enabled on the browser. |
Cookie | Duration | Description |
---|---|---|
_ga | 2 years | The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. |
_gat_gtag_UA_20267140_1 | 1 minute | Set by Google to distinguish users. |
_gid | 1 day | Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. |
vuid | 2 years | Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website. |
Cookie | Duration | Description |
---|---|---|
wp-wpml_current_language | 1 day | No description available. |
With 30 years’ experience in utilities, oil & gas, transport and other sectors, John is one of the most widely known experts in integrated asset management projects for some of the largest companies in the world.
John is a Founder and Life Fellow of the IAM; he has written 4 books, chaired the development of BSI PAS55 and represents the UK on the ISO55000 committee.
He also led the international MACRO and SALVO collaboration projects in optimised asset management decision-making.