Whitepapers

Maximo Water Utilities Best Practices

Issue link: http://interloc.uberflip.com/i/464698

Contents of this Issue

Navigation

Page 1 of 3

4. Sustainable Service Levels for water utilities: • Service Levels established to meet internal and customer needs • Regulatory requirements for water utilities • Performance level requirements for water utilities • Physical capability of water utilities assets Asset Management best practices include: • Determining expected internal and customer growth and satisfaction • Understanding current and expected regulation requirements • Using service level standards to track system performance over time 5. Determination of best long-term funding strategy: • Adequate funding source to maintain assets for required service level • Sustainable rate structure for system's long-term needs Asset Management best practices include: • Reviewing water utilities rate structure • Considering funding dedicated reserve from current revenues • Considering financing asset rehabilitation, repair and replacement through other methods such as borrowed fund. IBM Maximo: Solution for a Smarter Water Utility IBM Maximo EAM Solution provides a perfect repository for your data, as well as the engine necessary to provide information to support asset management best practices: 1. Determining current condition of assets: • Create asset register including location Maximo provides ability to create asset register that includes unique asset IDs and asset characteristics such as location. If Maximo is interfaced to a GIS system the asset location can be pulled from maps. • Develop an asset condition rating systems. This may vary for above and below ground assets An asset condition rating system can be entered into Maximo and used to establish a hierarchy of work priorities. • Determine the remaining asset life by reviewing industry decay curves, etc. Monitor the remaining life of asset into Maximo for use in budget predictions and rehabilitation, replacement or repair decisions. • Determine asset existing value and replacement cost Both existing value and replacement cost can be kept in Maximo for strategic maintenance work decisions. 2. Determining critical assets to sustain level of service: • Establish a means for identifying system critical assets — numerous tools in Maximo can be used these assets Conduct failure analysis whenever possible (root cause or failure mode analysis) Failure analysis information can be collected based on verbal information entered into system and via work orders associated with an asset. This information is critical to performing failure analysis using problem, cause and remedy information stored in Maximo. • Determine probability of asset failure based on historical data Historical data collected during work activities is stored in Maximo and can be used to determine if an asset has an imminent possibility of failure or is an infrequently a poor performing asset. • Analyze risk of failure and consequence of failure for critical assets Required data to perform risk and consequence of failure for each asset is stored in Maximo along with the asset's system criticality level. • Establish and update vulnerability asset/location list Varying criteria can be used to identify the vulnerability of system critical assets or location, such as physical location or potential exposure to extreme weather conditions. This information can be captured in Maximo and used in reports or key performance indicators.

Articles in this issue

Archives of this issue

view archives of Whitepapers - Maximo Water Utilities Best Practices