Introduction:

Power system asset management is a critical aspect of ensuring the long-term reliability, efficiency, and safety of electricity infrastructure. This 5-day course is designed to provide professionals with an in-depth understanding of how to effectively manage power system assets, including transformers, circuit breakers, transmission lines, and substations. The course will cover best practices in asset lifecycle management, maintenance strategies, risk management, and the use of technology in monitoring and controlling assets. Participants will gain the tools and knowledge needed to optimize asset performance, reduce downtime, and extend the lifespan of power system assets.

Objectives:

By the end of this course, participants will:

1. Understand the principles of power system asset management and its importance in ensuring system reliability and efficiency.
2. Gain knowledge of asset lifecycle management from procurement to decommissioning.
3. Learn maintenance strategies, including preventive, corrective, and predictive maintenance techniques.
4. Understand the role of condition monitoring and diagnostics in asset performance management.
5. Develop skills in risk management and performance optimization of critical power system assets.
6. Learn about the latest technologies and tools used in asset management, including asset management software and IoT-based solutions.

Who Should Attend:

This course is ideal for professionals involved in the operation, maintenance, and management of power system assets, including:

• Power System Engineers
• Asset Managers and Maintenance Managers
• Operations and Maintenance Supervisors
• Utility Managers and Technicians
• Consultants in Energy and Infrastructure
• Project Managers involved in power system infrastructure

Course Outline:

Day 1: Introduction to Power System Asset Management

• Session 1: Overview of Power System Assets
  • What Are Power System Assets? Key Components: Transformers, Circuit Breakers, Generators, and Transmission Lines
  • The Role of Asset Management in Power Systems: Reliability, Cost Efficiency, and Safety
  • The Asset Management Lifecycle: From Design and Procurement to Decommissioning
• Session 2: Asset Management Framework and Standards
  • Global Asset Management Standards: ISO 55000 and IEC 60300
  • Key Concepts in Asset Management: Asset Classification, Criticality, and Reliability
  • Developing an Asset Management Strategy: Long-Term Planning and Investment Decisions
• Session 3: Asset Management Software and Tools
  • Overview of Asset Management Software: Features and Benefits
  • Role of Enterprise Resource Planning (ERP) Systems in Asset Management
  • Introduction to Geographic Information Systems (GIS) for Asset Tracking
• Activity: Group Discussion – Creating an Asset Management Strategy for a Power System

Day 2: Asset Lifecycle Management and Optimization

• Session 1: Lifecycle Management of Power System Assets
  • Key Phases of Asset Lifecycle: Planning, Design, Procurement, Operation, Maintenance, and Disposal
  • Importance of Asset Data: Creating an Asset Register and Managing Asset Information
  • Asset Prioritization and Criticality Assessment
• Session 2: Asset Optimization Strategies
  • Asset Performance Metrics: Reliability, Availability, Maintainability, and Safety (RAMS)
  • Optimizing Asset Utilization: Maximizing Efficiency and Reducing Operating Costs
  • Assessing the Condition and Remaining Useful Life (RUL) of Assets
• Session 3: Decommissioning and Disposal of Assets
  • Factors Affecting Asset Decommissioning: Age, Condition, and Technological Obsolescence
  • Disposal Methods and Environmental Considerations
  • Planning for End-of-Life: Cost Estimation and Resource Recovery
• Activity: Workshop – Evaluating the Lifecycle of Key Power System Assets

Day 3: Maintenance Strategies for Power System Assets

• Session 1: Preventive and Corrective Maintenance
  • Preventive Maintenance: Scheduling, Inspections, and Routine Checks
  • Corrective Maintenance: Reactive Maintenance Strategies and Root Cause Analysis
  • Key Performance Indicators (KPIs) for Maintenance Activities
• Session 2: Predictive Maintenance and Condition-Based Monitoring
  • What Is Predictive Maintenance? Using Data to Predict Asset Failure
  • Tools for Condition Monitoring: Vibration Analysis, Thermal Imaging, and Oil Analysis
  • The Role of IoT and Smart Sensors in Predictive Maintenance
• Session 3: Maintenance Planning and Execution
  • Creating a Maintenance Plan: Task Scheduling, Resource Allocation, and Budgeting
  • Maintenance Execution: Tracking Work Orders and Performance
  • Managing Spare Parts and Inventory for Maintenance
• Activity: Group Exercise – Developing a Maintenance Plan for a Substation Asset

Day 4: Risk Management and Performance Monitoring

• Session 1: Risk Management in Asset Management
  • Risk Identification: Understanding Failure Modes and Consequences
  • Risk Assessment: Quantifying and Prioritizing Risks in Power Systems
  • Developing Risk Mitigation Strategies: Preventive Actions and Contingency Planning
• Session 2: Performance Monitoring and Key Metrics
  • Asset Reliability and Performance Metrics: MTBF, MTTR, Availability, and Utilization
  • Real-Time Monitoring: Using SCADA Systems for Performance Tracking
  • Benchmarking Asset Performance Against Industry Standards
• Session 3: Implementing Performance Optimization Programs
  • Performance Improvement Initiatives: Root Cause Analysis and Continuous Improvement
  • Monitoring System Downtime and Failure Rates
  • Energy Efficiency Programs and Their Impact on Asset Performance
• Activity: Case Study – Analyzing Asset Performance and Proposing Optimizations for a Power Plant

Day 5: Emerging Technologies in Asset Management

• Session 1: Digital Transformation in Asset Management
  • The Role of Big Data and Analytics in Power System Asset Management
  • How Machine Learning and Artificial Intelligence Are Changing Maintenance Strategies
  • Digital Twin Technology: Virtual Representation of Physical Assets for Monitoring and Simulation
• Session 2: IoT and Smart Grids in Asset Management
  • IoT Integration: Smart Sensors, Smart Meters, and Real-Time Data Collection
  • How Smart Grids Improve Asset Management and Efficiency in Power Systems
  • Predictive Analytics for Preventing Asset Failures Using IoT Data
• Session 3: Future Trends in Power System Asset Management
  • The Role of Automation and Robotics in Asset Maintenance
  • Sustainability in Asset Management: Renewable Energy Integration and Energy Storage
  • Future Innovations: Blockchain for Asset Tracking, Drones for Inspection, and Virtual Reality for Training
• Activity: Final Group Discussion – Exploring the Future of Power System Asset Management

Course Delivery:

• Interactive Lectures: In-depth discussions of asset management principles and best practices.
• Case Studies: Real-world examples to demonstrate how asset management strategies are applied in power systems.
• Hands-on Exercises: Practical activities focused on maintenance planning, risk management, and asset lifecycle analysis.
• Software Demonstrations: Introduction to asset management software tools and IoT applications.
• Group Projects: Collaborative projects to apply learned concepts to real-world scenarios.