Number: 1177092
Country: United Kingdom
Source: TED
Contract for the provision of Asset Risk and Investment Optimization Decision Support System.
Northern Gas Networks (NGN) has an ambition to implement a best practice asset management decision support system, to manage the inherent risk in our assets and to optimise investment planning and strategic decision making.
NGN has an ambition to implement a best practice asset management decision support system, to manage the risk inherent in our assets and to optimise investment planning and strategic decision making.
As a minimum NGN requires the system to deliver:
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A holistic risk assessment methodology that enables risk trade-off for both network and non-network assets.
Assessment and reporting of monetised risk across the asset base, consistent with the Network Output Measures methodology.
Visibility of NGN"s service and asset risk position calculated using the monetised risk approach.
Asset based cost benefit analysis, which is capable of being optimised over a 45 year planning period.
Capability to solve optimisation problems that feature multiple constraints over time (e.g. cost, health, service, resource, and region).
Capability to select different objective functions for the optimisation process (e.g. least whole life cost, minimum risk value, maximum net present value).
Whole life asset management planning that is able to incorporate and assess emerging risks and costs through to project delivery and includes assessment and feedback of residual risk.
Ability to perform economic valuation of investment options using valuation functions developed with NGN.
What-if scenario analysis incorporating our key business outcomes and performance indicators.
Prediction of the short, medium and long-term cost, risk and impact of expenditure scenarios using whole life-cycle costing principles.
Functionality to utilise existing or new models, (such as probability assessment, network flow or pressure models) to inform service performance and cost forecasting for the management of our assets.
The ability to interact with existing NGN systems, models and data sources e.g. SAP, GIS, Synergi, including the ability the ability to integrate and feedback into SAP.
An intuitive user interface.
State of the art reporting and visualisation of the network and optimisation outputs and an ability to create reports/interfaces for different user types.
Ability to link multiple risks and interventions in order to understand the optimal balance of risk and expenditure for the company over multiple time periods.
Ability to undertake performance and cost forecasting across the asset base understanding implications on Total Expenditure and the resulting risk position based on each.
It should also:
Be fully configurable to represent NGN"s assets, including non-network assets.
Allow for the capture of all asset types and attributes.
Be able to analyse over 2,000,000 individual assets at both individual asset level and grouped together scheme level.
Inform maintenance planning and risk impact.
Align to the requirements of ISO 55001.
Align to the fundamentals of the UK Government Treasury Green Book approach to cost benefit analysis.
Other considerations that this project will need to understand include:
Technical implementation of the system and process for the revised asset management process.
Data cleansing and data validation.
Model development to enable performance and cost forecasting.
Communicating and embedding business change within the organisation.
Training colleagues on risk and asset management principles and their application.
