Chris Goodhand, Innovation Manager (01977 605641)
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Innovation Funding Incentive
Comms & IT
The project is to develop a load related risk methodology. The
objective is to assess the suitability and robustness of the methodology
to meet business needs and regulatory reporting requirements.
Given that NPG have already put considerable effort into developing
asset health indices and load indices, they welcome the chance to build
on existing work incrementally so as to extend Condition Based Risk
Management (CBRM) techniques so that they also consider load. NPG see this as
an important step forward in improving the quality of their asset
There is also a clear regulatory expectation to
develop tier output measures and this project ensures that NPG do so in
a considered way. That is, NPG research and explore the issues before
committing themselves to any final product. By utilising a load related
risk methodology as a decision support tool NPG anticipate improved
targeting of investment across their entire investment plan.
The project will seek to develop a load related risk methodology and also
implement this methodology in a trial application which uses data and
information from a sample of the NPG network. A prototype will be
implemented to demonstrate potential practical applications.