Introduction: Asset management is a core capability for National Grid to enable optimal management of its assets across the whole life cycle. National Grid is committed to enhancing its asset management capability. It was the first utility in the world to gain BSI PAS 55 certification and is actively involved in developing asset management practice both internally and externally e.g. through leading and participation in Institute of Asset Management projects. National Grid sponsored and was an active contributor to the MACRO project and has extensive experience both developing and using asset management decision support tools.

Objectives: SALVO is a project to research and develop innovative approaches to decisionmaking in the management of mature assets. SALVO aims to develop simple, flexible and practical guidance and tools for determining what to spend and when in common, yet critical, decision scenarios.