Condition Based Risk Management

Apr 2013

Electricity Distribution

Reference:

Status: Live

Start Date: Apr 2013

End Date: Unknown

Funding Licencee(s): Electricity North West Limited

Contact: Electricity North West Innovation Team

Funding Mechanism Innovation Funding Incentive

Research Area: None

Core Technology(ies): High Voltage Technology

Estimated Expenditure: £201,000.00

Introduction: Condition Based Risk Management (CBRM) is a methodology that uses all available knowledge, experience and information relating to physical assets in order to define the present condition of the asset and then estimate future performance on the basis of ongoing degradation.

Objectives: Implementation of the Condition Based Risk Management Methodology.