Optimising Asset Risk Profiles by Balancing Investment Requirements with Skills Availability

Abstract

Many distribution network operators are facing increasing regulatory pressures to maintain or reduce the risk levels associated with their infrastructure assets. As well as budgetary constraints, the industry has the additional challenge of a diminishing number of skilled workers as high numbers of the workforce approach retirement. Hence, a means of balancing investment needs with the resources available enables asset managers and decision makers within a network operator to plan a sustainable asset management strategy with an understanding of the future skills requirements within the business.