WEBINAR 04: Calculating Asset Health and Risk using CNAIM: Part 3 - Probability of Failure | EA Technology
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WEBINAR 04: Calculating Asset Health and Risk using CNAIM: Part 3 - Probability of Failure

  • 01 November 2023

  • EA Technology

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Wednesday 6th December 2023: (12:00 GMT /13:00 CET)

This webinar explores the calculation of the CNAIM methodology from the Current Health Score up to the Probability of Failure. This includes the predictive algorithms that enable users to forecast Asset Health into the future. We will break this down into the following modules:

  • Future Health Score

  • Probability of Failure

The webinar will consider the asset input data, the algorithms, and the calibration data. We will demonstrate the processes with worked examples and discuss how different inputs could be used to localise the methodology for use in non-British environments and for other asset types.

This interactive webinar will last for around 50 minutes with time at the end for questions and answers.

Key Takeaways:

  1. Understand the input data used to create the Probability of Failure and the Future Health Score.

  2. Explore the algorithm process and understand how the calibration operates.

  3. Assess how to apply algorithms to other environments and asset categories.

Presenters:

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Joanne Peacock
Head of Asset Investment Management
Joanne Peacock

Head of Asset Investment Management

Joanne is a principal consultant and Head of Asset Investment Management at EA Technology with over 20 years of experience working with asset management solutions. With a background in data modelling and management, she has worked with over 60 electricity network organisations across the globe helping them get the most from their asset data by turning it into health, performance, consequences of failure and risk. From this base modelling she then guides customers through the process to predict future performance and the optimisation of asset investments. Joanne has led a diverse range of projects from consultancy works through to fully integrated holistic software solutions. She has led many developments within asset modelling including short, medium, and long-term investment scenarios, asset result reporting and data evaluation and analysis mechanisms. Most recently, she led the implementation of the Common Network Asset Indices Methodology (CNAIM) version 2.0 for Great Britain’s distribution network operators.

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Chris Given
Strategic Bid Manager
Chris Given

Strategic Bid Manager

Strategic Bid Manager

Safer, stronger, smarter networks

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