ASSET PERFORMANCE MANAGEMENT WITH ADVANCED ANALYTICS

IPS Asset Performance capability is world-leading, with highly advanced software and analytics to accurately assess Asset Health and predict Asset End of Life, calculate What-If analysis and Capex and Opex optimization.

IPS-SYSTEMS™ IN MOTION

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KEY FACTS AND FEATURES

of APM with Advanced Analytics

Powerful integration capabilities

IPS EAM System and APM Systems are strongly tied together.

Unlike all other analytics modules from other Vendors with isolated modules (i.e. not directly correlated with main EAM), IPS APM functionality is just an extension to EAM and directly connected to planning, scheduling, Asset Investment Planning (AIP) and Reliability Centred Maintenance (RCM)

Asset Performance Benefits

– Improves Performance of Assets
– Reduces Costs of maintenance and inventory
– Reduces Risk of operating Assets

Health Index calculation

Also referred to as Health Score, the Health Index is calculated based upon several calculated factors including Location, Duty, Observed Condition, Measured Condition, Reliability, and Age. The Observed and Measured Condition factors are an aggregate of the Condition Indexes of the subcomponents of the asset. For example, a Power Transformer condition factor would be calculated based of the indexes of the Bushing, Cooling, Oil, Paper, and Tank.

Probability of Failure calculation

The Probability of Failure (Pof) is a function of the Health Index (HI) and Age. It is calculated on an exponential curve where the higher the HI goes, the greater the forecasted aging rate, leading to a higher future health score based on deterioration, resulting in a higher probability of failure. Note: The PoF is not calculated until the HI passes a predefined threshold.

End of Life prediction

Criticality can be derived from many factors such as cost of replacement, network disruption, environmental impact, and many more. The IPS system allows the user to configure any relevant logic to assign criticality to assets.

Criticality analysis

Criticality can be derived from many factors such as cost of replacement, network disruption, environmental impact, and many more. The IPS system allows the user to configure any relevant logic to assign criticality to assets.

Risk estimation

The Risk Value is based off the Probability of Failure times the Cost of Failure

Activity Prioritization

Each asset will have a risk index based on condition and criticality of the asset. The higher the risk index, the higher the priority for maintenance actions.

Budget Prediction

By assigning resources to the maintenance concepts, IPS can use analytics to estimate what the budget will need to be for maintenance optimization. Combined with CAPEX/OPEX simulation, IPS will be able to offer estimated predictions for both Capital and O&M budgets.

Warehouse Optimization

By optimizing Maintenance vs Refurbishment vs Replacement, IPS can assist in warehouse optimization by identifying when you will need to order replacement parts and replacement assets.

Performance Overview

IPS can provide aggregation of the analytics for complex objects such as substations or lines, providing a performance overview at the Facility (station or line), Region, or even Grid level.

Master Analytical Library

IPS has the largest specialized analytics library for electrical power systems available on the market. This library is constantly being improved, extended, and shared with our customers.

Implementation of standards

(e.g. UK DNO Network Indices Standard, IEC, ANSI)

External data integration

Bridge to various systems (e.g. EAM/ERP System, SCADA, Monitoring, GIS, PI Historian)

TRANSFORM YOUR BUSINESS

CURRENT SOLUTION has a lack of data integration from external sources (e.g. monitoring solutions).
IPS SOLUTION delivers SmartGridDITM, a configurable interfacing platform capable of receiving data from almost any source (e.g. SAP, MAXIMO, Ellipse, Asset Suite, SCADA, PI Historian, SQL Server, Oracle, DB2, Access, Excel, XML, txt).
CURRENT SOLUTION solution does not support risk-based prioritization of activities.
IPS SOLUTION allows you to adjust the maintenance strategy by choosing between Low Risk/High Cost, High Risk/Low Cost, or an Optimized Strategy in between.
CURRENT SOLUTION does not support optimization of CAPEX and OPEX.
IPS SOLUTION provides support of tracking CAPEX and OPEX utilizing analytics to predict when assets become less expensive to replace than to maintain.
CURRENT SOLUTION uses overly complicated yet less than accurate performance overview of your asset portfolio.
IPS SOLUTION delivers ready to use and easily configurable dashboards and reports allowing a performance overview at any desired level (station, region, asset group. Etc.).
CURRENT SOLUTION does not provide a central repository for all asset condition data and measurements.
IPS SOLUTION delivers access to the world’s largest out of the box analytical library for electrical power systems.
CURRENT SOLUTION does not provide an efficient calculation for quantity of strategic spares and warehouse material.
IPS SOLUTION includes strategic spares and warehouse optimization based on advanced analytics.
CURRENT SOLUTION No current EAM solution.
IPS SOLUTION can provide EAM solution with included APM.
CURRENT SOLUTION EAM solution (e.g. SAP, MAXIMO) lacks condition monitoring and Asset Performance Analytics.
IPS SOLUTION can extend existing EAM (e.g. SAP, MAXIMO, etc.) with APM.
CURRENT SOLUTION requires time-consuming creation of the asset management investment plan.
IPS SOLUTION offers automated asset management investment planning.
CURRENT SOLUTION requires complicated calculation of end of life simulation of assets.
IPS SOLUTION includes out-of-the-box simulation of end of life of all assets through advanced analytics.
CURRENT SOLUTION requires time-consuming manual data collection and management.
IPS SOLUTION allows automated test result imports from various test devices (e.g. Omicron, Doble, Megger, Vanguard, ELCON).
CURRENT SOLUTION does not efficiently support budget allocation because it is lacking asset performance information.
IPS SOLUTION supports optimized Maintenance and Asset Planning based on advanced analytics and dynamic maintenance concepts.
CURRENT SOLUTION does not provide predictive analytics, not supporting optimal preparation for future circumstances and constraints.
IPS SOLUTION provides embedded predictive analytics for your entire asset portfolio.
CURRENT SOLUTION requires customization and code changes to fit your needs.
IPS SOLUTION delivers extensive configuration abilities, from redefining visible fields to creating your own analytics.
CURRENT SOLUTION does not support automated notifications, nonexistent or clumsy alert system.
IPS SOLUTION provides easily configurable and conditional notifications like Email, SMS, Desktop Alerts.
CURRENT SOLUTION requires resource and time-consuming implementation time.
IPS SOLUTION provides streamlined implementation time through standardized analytics.

REQUIRED MODULES

MINIMUM REQUIREMENT:

IPS-ENERGY™

IPS-ENERGY™ CORE

(Asset register)

IPS-ENERGY™ EXECUTIVE

(for Test and Maintenance Results Repository)

IPS-ENERGY™ ENTERPRISE

(Only if Work Ordering and Interfacing with ERP system are required)

MINIMUM REQUIREMENT:

IPS-SmartGridDI™

IPS-SmartGridDI™ CORE Edition including:

– DI-ACTIONS™ (For definition and running of the conditional actions)
– DI-SPY™ (For definition of the data sources and interfacing)
– DI-ADMINISTRATION™ Defining User rights, User data, setting and configuration of the module.

IPS-SmartGridDI™ EXECUTIVE Edition including:

– DI Analysis (For definition and running of the analytics)
– Core edition is obligatory for this Edition

IPS-SmartGridDI™ ENTERPRISE Edition including:

– DI-PUBLISHER (For definition and running dashboards and reports)
– CORE and EXECUTIVE Editions are obligatory for this Edition.

OPTIONAL:

IPS-WebSuite™

IPS-WebSuite™

– Global availability: browser + internet = access
– Minimization of IT maintenance
– Optimized for low performance hardware, like tablets, smartphones, etc.
– Light weight application which offers simplicity for a specific kind of user
– True platform independence
– No complex data synchronization between server and clients
– Available for almost all IPS-EPIS™ and IPS-ENERGY™ module groups.

This solution can be combined with any or all of the other IPS Solutions

IPS-WebSuiteTM (Required server-side components, but not licensed separately for publisher use)
Publisher (to display the dashboards created in DI-PUBLISHER)