Business requirements for asset performance management

The asset management environment is changing more rapidly than ever, due to external and internal changes: increase of renewable generation, electrification of transport & industry, need for cost reduction, aging assets, etc. This requires asset managers to be faster and more agile in decision making within a complex environment that contains a large variety of relevant inputs and situational business cases. Asset Performance Management (APM) systems offer the potential for more informed decisions to optimize the balance between costs, risks and performance, reported in a way that is consistent and transparent for regulators and other stakeholders.

Since this software domain is still in development, this TB provides a clear guideline for utilities on developing a consistent set of requirements to select the most suitable APM platform meeting their specific needs.