Asset Performance Management
asset performance management Overview
Maximize your business’ potential with Asset Performance Management (APM) solutions from Danovo Energy Solutions. APM offers a strategic approach that provides actionable insights and innovative solutions to optimize operations and maintenance. APM enhances visibility into your systems, offers segmented and dashboard-driven data, and helps optimize maintenance activities and prioritize capital investments for more effective decision-making.
Partner with Danovo Energy solutions for asset performance management (APM) Solutions
With over four decades of APM specific expertise, our personnel have hands-on experience in all aspects of APM. This includes strategy, tactical deployment of solutions, and integrating the results of these solutions into day-to-day processes related to asset maintenance planning, asset renewal, and asset investment planning. Our experts have conceived APM solutions, successfully built commercial off-the-shelf solutions, and deployed them in Asset Performance Centers at some of the largest electric utilities in the world. The oldest and world’s largest APM solution has been in production since 2015 and was designed as well as built by our experts, who have worked on both the vendor and utility sides of the business, bringing together a complementary set of skills.
Our Unique Qualifications
Danovo Energy Solutions is uniquely qualified to be your APM partner because we:
- Have a deep understanding of the business — our experts understand power systems and the assets that make it work.
- Think of holistic solutions — our experts bring experience from Planning, Operations, Maintenance, IT and Asset Management.
- Build integrated solutions — our experts have hands-on experience in implementing integrated APM solutions.
- Understand technology — our experts have worked with various technologies dealing with sensors, monitors, communications, software architecture.
- Know the APM market, vendors, and their solutions — our experts know who does what, how, and how well.
Use Cases
Unlock the full potential of your business with our cutting-edge use cases that offer actionable insights and innovative solutions. Whether you’re looking to optimize operations, improve visibility into your system, or prioritize capital investment, our use cases help with that roadmap. Download now and see how you can transform your strategy with our proven success stories.
Our APM Services Support You Every Step of the Way
Expert solutions for your risk management needs:
- Digitalization and monitoring strategy with road mapping
- Technology and best practices benchmarking
- One-stop-shop: owner’s engineer services
- ACrA™ Asset Criticality Assessment Solution
- Software services
- Model development (using AI/ML)
- Data analytics (failure prediction and insights) using AI/ML
- Project implementation
What is Asset Performance Management (APM)?
APM is a strategic approach that encompasses a variety of processes, standards, and technologies. The primary purpose of APM is to monitor, assess, maintain, and invest in critical (physical) assets that are essential for business operations.
In the realm of a Transmission & Distribution (T&D) utility, the main objective of the business is to deliver electric power to customers in a safe, secure, reliable, and economic fashion. Physical assets comprise of substation equipment, T&D lines, and other ancillary equipment.
Benefits of Asset Performance Management
An Asset Performance Management solution offers several benefits.
Here are a few advantages to consider, with more to discover when partnering with Danovo Energy Solutions:
Why is Asset Performance Management Needed?
Asset Performance Management plays a crucial role in guiding asset investment towards remedial actions. This involves identifying and addressing the needs of critical assets to ensure their optimal performance. Here are the key steps of Asset Performance Management for asset investment:
- Identify assets that need remedial action for: maintenance, refurbishment, and replacement.
- Determine the remedial actions for each asset: what action is needed? When is the action needed? What happens if remedial action is taken or not taken as recommended?
- Align investments with the risk of failure: investments must be aligned with the underlying risk of failure per the “line of sight” principle as outlined in the ISO 55000 Standard.
Contact us to learn more about Asset Performance Management