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Whole Life Cost Models – Building Models that Support Asset Class Strategy for Critical Assets Within our Transmission System

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Content Description
Original date: 
Tuesday, September 12, 2023
Abstract: 

This presentation will provide a detailed look at how Manitoba Hydro builds and applies whole-life cost models for the purpose of projecting performance, cost, and risk for an asset class. The application of predictive analytics, through the use of these models, will be discussed as it relates to a single asset class, to mature Manitoba Hydro’s asset management strategy.

BoK Content Source: 
MainTrain 2023
BoK Content Type: 
Presentation Slides
Video
Asset Management Framework Subject: 
01 Strategy & Planning, 1.00 Strategy and Planning General, 1.04 Strategic Planning, 1.05 Asset Management Planning, 2.01 Capital Investment Decision-Making, 2.03 Lifecycle Value Realisation, 6.01 Risk Assessment & Management, 6.02 Contingency Planning & Resilience Analysis, 6.05 Assets Performance & Health Monitoring
Author Title: 
Asset Advisor
Author Employer: 
Manitoba Hydro - Head Office
Author Bio: 

Travis Lavallee is a professional engineer with 15 years’ experience in asset management, project management, design, planning, and maintenance of hydroelectric utility infrastructure. He has a Certificate in Asset Management from the Institute of Asset Management and a B.Sc. in Electrical Engineering from the University of Manitoba. He is currently leading the development of the asset class strategy for transmission line structures at Manitoba Hydro, in addition to providing asset lifecycle decision-making capabilities for a range of transmission, distribution, and generation assets.

Author 2 Title: 
Asset Advisor
Author 2 Employer: 
Manitoba Hydro
Author 2 Bio: 
Daymond Gauthier is a mechanical engineer with 28 years of experience in asset management, design, project management, and maintenance in hydro, consulting, manufacturing, and mining. He is a co-author of the Best Practice Guide for the Operation and Maintenance of Cranes and Lifting Equipment, published by CEATI. Daymond holds a certificate from the Institute of Asset Management, and he graduated from the University of Manitoba. Daymond’s area of expertise is asset lifecycle investment decision-making for generators and turbines at Manitoba Hydro.