Oracle Utilities adds ‘confidence rating’ to new asset management software


US software giant Oracle Utilities has launched a new version of its suite of applications to help energy companies manage work flows and assets.

The updated product – Oracle Utilities Work and Asset Management – has updated more than 40 features to help with planning work cycles, enterprise asset management (EAM).

Work planning process

The software company worked with US utility Seattle City Light to “identify where we could gain efficiencies in the work planning process related to the installation of mass assets for new or replacement services,” said Lesley Wilson, senior business analyst, Information Technology Services Division, Seattle City Light.

“The new Oracle Utilities Work and Asset Management features automate the process of adding hundreds of assets to the same work order task, which reduces the time we spend on routine activities so our planners can concentrate on planning critical work.”

Maintenance planning

Another customer, water treatment company Veolia also worked with Oracle Utilities to develop enhancements for the software’s maintenance planning and scheduling applications.
Robert Dannenberg, manager, EAM Application Services at Veolia Water, said: “An advanced EAM solution needs to effectively support an environment where it is easy to continually improve job plans.
“The new update contains significant enhancements that support a structured cycle of improvement for job plans, including the ability to locate work order templates associated to like-assets based on shared bill-of-material records, and the ability to link both preventive maintenance plans and corrective action work templates to equipment class and type failure modes.”

Confidence rating

The software also claims to offer enhanced asset condition assessment functionality to better support capital planning.
Utilities can calculate a total asset condition score based on multiple and varied inspection assessments to give a more accurate picture of an asset’s health and life expectancy, such as how more quickly an asset will fail in a highly corrosive environment.
In addition, utilities can automatically derive a “Confidence Rating” based on the age of the condition assessments performed within the system. These new features combine to help utilities better track, evaluate, and make informed asset-repair or -replace decisions.