Best Practices

Best Practices in physical Asset Management include the reviewing the asset inventory, preparing an asset inventory and system map, adjusting the asset inventory, developing a condition assessment and rating system for each asset, assessing remaining useful life of the assets, and determining asset values and repair/rehabilitating/replacement costs.

Modern Technologies in a Revolutionized Maintenance Practice

Leave a Comment / Asset Register Management, Best Practices /

The shift from traditional paper-based maintenance systems to advanced asset management solutions marks a transformative leap in operational efficiency and strategic oversight. Legacy record-keeping methods—plagued by manual data entry, cumbersome documentation, and inefficiencies—often led to errors and missed opportunities for optimization. Today, modern technologies such as real-time data analytics, predictive maintenance algorithms, and AI-driven automation […]

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Transforming Maintenance Management: From Paper to Lifecycle Asset Management

Best Practices /

In today’s fast-paced world, efficient asset management is crucial for organizational success. Agulhas Utilities Corporation is at the forefront of this transformation, helping organizations and local governments shift from traditional paper-based maintenance management systems to cutting-edge Lifecycle Asset Management (LAM) systems. In this blog post, we’ll walk you through the steps of this transformative journey.

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Utilities—Strategic Management, KPIs, and Budgeting

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Effective management of utility services is crucial for maintaining reliability, efficiency, and sustainability. This article, “Utilities—Strategic Management, KPIs, and Budgeting,” is designed to provide you with a comprehensive understanding of strategic management principles tailored to the utilities sector. You will explore key performance indicators (KPIs) essential for monitoring and improving utility operations. Additionally, you will

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Zero-Based Budgeting for Optimal Control

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Budgeting is an essential aspect of financial planning, whether it’s for individuals, organizations, or governments. It’s crucial in managing resources effectively and ensuring that expenditures align with available funds. Among the various budgeting methods, Historically Based Budgeting (HBB) and Zero-Based Budgeting (ZBB) are the most used approaches. Each method has distinct philosophies, processes, and outcomes,

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Implementing Modern Asset Management Technologies

Evaluation Criteria for Electricity Tariff Increases

Best Practices, Power Quality Matters /

Understanding the criteria for evaluating electricity tariff increases is essential for ensuring fair and equitable pricing within the energy sector. This comprehensive guide covers the key factors that regulators and utility companies consider when assessing proposed tariff adjustments. You will explore the economic, social, and environmental impacts of tariff changes, as well as the methodologies

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Addressing Ongoing Concerns: The State of My Complaint Against City Power Johannesburg

Best Practices, Power Quality Matters /

I am compelled to bring attention once more to the unresolved and dishearteningly poor service I have experienced with City Power Johannesburg. Despite my formal complaint to the National Energy Regulator of South Africa (NERSA) on April 15, 2024, my concerns have languished without effective resolution. The lack of substantial action to address the significant

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NERSA’s Role in the Electricity Sector: A Critical Examination

Best Practices, Consulting Services, Power Quality Matters /

Introduction The National Energy Regulator of South Africa (NERSA) plays a pivotal role in regulating and overseeing the electricity industry. However, recent events and historical practices raise questions about the effectiveness of NERSA’s mandate. In this blog post, we delve into NERSA’s licensing process, tariff approvals, and complaint handling. Licensing Challenges NERSA’s primary responsibility includes

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Navigating the Challenges of State-Owned Enterprises through Innovative Asset Management

Asset Register Management, Best Practices, Consulting Services, Physical Asset Management /

State-Owned Enterprises (SOEs) and government institutions face numerous challenges, from inadequate policies and funding to ineffective leadership and corruption. The deterioration of public facilities and infrastructure compounds these issues, posing risks to public safety and necessitating extensive restoration efforts. Adopting innovative approaches that prioritize citizens and customers is crucial to overcoming these challenges. Asset Management,

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How to Transform Asset Management

Best Practices, Consulting Services /

My Journey in South Africa’s Power Sector Early Career at Eskom (1974-1975) In the heart of South Africa’s power sector, my career began with an eye-opening experience at Eskom, the nation’s primary electricity supplier. From October 1974 to May 1975, I was immersed in the practical aspects of power distribution and transmission, gaining firsthand knowledge

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Dive into The State of Asset Management in South Africa

Best Practices, Consulting Services /

Transforming Asset Management—A Path to Sustainable Infrastructure Introduction: The Road to Better Asset Management In 2005, South Africa took a crucial step in improving its asset management practices. A decree was issued requiring each government department to maintain two separate asset registers: a major asset register for assets valued over R5,000 and a minor asset

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