Oracle upgrades utilities planning module

Enhancements include enhanced asset assessment, capital planning

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Oracle upgrades utilities planning module
By  Stephen McBride Published  September 15, 2014

Oracle Corp this week announced the availability of Oracle Utilities Work and Asset Management 1.9.1.2, which the company said comes with more than 40 feature enhancements.

The solution is aimed at utilities organisations, focusing on streamlining work planning processes to "support a continuous cycle of improvement for job plans to mitigate job delays", according to a statement from Oracle. 

Enhancements within the suite's "failure mode and effects analysis" tool include both preventive maintenance plans and corrective action work templates, allowing utilities to identify what failures their preventive maintenance programme is attempting to mitigate, and the corrective action that matches a specific type of failure. Additionally, the Oracle tool allows users to associate failures with specific components within an asset to ensure utilities can document and develop more comprehensive maintenance strategies.

Version 1.9.1.2 also offers enhanced asset condition assessment functionality to support capital planning. Utilities can now automatically calculate a total asset condition score based on multiple inspection assessments to give "a more accurate picture" of an asset's health and life expectancy (for example, calculating how much more quickly an asset will fail in a highly corrosive environment).

"Today's electric, gas, and water utilities are recognising the need to approach work planning and asset management with end-to-end visibility and control," said Rodger Smith, senior vice president and general manager, Oracle Utilities.

"Oracle Utilities Work and Asset Management 1.9.1.2 helps utilities meet those objectives by enabling them to simplify the work planning process, improve job scheduling, and enhance both short-term and long-term asset maintenance decisions. Further, it helps improve employee productivity and reduce costs. Ultimately, the latest release enables utilities to improve service through work planning and asset optimisation."

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