2019 - Asset risk framework

The work undertaken in 2018/2019 marked the beginning of the Company adopting an asset risk framework that would be used to allocate asset health indices to each class of asset that was installed on the network. Historically the Company would be replacing its assets based on economic life as opposed to condition.

The asset inspectors were continuing their field data capture program but now the processes were becoming more automated, and the element of subjectivity was being removed from the decision-making process. The system was running a series of decision-making steps based on the input data.