Asset Management
Strategy
MainPower’s Asset Management
Strategy has been developed to
deliver on our asset management
policy objectives, which provide the
link between the Asset Management
Policy and the asset management
plans that describe how those
objectives are going to be achieved.
Our asset management policy
objectives are:
• Develop and maintain effective
Asset Management Systems
with commitment, accountability
and involvement across the
organisation;
• Apply key sustainability
priorities focused around safety,
environment, people, culture,
community and customers;
• Understand and respond to our
customers’ requirements;
• Use our skills and expertise to
continually improve the quality,
reliability and security of supply to
customers and level of customer
service;
• Recruit, train and develop staff to
effectively manage our assets in a
sustainable way;
• Ensure appropriate facilities, plant,
equipment and supervision is
provided;
• Utilise effective work planning
and control;
• Apply a life cycle approach to
asset management;
• Use our risk management
framework to systematically
identify hazards and assess and
control risks associated with
those hazards;
• Continuously improve our asset
management effectiveness;
• Seek out new technologies to
improve network efficiency and
allow the network to adapt to
expected future demands.
Safety
Service Levels
Prioritising safety means providing a
safe, reliable network and a healthy
work environment. Following a
review of our work practices and
processes, we have identified
new workplace and public safety
indicators to help improve our safety
performance. Monitoring these key
measures will enable us to assess
our safety performance and lead to
continual improvement.
The implementation and
achievement of MainPower’s asset
management strategy and asset
management objectives is achieved
by defining key performance
indicators and setting performance
targets for each indicator.
To improve safety performance we
will establish systems to manage
and monitor:
• The frequency of public safety
incidents from our assets;
• Public safety KPIs that are being
developed by the Electricity
Engineers Association;
• Compliance with the Electricity
(Safety) Regulations safety
management systems for public
safety;
• Assets that could pose a safety
risk to the public due to their
location or characteristics;
• The number of asset defects
identified and corrected and the
timeframe for corrective actions;
• The number of controls and
mitigations applied to high risk
assets;
• Site visits by leaders to coach and
mentor safe practices; and
• Records of consultation with field
staff during the planning of work.
Section 3 of our AMP sets out
how we have determined the key
performance indicators relevant
to the achievement of our asset
management objectives, our targets
for the planning period and how
these have been set.
Asset management service level
measures and targets are reviewed
and refined each year to ensure
they remain consistent with the
needs of our stakeholders and align
with our strategic objectives. Target
outcomes are consistent with the
development, maintenance and
renewal plans included in the AMP.
It is expected that these targets are
achievable other than in the event of
a major incident such as an extreme
storm or earthquake.