Abstract

Planning of Facilities and Asset Management for an Integrated Township

Author(s): J. Rajprasad, T. L. Abinaya and V. Tamilarasu

Indian Construction projects suffer from cost and time overruns that are typically a symptom of wastage and productivity problems which directly affect overall industry profitability and economy. Today’s economically developed nations had also faced these problems as a result, researches and methodologies have been developed to reduce the risk of overruns and improve project outcomes. Deregulation and an increasing competition in construction markets urge energy suppliers to optimize the utilization of the facilities, focusing on technical and cost-effective aspects. As a respond to these requirements utilities introduce systems formerly used by investment managers or insurance companies. It describes the usage of these methods, particularly with concern to asset management and risk management within electrical grids. The essential information wanted to set up an appropriate asset management system and differences between asset management systems in planning and implementation stages are discussed. The objective of the life management process is the optimal consumption of the remaining life time regarding a given reliability of service and a constant distribution of costs for reinvestment and maintenance confirming a suitable return