Asset Management

Maven Consulting provides a wide range of professional services to the electricity generation, transmission and distribution industries. Our primary focus is to help our clients achieve their project goals. One way we do this is through our utility Asset Management services. Asset management programs for electric utilities are essential to achieve a level of performance out of the asset base while managing risk at an acceptable cost.

The foundation of Maven’s asset management practice is our depth of experience, research, and awareness of asset management best practices used by electric utilities across North America including artic climates.

Maven uses tools such as the CEATI asset management Maturity Matrix to identify the elements of a comprehensive asset management program and to evaluate the organization’s current systems. A gap analysis can be created and then priority assigned to the most important elements of the asset management program to be improved.

Our Services

Maven asset management services involve:

  • Strategy and Leadership
    • Holistic methodologies of ISO 55000, and SAMI Asset Health Triangle
    • Assist Senior Management to develop an asset management strategy and plan
    • Strategic asset management driven by the Corporate Strategy and Mission
    • Integrated Management Approach
    • Corporate and asset risk
    • Non-integrated systems
  • Methodology and Technology
    • Current state assessment
    • Change Management Approach
    • Utility and Asset Information Management
    • Asset management, EAM, CMMS, ERP IT systems
    • Workflow roles and responsibilities
    • Planning cycles
  • Assessment and Decision Support
    • Condition Assessments
    • Root Cause Analysis
    • Outage and Failure records analysis
    • Business and Project Controls KPIs
  • Maintenance Programs
    • Maintenance instructions
    • Maintenance practices (Preventive, condition based and corrective).
    • Reliability Centered Maintenance (RCM)
  • Capital Programs
    • Multi-Year Project Prioritization
    • Asset Life Cycle Management
    • Repair vs. replace recommendations
    • Justification and Rate Case Defence


Find out how our team can deliver trusted, reliable, cost-effective solutions for your project.