Industry specific software package

Tender description

NGN has an ambition to implement a best practice asset management decision support system, to manage the risk inherent in our assets and to optimise investment planning and strategic decision making. As a minimum NGN requires the system to deliver: — A holistic risk assessment methodology that enables risk trade-off for both network and non-network assets. — Assessment and reporting of monetised risk across the asset base, consistent with the Network Output Measures methodology. — Visibility of NGN's service and asset risk position calculated using the monetised risk approach. — Asset based cost benefit analysis, which is capable of being optimised over a 45 year planning period. — Capability to solve optimisation problems that feature multiple constraints over time (e.g. cost, health, service, resource, and region). — Capability to select different objective functions for the optimisation process (e.g. least whole life cost, minimum risk value, maximum net present value). — Whole life asset management planning that is able to incorporate and assess emerging risks and costs through to project delivery and includes assessment and feedback of residual risk. — Ability to perform economic valuation of investment options using valuation functions developed with NGN. — What-if scenario analysis incorporating our key business outcomes and performance indicators. — Prediction of the short, medium and long-term cost, risk and impact of expenditure scenarios using whole life-cycle costing principles. — Functionality to utilise existing or new models, (such as probability assessment, network flow or pressure models) to inform service performance and cost forecasting for the management of our assets. — The ability to interact with existing NGN systems, models and data sources e.g. SAP, GIS, Synergi, including the ability the ability to integrate and feedback into SAP. — An intuitive user interface. — State of the art reporting and visualisation of the network and optimisation outputs and an ability to create reports/interfaces for different user types. — Ability to link multiple risks and interventions in order to understand the optimal balance of risk and expenditure for the company over multiple time periods. — Ability to undertake performance and cost forecasting across the asset base understanding implications on Total Expenditure and the resulting risk position based on each. It should also: — Be fully configurable to represent NGN's assets, including non-network assets. — Allow for the capture of all asset types and attributes. — Be able to analyse over 2,000,000 individual assets at both individual asset level and grouped together scheme level. — Inform maintenance planning and risk impact. — Align to the requirements of ISO 55001. — Align to the fundamentals of the UK Government Treasury Green Book approach to cost benefit analysis. — Other considerations that this project will need to understand include: — Technical implementation of the system and process for the revised asset management process. — Data cleansing and data validation — Model development to enable performance and cost forecasting — Communicating and embedding business change within the organisation — Training colleagues on risk and asset management principles and their application.