Distribution asset risk dynamic warning and coordination management

In 2011, "7.23" Yong-Wenline high-speed rail accident resulted in a large loss of life and economy. Significant social impact brings a problem: high speed of development seen as \´success\´? Power industry, similar with railway industry, is growing fast in recent years. It is important for Power Company to strengthen the distribution asset risk management. Qingpu electric power Distribution Company establishes a quantitative risk assessment model based on risk management standards of the International Electrotechnical Commission( (IEC3 101 0 risk management risk assessment, technical standards) ) and the research of the State Grid. The result of risk assessment can be applied to distribution network life cycle management, which includes designing, planning, procurement, construction, operation and maintenance,disposal , according to the framework of PAS55. Thus, an overall risk management system is established. Risk assessment model includes risk identification, analysis and assessment. Each potential event can be identified by analyzing comprehensive information of climate, operation environment, load, asset condition, construction/maintenance/operation plans , etc. The output of risk assessment model is a quantitative result. After defining scope of risk and determining level of risk, a dynamic warning will be provided. Qingpu electric power Distribution Company optimizes the risk management strategy. A cross-sector risk control mechanism is set out, involved several departments including maintenance,operation,planning, construction,procurement. Different risk control measures are taken to different level risk. Risk management system help company to enhance the overall capacity of distribution asset risks control and improve asset management performance.