High stakes, low levels of data
Babcock had a comprehensive list of requirements for the Asset Risk Investment Model. An important consideration was that Devonport is a regulated nuclear site, so our approach would need to support the high level of scrutiny that would result.
The diversity of assets is vast: electrical systems, train lines, moving cranes, railway lines, buildings, docksides themselves, and many more. Many of these include unique, bespoke assets that require special maintenance and knowledge from the engineers to understand.
Previously Babcock had a mainly reactive approach, relying on inspections to assess the condition of the assets and responding to the most urgent things first. Most of the historical data we received mainly from such inspections: it wasn’t consistent and was often subjective, and there was a limited amount of detailed data for the size of the asset portfolio. This presented a challenge we had to overcome.