What is the true cost of maintaining assets and how do we get this better reflected in the regulatory decision making process?
We are currently working on the approach to answering this Big Question, and more information will be given here soon.
The areas that this Big Question covers includes:
- Understand how to manage and maintain ageing assets in an effective and affordable way
- Efficient asset optimisation and operation
- Keep our costs as low as possible and deliver an affordable service
Once we understand where the gaps are, we will produce a route map – this is a plan as to how we will answer our Big Question.
The route map will have a number of key elements. At the top will be our Big Question and then we will look to see what Outcomes we need from the research programme -if we can achieve all these outcomes we can answer the Big Question. This is the stage we are currently at for this Big Question.
The next stage will be to think about the key benefits we want the research projects to deliver to meet these outcomes.
Following this, we will plan the research projects to help deliver the benefits.