Overview

pinnogy generates energy from renewable sources and ensures its delivery to customers’ homes. They build intelligent networks and offer innovative energy services, for example in the areas of storage technologies, electromobility and energy efficiency./p pinnogy is Germany’s leading energy company with a revenue of around €43 billion (2017), more than 42,000 employees and activities in 15 countries across Europe. /p pinnogy’s activities focus on their 22 million customers, offering them innovative and sustainable products and services which enable them to use energy more efficiently . The key markets are Germany, the United Kingdom, the Netherlands and Belgium, as well as several countries in Central Eastern and South Eastern Europe./p

Supernova Award Category

Tech Optimization and Modernization

The Problem

pInnogy was faced with the challenge of fulfilling the requirements of the ISO 55000 standard regarding asset management./p pThey needed to measure planning plus the evaluation of the corresponding risks./p pTheir Excel solution was not sufficient because of the large number of measures and the number of spreadsheets that had to be synchronised./p

The Solution

pInnogy decided to develop a customized solution with a software vendor because suitable standard solutions weren’t available in the market. Excel was used as a starting point for prototyping in the project./p pUnit4 Prevero solutions for sales and revenue planning, billing and integrated financial planning were already in use. Prevero’s proven capabilities in all areas of planning and as a trusted long time partner paved the way for becoming part of the shortlist./p pPrevero not only impressed them by presenting an effective solution for the Compliance with ISO 55000, in addition Prevero also demonstrated how the budget could be managed based on risk planning./p

The results

pThe solution provides risk-based budget management which is achieved in 4 steps:/p p- Stakeholder analysis (different authorities and organizations that influence the organisation)/p p- Risk evaluation based on guidelines which are identified in the stakeholder analysis/p p- Risk matrix considers 5 different kinds of influences with 5 different probability levels/p p- Risk map – The software not only assesses the risks, but also the planned measures. Based on a value to cost ratio (extent of risk reduction / budget needed) the risk map visualizes the prioritization of measures. The responsible person can easily decide which measures to accept and which to postpone or even step back from – except for measures that are marked as mandatory, e.g. because of given regulatory standards. This makes the risk map an innovative decision-making facilitator./p pThe system performs target/actual comparisons at regular intervals and synchronizes with the SAP system daily to receive the actuals./p

Metrics

pBefore the project, compliance with ISO 55000 could not be accomplished and measure planning was Excel-based, which made in error-prone und not easy to use./p pAfter completing the project, the demanding international standard is fulfilled via an automated process and additional functionalities are available, such as detailed assessment of every single project, no matter if it is an investment or maintenance project./p pE.g. Condition-based machine maintenance:br / Machine maintenance is not only scheduled, but also influenced by other factors, which may lead to postponing the task and therefore saves time and costs./p

The Technology

pUnit4 Prevero is an intuitive and easy-to-use Corporate Performance Management (CPM) platform with integrated BI. It enables organizations to take full control of their business planning and forecasting processes and supports them with advanced analytical and reporting capabilities. /p pFor the Innogy project a combination of the Risk Planning and Measure Planning applications were utilized./p

Disruptive Factor

pThe project has provided an innovative risk map that combines risk planning and measure planning. The solution not only helps to comply with ISO 55000 for optimized asset management but enables managing budgets based on evaluated risks./p pIt is a true model for the utilities sector and other industries operating plants and other infrastructures./p

Shining Moment

pThe solution is an effective decision-making tool for prioritizing measures and achieving savings with the least possible risk for the corporation./p pThe solution impresses all people involved because of the comprised complex business logic of the risk map and the integration of the two applications, which is an innovation in the software market./p