Condition based risk management (CBRM) — enabling asset condition information to be central to corporate decision making

CBRM is a process developed by EA Technology in conjunction with several major electricity companies [1–4] to assist with the tasks of defining, justifying and subsequently targeting spending to achieve defined levels of performance. The process has already delivered major benefits. If fully embraced, it can become the basis for effective asset management programmes that address the critical issues of renewing networks and maintaining reliability within the ever more stringent regulatory environment.