Asset management independent reports

Components

Network Rail's network licence includes a condition providing for independent experts (reporters) to be appointed by the network operator (Network Rail), to provide ORR with advice on different aspects of Network Rail’s performance.

An asset management assessment framework forms the basis of the on-going development and improvement reviews carried out by the ORR to ensure that Network Rail complies with licence condition 1, asset management. In summary, the framework considers Network Rail's asset management performance, capability and maturity in the following 6 areas:

  • Strategy & planning
  • Asset Management Decision-Making
  • Lifecycle delivery
  • Asset Information
  • Organisation & People
  • Risk & Review

We are also monitoring Network Rail’s commitment to:

  • Remote condition monitoring
  • Risk based maintenance
  • Asset performance and reliability
  • Renewals and maintenance activities
  • Environment and Sustainable Development
  • Weather Resilience and Climate Change Adaptation
  • Compliance with asset policies

In certain circumstances as outlined in the Network Rail licence conditions ORR uses independent reporters to audit Network Rail’s business functions and any areas of concern.