ENMAX Avoids $13M in Risk Through Data‑Driven Reliability with Cordant™

Executive Summary

ENMAX partnered with Baker Hughes to build a robust reliability program with Cordant™ Asset Strategy. By centralizing asset strategies and enabling risk-based decision-making, ENMAX achieved $13 million in risk avoidance and is now expanding its digital journey with Asset Health as a Service (AHaaS). They are currently exploring the full Cordant™ Asset Performance Management suite to unlock further value through advanced analytics and integrated reliability solutions.

Challenge

ENMAX’s Reliability Engineering team faced a significant mandate: deliver $4–$7 million in savings from avoided downtime and spare parts by 2023. This required a structured approach to managing risk and improving plant reliability while minimizing unplanned outages. The challenge was compounded by the need to answer strategic questions from leadership, such as, “What is the cost of driving reliability from 99.5% to 80%?” These questions demanded data-driven insights and a robust reliability framework that could support informed decision-making across the organization.  

Solution

To address these challenges, ENMAX implemented Cordant™ Asset Strategy as the foundation of its reliability program. The solution provided a comprehensive toolkit, including Failure Modes, Effects, and Criticality Analysis (FMECAs), a centralized Risk Register, and a Criticality Assessment framework. These capabilities enabled ENMAX to identify asset-specific risks, evaluate mitigation strategies, and prioritize actions based on impact. The optimization engine supported risk-based decision-making, while integration with Maximo created a feedback loop between asset strategy and performance. Additionally, the Component Library allowed ENMAX to store and manage strategies consistently across its asset base. This approach built a scalable reliability framework that aligned with ENMAX’s operational goals.

Results

The implementation delivered measurable value. ENMAX’s plants achieved approximately $13 million in risk avoidance, based on $14.7 million in recommendations generated through the Asset Management process. Impressively, 89% of these recommendations were accepted, reflecting strong organizational alignment and confidence in the solution. Beyond financial savings, ENMAX gained improved visibility into asset risk, streamlined decision making, and established a foundation for future digital growth.