No electric utility intentionally operates substation equipment to the point of failure but many struggle with management of planned maintenance of these assets. This course begins with definition of Substation Asset Management (SAM), explains the benefits, then moves to the components of such a program. Attendees will learn the ground level data basis such as equipment inventory, maintenance schedules, work order systems and management of internal and external resources. Discussions include the cost/benefit of equipment monitoring and O & M vs. Capital Expenditure. Understanding the financial aspects of SAM is key to acceptance by the leadership within an electric utility organization.