Lord Consulting - News
Reprinted by courtesy of ‘Energy Source and Distribution’ magazine
Successful asset management encompasses the entire organisation: not just engineering, not just IT and not just finance.
In fact, asset management is not even just about the assets themselves, but is also about the more fundamental objectives of the organisation that owns those assets. It is about using assets to achieve organisational objectives, seeking an optimal outcome for the organisation in terms of costs, performance, risk and even sustainability.
Trevor has more than 35 years experience in electrical power engineering, having worked within the plant manufacturing, power generation, mining and power utility industries. In his previous role as Principal Engineer with Western Power he was the technical specialist for power transformers and reactive plant.
Much has been written about the discipline of Asset Management that is emerging as a pre-requisite for any competent asset related organisation. In the Transmission and Distribution sector in Australia and New Zealand, many utilities have established Asset Management functions within the organisational structure and many have a nominated asset manager for all or part of the asset base but globally there is still substantial misunderstanding of just what asset management is and what benefits can be obtained.
Craig started his career in 1992 as an apprentice electrical engineering trades person with Capricornia Electricity Board before commencing further engineering studies. He joined GEC Alstom in 1997 as a Cadet Test Engineer at the Rocklea Works and from 2001 to 2013 has held positions of Test Manager and Product Quality Manager. In 2013 he commenced independent consulting.
LORD Consulting, long-established in the Australasian region and specialising in the strategic management of power industry assets for optimum life and reliability, has been joined by Mr Terry Krieg, Chairman of CIGRE Study Committee B3 -Substations.
LORD Consulting Director, Mr Trevor Lord, hails the move as a proud one for the company. "The support of Mr Terry Krieg to the organisation will greatly enhance the innovative work that LORD Consulting has been doing over the years to assist our power industry clients with the optimal management of their assets", he noted at the announcement at TechCon Sydney on April 1st. "Terry's wide focus, experience, and diverse skill set will be a major boon to the Company and a very good fit with the needs the Industry are presently facing".
LORD Consulting will also be focussing its team this year on the significant contribution to asset management and associated strategic processes that can be offered to an organisation by way of the recently-released ISO55000 standard.
"In an increasingly risk-averse industry also facing many commercial constraints into the mid-term, the attention of risk management sub-committees of Boards of Directors is firmly focussed on how innovation and strategic repositioning of present asset management methods might permit their organisations to withstand increased stakeholder and shareholder scrutiny. LORD Consulting will be contributing strongly in this space", commented Mr Lord.