We approach all our management engagements with the same “ownership mentality” we employ at our internal properties…balance. While the maximization of asset value is a priority, it is imperative that we constantly balance the demands of that priority with short-term goals that include the delivery of outstanding work environments and a high degree of client satisfaction.
Utilities are at the convergence of the technology revolution and evolving distributed asset and business processes. When combined with persistent challenges associated with aging infrastructure, an aging workforce and increasing regulatory requirements, today’s utility leaders must identify how to maintain organizational stability, reliability and financial performance.
Holistic enterprise asset management capabilities enable clients to align their people, processes and technologies around strategic objectives and performance outcomes. The benefits are significant and include reduced costs and risk, as well as enhanced customer service and satisfaction, among others.
LGC asset management capabilities span from single asset evaluation to enterprise optimization and efficiency, combining technical solutions with industry organizational best practices. Specific services include:
• ISO 55000 assessment and implementation.
• Enterprise Asset Management system implementation or optimization.
• Capital Prioritization.
• Risk Management.
Asset management enables utility leaders to understand and apprehend the value of assets in the achievement of their organizational objectives in a manner that balances financial, environmental and social costs, risk, quality of service and performance related to assets.
Good practice asset management focuses on balancing performance, cost and risk. Over the course of the past decade, LGC has developed an innovative budget prioritization and application process that uses advanced analytics to quantify and optimize planning outcomes that explicitly take into account uncertainty and risk.