A holistic approach to the management of electrical assets within an Australian supply utility

Asset-rich organisations (utilities) within Australia have entered into an era of environmental change, imposed largely by successive Federal and State Governments wanting to exact financial returns from these State Owned Corporations (SOCs). These changes have created a shift in the paradigms within which these organisations currently operate. Long established principles are being revisited, and processes re-engineered, to allow them to implement the changes needed to obtain improved efficiencies and achieve overall business success. It is this drive to break down the barriers and practices of the past that has led to the need to develop a fundamental understanding of what it means to take a holistic approach to the management of the physical assets owned by utilities.