Budgeting for Maintenance: A Behavior-based Approach
This overview answers the question: “How much should I be spending on maintenance?” Budgeting for Maintenance: A Behavior-based Approach highlights the three factors that most significantly drive maintenance cost and then explains how to evaluate, using benchmark data, where you are and where you should be in your spending on maintenance.
Here are just a couple of excerpts:
“The overwhelmingly dominant factor in the cost of maintenance (as well as the other side of the coin, operational efficiency) is your organization’s behaviors and how they affect the adoption of best practices regarding reliability and maintenance.”
“The annual maintenance cost for a facility or large group of assets expressed as a percent of the RAV is the most scalable, transportable, benchmark-able index of metric for measuring maintenance spending that is in wide use.”
To read more about the behavior-based approach to budgeting for maintenance, register below: