Building Management

Realize that Predictive Maintenance is in the best interest of your Building and your Budget

Taking care of your building and its systems is important. The way you go about it can have a profound impact on occupant comfort, productivity, and safety. Not to mention the impact on energy use and utility costs.  Building operators have choices when it comes to maintenance. What if you had the choice to maintain your building using a method that gave you 5X ROI? Not bad… But what if you had the choice of maintaining your building using a method that gave you 10X ROI?! Sounds like a no brainer, especially when maintenance costs are amounting to more than one-third of total operating expenses in most facilities.

Unfortunately, most building owners/operators (approximately 55%) are choosing the most costly maintenance practices, fixing things after they break.

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This approach actually increases the lifetime cost of equipment. Like all things, the equipment will age. If it is not taken care of properly, building owners will be faced with disadvantages such as unplanned equipment failures and increased repair costs. So why not consider taking a lead from some of the top performing facilities that utilize a predictive maintenance approach?

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Top performing facilities realize a 10X ROI with predictive maintenance predominant maintenance approach. Regular readings on key operating parameters are analyzed and used to predict performance and likelihood of failure. This leads to prioritized maintenance actions performed at the correct time, efficient use of resources, and overall higher levels of equipment performance. So why doesn’t everyone jump at the opportunity to implement this type of maintenance strategy in their building? There is the perception that the costs of implementing predictive maintenance do not outweigh the benefits. This is NOT true. While there is a start-up cost associated with this strategy, the return far outweighs it. In some instances predictive maintenance has seen savings such as

  • 25-35% deduction in maintenance costs
  • 70-75% fewer break downs
  • 35-45% reduction in downtime
  • 20-25% increase in production

While it is understandable that the initial investment could be a hurdle for some, the time to start the conversation is now. ‘Run to fail’ is not a cost effective solution in the long term.  Preventive maintenance aids in extending equipment life and improving the operational efficiency of the essential equipment in your infrastructure. But ultimately, moving toward a more predictive maintenance approach will clearly demonstrate the most value. The sooner you start this conversation, the sooner your building and your budget will realize the highest level of performance.

Do you implement predictive, preventative, or reactive maintenance in your facility? Let us know in the comments below.


One Response
  1. Ahmed Sofyan

    Very interesting, this means that the cost is an important part of managing the budget. it is sometimes a problem, excessive use without control and supervision, which needs to be done a thorough planning and description of the performance of the budget. Coupled with the cost of entry, where it shows the circulation of finance and budget. interesting to observe. Interesting post. thanks.

    Reply

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