Viziya is now part of Prometheus Group

Why Budgeting is Vital to your Maintenance Strategy

Maintenance budgeting and asset management are inextricably linked. In asset-intensive organizations, maintenance tends to be one of the larger cost centers, but too often its spending is among the least well managed. Regardless of the budget put in place, maintenance personnel will spend whatever it takes to repair a production line that goes down. If their budget runs dry, they may shortchange preventive maintenance or other less urgent tasks, and overlook opportunities to understand the variances or to improve their budgeting processes. Avoiding this means having a well-planned budget in place to begin with.


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