Establish Your Maintenance Management Business Case

Starting a new project? Whether you are embarking on a CMMS / EAM start-up or improving a stable TabWare solution by implementing Best Practices, establishing a solid business case for your project is critical. In order for your project to standout amidst the myriad of priorities stakeholders are evaluating, here are some key elements that your business case should contain:

  • Demonstrated alignment with company goals
  • A financial value proposition
    • Tangible benefits like improvements in Overall Equipment Effectiveness (OEE) that reduce downtime or process improvements that increase the productivity of your human resources
    • Intangible benefits such as improved organization planning or improved ‘repair or replace’ decision making
    • The key performance indicators (KPIs) you will use to measure improvements and impact to cash flow
  • A detailed estimate of the investment in terms of money, resources, people and time
  • Clarification of the risks of not investing in the project
  • Accountability and controls that will ensure the project delivers the predicted value

Read more on TabWare’s Maintenance Evolution Assessment program.

AssetPoint believes that all good business cases start with careful research. Ideally your business unit and IT sponsors will contribute jointly, but also rely on expert advice from industry professionals. Working with AssetPoint to conduct a Maintenance Evolution Assessment (MEA) will help you clarify opportunities and provide content for your business case. The AssetPoint Professional Services Organization (PSO) is staffed with Certified Maintenance and Reliability Professionals (CMRP) and Project Management Professionals (PMP) that team up to help you establish a compelling business case for your projects and get things started on a solid foundation.

AssetPoint Author:
Andy Richter, Strategic Engagement Manager

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