Posted By ASSET MAPPING
Why fix something that’s not broken, the old adage goes, but when it comes to facility management it doesn’t really work! Waiting until the last moment to make repairs is costly and can jeopardise planned maintenance and disrupt business activities. Smart asset owners know that prevention is a much better option and it’s far better to take action before anything breaks down. The advantages of a more proactive approach have been well demonstrated, and this method is becoming the golden standard for both large-scale residential and corporate buildings.
Here are seven good reasons to take control of your assets:
Emergency repairs are typically more expensive than scheduled maintenance. Additionally, material damage can often be more significant.
The loss of time and resources
Whenever equipment is not utilised for its intended purpose, time and money is wasted. Everything stops until the necessary repairs are completed and this can literally paralyse businesses. If the break happens at the wrong time, critical projects can be delayed and deadlines can be missed, potentially damaging companies reputations and finances
Higher energy bills
Equipment failure can greatly increase energy consumption. Waste can be eliminated or at least minimised if you practice proactive maintenance and utilise asset management technology. The money saved on energy bills can be redirected to upgrade facilities or introduce new amenities.
Health and safety issues
Nobody wants to work or live in a building that’s not well maintained, malfunctioning equipment can represent a safety hazard.
Reactive maintenance also creates potential health and safety issues for engineers who are sometimes forced to work with tight time restraints and a lack of information.
Ad hoc repairs are often performed under pressure, sometimes forcing engineers to provide quick fixes without having the time to explore and resolve the root cause of a problem. This scenario can lead to issues reoccurring.
Shorter asset life expectancy
If you conduct regular maintenance and replace any structural elements or technical appliances that show signs of ageing, your building/s will obviously last longer. High-usage assets such as apartment buildings or office complexes are especially vulnerable to sudden loss of value due to wear and tear.
Evidently, seemingly small technical issues can cause businesses huge embarrassment and inconvenience. This can be avoided if maintenance is performed in scheduled intervals rather than in response to an ongoing crisis.
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