How do you evaluate the impact of your FM asset maintenance?

Regular and routine maintenance to reduce the likelihood of equipment failure. Assessing of facility assets during the off seasons like in HVAC can prove vital in peak season maximum utility. Other facility assets can be assessed in similar manner when user and machine interactions are idle or not performing at it maximum

"To evaluate the impact of facility management (FM) assets maintenance, you can assess factors such as asset reliability, downtime reduction, cost savings, energy efficiency improvements, and overall operational performance. Regularly tracking these metrics allows for informed decision-making and continuous improvement in maintenance strategies"

To begin assessing maintenance impact, key performance indicators (KPIs) come into play. These indicators help quantify the outcomes of maintenance efforts, such as asset downtime, response time, or maintenance costs. By monitoring KPIs over time, we can identify trends, variations, and improve areas that need attention. Additionally, evaluating customer satisfaction and feedback is crucial in understanding the direct impact of maintenance on end-users.

In my opinion what makes a good evaluation is to set metrics like Asset Performance Metrics, use specific metrics related to asset performance, such as mean time between failures (MTBF) and mean time to repair (MTTR), to evaluate the impact of maintenance.

Measuring the financial impact of maintenance is essential. This involves tracking maintenance costs and comparing them to the financial benefits derived from improved asset performance, reduced downtime, or extended asset lifespan. Analyzing this data helps determine the return on investment (ROI) of maintenance activities and supports strategic decision-making.

A comprehensive evaluation shall include; Asset Inventory and Identification, Condition Assessments, Maintenance History Review, Regulatory Compliance Review, Performance Evaluation, Risk Assessment, Life Cycle Cost Analysis, Maintenance Strategy Development, Recommendations and Action Plan, Implementation and Monitoring, and Documentation and Reporting.

An example for conducting an asset maintenance evaluation for an HVAC system: *Inventory all components of the HVAC. *Inspect and assess the condition of filters, belts, coils etc. *Review past maintenance work orders for the HVAC. *Check that the system complies with relevant HSE. *Evaluate energy consumption. *Determine risks associated with the system's failure (business interruptions). *Analyze the costs of ongoing maintenance vs. system replacement. *Suggest whether to continue with scheduled maintenance or invest in new system. *Plan and budget for necessary maintenance replacements. *Implement maintenance upgrades and monitor the system's performance. *Keep detailed records and report on maintenance activities and system status.

Conducting regular audits and inspections is vital for evaluating the physical condition of assets. This helps detect any potential failures or deteriorations before they escalate into costly repairs or replacements. Data collected from these inspections can be used to assess the effectiveness of maintenance plans and identify areas where adjustments may be required.

Evaluating the impact of Facilities asset maintenance involves assessing the effectiveness and efficiency of your maintenance activities in terms of preserving the functionality, reliability, and lifespan of your assets. Here are some key steps and metrics you can use to evaluate the impact: 1. Downtime Reduction 2. Asset Reliability 3. Asset Lifespan Extension 4. Cost of Maintenance 5. Preventive vs. Reactive Maintenance Ratio 6. Key Performance Indicators (KPIs) 7. Customer Satisfaction 8. Energy Efficiency 9. Compliance and Safety 10. Data Analytics and Predictive Maintenance 11. Training and Skill Development Regularly reviewing these metrics and key indicators will help you gauge the overall impact of your facilities asset.

most of the time we face repetitive facility problems and failures that can be recorded and make use of the results. it's not about one-night happenings. each situation is a result of a period of working hours which can be recorded and make good conclusions and therefore make appropriate decisions.