Planning

So, how much money are you going to budget next year to replace your major mechanical assets? How about your roofs? Do you know how many will reach the end of their life expectancy or warranty? How about the next five years? The usual solution to this dilemma is to try and piece together information from the tradesmen or vendors. Another solution is an insanely expensive and complex capital planning system. Perhaps you already have the tools to gather this information and you don't know it.

Most of you reading this blog have a Computerized Maintenance Management System (CMMS).

Most CMMS have the ability to track your mechanical and building assets. I'm certain that most of them have the ability to capture the purchase price, date placed in service and the life expectancy. TeamWORKS holds all that data and also generates reports that list assets to be replaced over a given amount of time. Hey! That sounds a lot like a simple yet effective Capital Plan to me and it already exists in our software. We've integrated with some of the most sophisticated (code word for expensive) capital planning software in the country and during the integration we became very familiar with the software. That "sophisticated" software was so over complicated that it required a minimum of one full time employee to keep the data going. In contrast, you can use your CMMS and the data is kept up to date via your daily processes. The client we did integration for is now doing just that.

Simple yet effective!

Craig