Like asset management, facility management encompasses a range of functions and activities, of which maintenance management is a part. Based on these factors, an organization can determine whether it’s better to repair or replace the asset. This includes monitoring an asset’s condition, knowing its performance specifications, applying effective maintenance strategies, and tracking maintenance costs. Maintenance is only one aspect of asset management, which also includes planning, acquisition, operation, and decommissioning.įor its part, maintenance management helps extend an asset’s useable life by coordinating the resources needed to keep it in operating condition. In an industrial setting, asset management seeks to maximize the value of fixed assets throughout their lifecycle. Read more about the work order management process. This includes rule setting for work order creation, prioritization, scheduling, assignment, distribution, execution, documentation, and closure. It boils down to how the maintenance department makes sure that work gets done accurately and on time. Work order management is the system that defines how work orders are processed and completed. Work orders are the primary channel of communication for maintenance work. Listed below are the components of maintenance management. Each of these functions must be managed in and of itself to improve the maintenance process. Maintenance management is made up of many key functions. We cover the maintenance management objectives listed above in more detail in our article, 8 Maintenance Management Objectives. Developing improved policies, procedures, and standardsĪs you can see, each of these objectives is closely tied to one another, and is crucial to the success of the organization.The following are some objectives of maintenance management: In addition, maintenance management lowers operational costs, protects the organization from liability, and improves environmental and personal safety.įurther Reading: 5 Reasons Maintenance Management is Important Objectives of Maintenance ManagementĪll forms of maintenance management share similar objectives no matter the industry, plant, or product or service offered. Less disruption in production or service leads to efficient operations, increases quality, and improves productivity. When done properly, maintenance management keeps assets in optimum operating condition. Instability, inconsistent product quality, stopped production, and high operational costs jeopardize an organization’s profitability and longevity. Assets that are poorly maintained experience frequent, unexpected downtime, and cause a ripple effect. Maintenance directly impacts the long-term success of an organization. Since much of an organization’s money is tied up in equipment and facilities, important decisions are made regarding time, people, and money. There is a lot more to maintenance management than most people realize. While you may interpret this definition of maintenance management as simply meaning “fixing things,” that would be an oversimplification. Maintenance management is an orderly process to control the maintenance resources and activities required to preserve assets at, or repair them to, an acceptable working order. In this article, we explore many common questions surrounding maintenance management. People unfamiliar with working in industrial environments may not understand what is meant by maintenance management. Maintenance management is an important, yet seldom discussed, aspect of managing a company. Read about our privacy statement.Every industrial organization relies on well-maintained assets to keep their business going. You can withdraw your permission at any time – check out our Cookie Policy to see how.
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