The following articles introduce and explain workload-based budget and control for maintenance operations and its underlying principles, practices and processes. However, the first webpage explain the the financial framework the budget and its control follow as their North Star. It is noteworthy that what is explained by the set of articles requires that a firm be data-driven-capable.
ROACE: Financial North Star to Maintenance and Reliability Operations Return on average capital employed (ROACE) should be the North Star for us reliability and maintenance (R&M) practitioners. First, it is one of several equivalent measures to evaluate how well a business uses its assets to generate earnings. Second, it is the measure of choice for firms whose production assets and facilities are a very large part of their total assets.
The Secret is to Budget and Control Maintenance Opex Dimensionally: Plants need a two-dimensional budget and variance control system to prove and assure that its maintenance operating expense is what it must be to realize the best short-, middle- and long-term business performance. This article will describe the two-dimensional system in contrast to the traditional and ineffective one-dimensional system.
Setting the Budget for Maintenance Workload: Predictive budget and control is a build-up of drivers from workload (activity) to resources to unit costs. The first stage of the workload-based budget procedure is to establish the number of jobs to be completed each month.
Size Maintenance Craft Capacity on Forecasts, Not Backlog: Get maintenance craft capacity right and many things get right. So it is no small thing that the wide range of insight given by data analytics enable maintenance operations to find and stay on the sweet spot.