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These are vital elements of asset management, yet they are areas where some maintenance departments may lack expertise. A consultant can assist in identifying the key metrics to monitor, establishing a program that determines when asset replacement is more beneficial than repair. Subsequently, they can aid in budgeting for major capital projects.
However, planning alone is insufficient. Ultimately, you must also convince stakeholders throughout the company. An asset management consultant can guide you in constructing business cases to secure funding for your projects. Essentially, they enable the maintenance department to demonstrate its worth to the entire organization.