Objectives of costing a maintenance process ?

1. To accurately determine the cost of maintaining equipment, machinery, or facilities in order to allocate resources effectively and efficiently.

2. To identify areas where costs can be reduced or optimized without compromising the quality of maintenance services.

3. To track and monitor maintenance costs over time to identify trends and patterns that may indicate areas for improvement or potential cost savings.

4. To provide management with accurate and timely information on the cost of maintenance activities, enabling them to make informed decisions about resource allocation and budgeting.

5. To ensure that maintenance activities are carried out in a cost-effective manner, maximizing the value of the organization's assets and minimizing downtime and disruptions to operations.

6. To establish benchmarks and performance indicators for measuring the effectiveness and efficiency of the maintenance process, allowing for continuous improvement and optimization.