Maintenance budgeting systems and processes in asset-intensive organisations lack efficiency, are heavily driven by manual data collation and are inconsistent across the enterprise. This limits the organisation’s ability to provide visibility into expenditure, adequate cost variance reporting and ultimately, its compliance to strategic plans.
Delivering an enterprise-grade maintenance budgeting solution is the path to address these issues. Success of such solution can be measured through high levels of user adoption and executive support. Both of which can only achieved through a successful organisational change management program that supports people, standardises processes and simplifies the technology stack. Don’t underestimate the effort required to bring the business along for the journey. This includes senior leaders as well as finance, technology, and maintenance teams. Keep to the fundamentals when designing your initial program. The secondary benefits will come later, but they can only be realised after your core activity of building a budget has integrity.
• Executing an Organisational Change Management strategy
• Securing senior leadership support for an investment in a maintenance budgeting solution
• Aligning the global process and approach for maintenance budgeting