Construction Asset Management: Definition, Examples and ProcessesWhat is Process Failure Mode and Effect Analysis (PFMEA)?
Equipment malfunctions on a construction site can bring daily operations to a screeching halt. Construction project delays, whether big or small, can have drastic financial consequences in terms of emergency repair costs, delayed project deadlines, and damage to a company’s reputation. This is why construction asset management is critical for successful project outcomes.
Asset management in construction has a very specific scope. Its purpose is to track, maintain, and optimize the distribution and use of assets, equipment, and other resources. This can encompass everything from heavy machinery to small tools, as well as intangible assets like data and licenses. Effective asset management can help project managers reduce downtime, costs, and waste.
To maximize benefits, organizations can support this process with an advanced asset or maintenance management solution. LLumin’s Computerized Maintenance Management System (CMMS+) is a trusted solution in the construction industry. It gives users the tools and features to keep construction projects on time and running smoothly.
Streamline your construction projects with ReadyAsset software.
Getting Started With LLumin
LLumin develops innovative CMMS software to manage and track assets for industrial plants, municipalities, utilities, fleets, and facilities. If you’d like to learn more about the total effective equipment performance KPI, we encourage you to schedule a free demo or contact the experts at LLumin to see how our CMMS+ software can help you reach maximum productivity and efficiency goals.
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Karen Rossi is a seasoned operations leader with over 30 years of experience empowering software development teams and managing corporate operations. With a track record of developing and maintaining comprehensive products and services, Karen runs company-wide operations and leads large-scale projects as COO of LLumin.