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Glossary

Get Your Maintenance Management Terminology Down!

Return on Investment (ROI)

Return on Investment (ROI) is a measure of the profitability of an investment, calculated by dividing the net gain from the investment by the cost of the investment. It is used to evaluate the efficiency of an investment and compare the performance of different investments. ROI is expressed as a percentage and is calculated by subtracting the cost of the investment from the total return, then dividing the result by the cost of the investment. It is a key metric used in maintenance operations and management to assess the effectiveness of investments in maintenance activities, such as preventive maintenance, repairs, and replacements.

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Our Blogs

Imagine walking into an office where every square foot is optimized for productivity, ...

23 Jul 2024

Introduction A Computerized Maintenance Management System (CMMS) is a software solution ...

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Introduction Computerized Maintenance Management Systems (CMMS) have become essential ...

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Introduction Small businesses are defined as organizations with at most 100 employees. ...

9 Jul 2024

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8 Jul 2024

In modern business operations, CMMS plays a pivotal role in maintaining assets, managing ...

30 Jun 2024

Maintaining a church is akin to caring for a well-loved home. Just as regular upkeep ...

28 Jun 2024