Why waiting costs money.
An asset that is past its best keeps deteriorating whether or not it is replaced. Reactive repairs become more frequent and more expensive, and the chance of a failure that closes a site, or a floor, goes up every year.
The cost of waiting is real money. It simply arrives later, and in a less visible form than a capital line in next year's budget.
How to measure it.
- Price the rising repairsUse maintenance history to see how repair spend grows as an asset ages.
- Price the risk of failureEstimate how likely a failure is, and what it would cost in repairs, closure and lost income.
- Separate safe deferralsSome work genuinely can wait at little cost, and knowing which is just as valuable.
- Rank by the cost of waitingFund the items where delay costs most, not simply those in worst condition.
How Propility helps.
Propility prices the cost of waiting on every deferred repair and replacement, so a backlog becomes a ranked, funded plan.
- The cost of waiting priced for every asset
- Safe deferrals separated from risky ones
- Options compared over ten years
- A funded plan ranked by what delay would cost