Zero-Based Budgeting & Cost Control

Thousands of unrelated and unpredictable events make up your maintenance budget - of course the number of breakdowns or maintenance activities last year will not predict costs for the next budgeting cycle.

So trash traditional budgeting structures for zero-based budgeting (ZBB) and cost control services from APS to satisfy strategy and save money.

ZBB is proven to:
  • Remove planning from financial line items and instead, apply it to activities required to satisfy strategy.
  • Provide visibility into the root-cause, and the impact of expenditures; understand the cost of replacement Vs corrective Vs preventative work.
  • Allow you to allocate funding to activities that are aligned with strategy - stop you from spending money on things that aren’t relevant to performance targets.
  • Gain new levels of dynamism with agile budgeting cycles. Working with APS will drive cost savings and budgeting practices that align with the complexities of maintenance management.



  • Services Include:


    Set Up

    APS will generate your zero-based budgeting template. Activities include: identifying all assets, grouping them into logical units and identifying different types of maintenance services.

    Plan

    Where available, historical data from the CMMS can be applied to inform planning. A review of historical activities with APS may provide insights on how costs can be controlled with modifications in maintenance practices, or by eliminating activities that don’t contribute to strategy.

    Measure

    APS can assist with benchmarking that will illustrate the causal relationship between activities and costs. You’ll be able to put a dollar value on investments in preventative maintenance and your ZBB initiative.

    Industries Served:


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    Discover more about our related offering that compliments our Cost Control and Budgeting services from APS:

    Or contact us for a no-obligation discussion about your asset management performance issues and our relevant experience.