3 key advantages of deferred maintenance:
- Short-term savings
Deferring maintenance can help reduce immediate expenses by postponing repairs or replacements. The immediate allocation of funds elsewhere can address more pressing issues, creating a temporary financial cushion. - Minimize disruptions
By delaying maintenance, companies may avoid downtime or operational interruptions in the short term - Resource allocation
Deferred maintenance allows for flexibility in allocating resources to emergent or high-priority projects.
3 key disadvantages of deferred maintenance:
- Higher long-term costs
Small, manageable repairs may escalate into significant problems that are more expensive to fix. Deferred maintenance can lead to more significant damage and deterioration, resulting in higher repair costs. - Decreased asset lifespan
Prolonged neglect of maintenance tasks can lead to quicker degradation and premature failure of assets. Deferred maintenance can decrease the property’s overall value. - Increased risk of failure
Deferred maintenance increases the likelihood of breakdowns, safety hazards, and system failures. The risk of failure can lead to unexpected downtime, disrupting business operations and reducing productivity.
