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How Do I Calculate the ROI on Reducing Downtime?
How Do I Calculate the ROI on Reducing Downtime?

Input your Company, Facility, and Department ROI from Reducing Maintenance Related Downtime

Kyle Bryant avatar
Written by Kyle Bryant
Updated over a week ago

To access the ROI Calculator go to the Reports Navigation > ROI Calculator

You can also set it as your dashboard screen from the Profile Page

Under the Profile Page Report label, Select ROI Calculators and 'Save'

To use the calculator:

  1. Select your industry from the industry dropdown

  2. Enterprise industry averages will pre-populate in the value fields

  3. You can customize the inputs by selecting 'Customize Numbers'

  4. As you move the slider to match your downtime reduction goals it will reflect the cost savings/ increased revenue that that represents on the right. (The minimum downtime reduction realized from digitizing your PM program is 10%)

To save and share your goals:

  1. Select 'Download PDF'

  2. The file name defaults to your User Name and current date but you can customize the file name

  3. Click 'Create & Download

  4. A copy of the file will be downloaded to your device and the file will be saved into the 'Saved Calculators' tab

To access your and other's saved calculators:

  1. Click the 'Saved Calculators' tab

  2. Select a file

  3. You can then Save the file to your device or Print the PDF

  4. Additional supporting files can also be added to the Saved Calculators area by selecting the 'Add File' button

We recommend that you use the ROI calculator to set and define maintenance goals, impact, and contributions from each division and department as you implement Redlist initiatives. These goals can then be communicated and tracked within the Redlist ecosystem.

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