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How was this ROI Calculated?
Calculate the Project Cost of Connected CMMS & Total Number of Work Orders for a year
Projected Cost of Connected CMMS Formula
Number of O&M users x Industry Avg. Connected CMMS Cost
Total Number of Work Orders in a Year Formula
Number of Buildings x Work Order per building per year
Calculate time and cost saved on in-house & outsourced work orders for a year
Time saved on in-house/outsourced Work Orders Formula:
{(No. of in-house/outsourced Work Orders x Avg. time taken to complete Work Orders before Connected CMMS) - (No. of in-house/outsourced Work Orders x Avg. time taken to complete Work Orders after Connected CMMS)}
Cost saved on in-house/outsourced Work Order Formula:
{(Time taken to complete Work Order before connected CMMS x Avg. hourly cost of in-house outsourced technicians) - (Time taken to complete Work order after connected CMMS x Avg. hourly cost of in-house/contracted technicians)}
Return on Investment Calculation with Connected CMMS
Return on Investment with Connected CMMS (%) Formula:
{(Cost saved with Connected CMMS - Projected Cost of Connected CMMS)/ (Projected Cost of Connected CMMS)} * 100
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