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A method for quantifying the effects of investments in CMMS
Linnaeus University, Faculty of Technology, Department of Mechanical Engineering.
2014 (English)In: 9th WCEAM 2014, CASE STUDIES: TOWARDS ENGINEERING ASSET MANAGEMENT BODY OF KNOWLEDGEAND STANDARDS / [ed] Joe E Amadi-Echendu, University of Pretoria, Graduate School of Technology Management , 2014Conference paper, Published paper (Refereed)
Abstract [en]

Investments in information technology are hard to assess due to various reasons, such as lack of easy-to-use methods and appropriate input data. The aim of the paper is to reduce the uncertainty of investment assessments and investment follow up. This is done by addressing the problem with lack of quantified data. A simple method is proposed for transferring intangible and qualitative data into tangible and quantifiable data. The method is a step by step process from identify-ing benefits to finding appropriate values for estimating the magnitude of the ben-efits, and to further quantify the benefits using available data. The values could thereafter be used in traditional economic investment assessment models such as the payback period or net present value method. The proposed method is illustrat-ed using an investment in a computerised maintenance management system as an example.

Place, publisher, year, edition, pages
University of Pretoria, Graduate School of Technology Management , 2014.
National Category
Reliability and Maintenance
Research subject
Technology (byts ev till Engineering), Terotechnology
Identifiers
URN: urn:nbn:se:lnu:diva-38823ISBN: 978-1-77592-073-1 (print)OAI: oai:DiVA.org:lnu-38823DiVA: diva2:775736
Conference
The 9th World Congress on Engineering Asset Management,28-31 October 2014, Pretoria, South Africa
Available from: 2015-01-05 Created: 2015-01-05 Last updated: 2015-04-23Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
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Language
  • de-DE
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