STRATEGICALLY PLAN FOR UPTIME
DID YOU KNOW. . .
"It takes on average 23 MINUTES TO GET REFOCUSED on a prior task after an interruption."
- Informatics Dept, Univ of CA
Below is a simple equation to help you measure this potential annual savings opportunity.
Lost Revenue
+ Lost Productivity
+ Recovery Costs
+ Intangible Costs = Downtime Cost
4 KEYS: CALCULATING EACH CATEGORY
Lost Revenue = Revenue/hr x downtime (HRS) x Uptime (%)
Recovery Costs = Necessary Costs accumulated during the fixing of the problem including
Replacement Parts + Repair Labor + Lost Data Recovery + Other costs (due to loss of data)
Lost Productivity = Number of Employees (with same Utilization %) x Employee Salary/HR x Utilization % )
Intangible Costs = The long-term damage to your REPUTATION (if it impacts your external customers or clients)
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