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All Glossary Terms

Estimated Plant Replacement Value (PRV)

Maintenance definition:

Estimated Plant Replacement Value (PRV) is the total cost to replace a facility's assets with new equivalents at current market prices. PRV is used for benchmarking maintenance costs, assessing insurance needs, and strategic planning. It provides a basis for evaluating the investment in maintenance relative to the value of the assets being maintained, helping organizations allocate resources effectively and justify maintenance expenditures.

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AssetWatch customers save on average 8x in ROI. That means for every $1 you give us, we give $8 back to you.

Includes professional installation of up to 200 sensors (a $10k+ value)

24/7 monitoring and a dedicated CME for your site

AssetWatch cloud-based software with unlimited licenses

No CapEx, Engineering or IT integration required