All Glossary Terms
Return on Investment (ROI)
Maintenance definition:
Return on Investment (ROI) is a measure used to evaluate the profitability of an investment. It is calculated as the return (or gain) from an investment minus the cost of the investment, divided by the cost of the investment. In maintenance, calculating the ROI of maintenance activities or programs can help justify expenditures by demonstrating their financial benefits, such as reduced downtime, extended equipment life, and improved operational efficiency.
