IREM Certified Property Manager (CPM) Practice Test 2025 - Free CPM Practice Questions and Study Guide

Question: 1 / 400

How does preventive maintenance save costs?

By avoiding emergency repairs

Preventive maintenance is a proactive approach to facility management that focuses on regularly scheduled maintenance tasks to ensure that equipment and systems are functioning well and to prevent unexpected failures. By implementing preventive maintenance, property managers can identify and address potential issues before they escalate into significant problems that require costly emergency repairs.

When preventive maintenance tasks are performed as scheduled, they help to extend the lifespan of equipment, reduce downtime, and minimize the need for urgent interventions that can be both disruptive and expensive. By avoiding emergency repairs, property managers can significantly lower operational costs and maintain a steady budget, as emergency fixes typically involve higher labor costs, expedited parts procurement, and potential lost revenue due to equipment unavailability.

Understanding the benefits of preventive maintenance underscores its importance in effective property management, where maintaining a budget and managing resources efficiently is crucial for long-term success.

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By reducing staff needs

By increasing asset value

By standardizing processes

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