News & Insights

This conference is being rescheduled due to Hurricane Milton.

Aaron Thompson and Terry Tullis will explain the benefits of Total Cost of Ownership (TCO) and share key strategies for successfully determining TCO at the 2024 SMRP Annual Conference on October 9, 2024. Register for the event here.

TCO is an integrated approach to maximizing return on investment (ROI) by summing all known and estimated costs, including initial, operations and maintenance, utilities, renewal, and end-of-useful life expenses. TCO improves financial planning, budget analysis, and reporting, providing administrators insight into investment performance and future requirements. It identifies funding gaps and opportunities for cost reduction. Additionally, TCO fosters collaboration and cultural transformation within organizations by structuring asset cost considerations, which is essential for sustainable asset management in a dynamic environment.

Aaron Thompson

Aaron has over 17 years of experience in maintenance and reliability with a strong background in Naval Aviation. His current role focuses on performing reliability-centered maintenance (RCM) and related services for federal customers. His active projects include performing a TCO analysis for the National Institute of Standards and Technology and assisting with implementing a tiered maintenance program across all NASA centers. Aaron, a San Diego native now a Florida resident, began his career in the U.S. Navy as a jet engine mechanic in an F/A-18 squadron and deployed to the Middle East aboard the USS John C. Stennis. Contact him at [email protected].

Terry Tullis

Terry leads the sustaining engineering services team at Salas O’Brien. With over 19 years of experience, he specializes in providing facility asset management and operations and maintenance (O&M) engineering services. He brings an in-depth knowledge of RCM, O&M optimization, criticality analyses, and cost estimation services. Starting his career at NASA’s Kennedy Space Center in 2005, Terry holds a bachelor’s in mechanical engineering and is a licensed Professional Engineer. He is dedicated to mentoring his team, fostering continuous improvement, and delivering high-quality engineering solutions. His strategic focus on O&M optimization and energy efficiency drives operational effectiveness for his clients. Contact him at [email protected].