# The Six Whats of Asset Management

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# The six questions every building should be able to answer

Asset management gets complicated only when people make it academic. In practice, running a facility comes down to six plain questions. Chroma organizes rooms, equipment, and daily work so the building always has the answers ready.

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## The Six Whats

### 01. What do you own—and where is it?

A live record of every room, pump, valve, and breaker. When an issue is logged, everyone knows the exact unit and how to reach it.

In practice: Trades and on-call staff find shutoffs, panels, and access points immediately without hunting through old binders or texting a former employee.

### 02. What is it worth?

Knowing what equipment costs to replace and what has already been spent maintaining it, so decisions are backed by clear numbers.

In practice: When repeat repair bills approach replacement cost, boards and operators see it immediately instead of pouring money into dying units.

### 03. What is its condition?

Up-to-date operating status, inspection notes, and past repairs visible before anyone steps on site.

In practice: Eliminates redundant diagnostic visits and guesswork. Contractors show up knowing what broke and what was done last time.

### 04. What's the remaining service life?

Knowing when major equipment is nearing retirement so replacements happen on your schedule, not in a mid-winter breakdown.

In practice: Boards plan reserve funds and major projects years ahead with confidence, avoiding emergency levies and panic calls.

### 05. What maintenance is deferred?

The silent backlog you cannot see: work that was postponed, quotes waiting on review, and small defects before they compound.

In practice: Issues do not quietly disappear into someone’s inbox when staff rotate. Everything remains open, assigned, and visible.

### 06. What do you fix first?

Clear, objective daily triage. Prioritize urgent safety hazards and tenant impact over routine cosmetic requests.

In practice: Bots triage incoming chat instantly, flag critical hazards for immediate approval, and keep daily work moving in order of real importance.

## Spreadsheets don't answer these. The daily workflow does.

Traditional inventory lists go stale because keeping them updated is a chore nobody has time for. Chroma answers these questions naturally, because every maintenance chat, contractor dispatch, and closeout feeds the record automatically.

- Every maintenance chat automatically resolves the room and asset in the building record.
- Work orders carry equipment history, past repairs, and access notes directly to the trade.
- Closeouts update condition, parts replaced, and spend without anyone touching a spreadsheet.
- Boards and operators see deferred maintenance and upcoming replacements at any moment.

[See how Chroma runs the loop](https://zkxp.xyz/chroma)

## Run your building on Chroma.

Shared building, hall, or portfolio. Start with Chroma, or ask for a custom build. We deploy it and stay on support.

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