Are you interested in hearing about the “New Ways of Looking at Facility Capital Program Management”?

Session Description: The objective of the presentation is to look at better ways to forecast, fund and implement capital projects to promote optimal facility performance. Most facility managers will tell you that they are not completely happy with the way their organization produces capital project forecasts. Typically, facility condition assessments (FCAs) feed data into the asset management plan. The asset management plan provides the long term capital forecast for facilities that general annual capital expenditure budgets. Unfortunately, there is a significant time lag and difference in objective between the condition assessment and the implementation of a capital project. In that time gap, project budgets, scope and needs change.The traditional FCA approach is to conduct a facility assessment on a component-by-component basis. Data from the FCA is used to forecast capital repair, replacement and improvement needs. While this method is a good strategy for operating and maintaining facilities, it does not address system-based needs; change of mission; and changes from the original anticipated need. These potential pitfalls lead to dissatisfaction with the way capital budgets are developed and managed.

The solution is to align and integrate the assessment process with the desired outcome – a repeatable, fair and defendable capital budgeting process. To achieve this objective, new and different assessment methodologies and building cost modeling strategies must be employed. Mission changes should be considered, and the design requirements should be integrated with the operations and maintenance requirements of the facility. In this presentation, case studies for alternative approaches will be presented.

Learning Objectives: