Asset Budget Forecasting Services
For more than 30 years, FEA has provided asset budget forecasting services. We help our clients to take a long-term approach to asset management and accurately project funding needs.
When it comes to asset lifecycle costs, capital budgets, and funding strategies, we believe that decisions fueled by data are better decisions. We utilize a proven framework for asset management to forecast operational and capital funding needs.
We leverage data to build predictive models that define the impact of future funding, and provide recommendations to increase return on investment and minimize capital and operating expenses.
We begin asset budget forecasting with collaboration, interviewing key stakeholders to understand budget factors such as organizational policies, political constraints, labor availability, wage pressures, availability of materials, equipment, utilities costs, and underlying trends.
FEA has worked with states and municipalities such as the State of Wyoming, the State of Minnesota, Broward County (FL), Montgomery County (MD) Public Schools, and Departments of Transportation in Minnesota, Virginia, and Oregon to forecast operational and capital budget needs. A few examples are below:
