Blog posts tagged Capital Planning

Strategic Capital Planning in Higher Education

Posted on 07/27/2017

In an increasingly data-driven world, university financial officers and staff need deeper insight and numbers to assess and justify their budgets. Institutions are realizing that they need to align both their short-term and long-term needs when preparing to meet program needs through facility expansion.

If Retail Is Dead, Why Is Amazon Opening Physical Stores?

Posted on 07/21/2017

As retail embarks on a new transition, retailers and developers are changing the metrics once used in order to keep up with the ever-changing standards.

How Capital Planners Measure Performance (It’s Not with Spreadsheets)

Posted on 06/26/2017

By gathering accurate facility data, the true condition of your facilities portfolio becomes clearer, providing a benchmark to analyze the impact of investing in facility improvements. This benchmark – developed by industry associations – is known as the Facility Condition Index (FCI).

Spreadsheets Lack Functionality Facilities Managers Need

Posted on 06/14/2017

Facilities managers have tools available to them for managing everything from construction and energy to recycling and security. So, it’s surprising that in an age of automated buildings and smart cities that facilities managers are still using spreadsheets.

Facilities Managers Won’t Find Cost Estimation Norms Data in Spreadsheets

Posted on 05/30/2017

Spreadsheets lack the embedded and up-to-date cost estimation norms data. Without these industry-standard cost sources, facilities managers must make best-guess estimates or spend valuable time researching cost data for their spreadsheets.

How Spreadsheets Limit Facilities Capital Planning Collaboration

Posted on 05/15/2017

When building data is maintained in different spreadsheets, accuracy deteriorates and collaboration is difficult. Other challenges include the sluggish handling of bulky files, and a lack of version control which can cause confusion and errors.

The Perils of Manual Data Entry in Facilities Capital Planning

Posted on 05/01/2017

Spreadsheet errors can have a major impact on business results as inaccurate data is propagated throughout an organization. Manual data entry, especially into spreadsheets lacking standardization and controls, is inefficient and yields numbers that cannot be trusted for accurate decisions.

The Problem with Spreadsheets for Capital Planning, Part 1: Manual Data Entry

Posted on 03/20/2017

When it comes to effective capital planning for large portfolios, spreadsheets lack key capabilities, including built-in cost estimation based on industry norms, objective project prioritization, centralized data storage and the ability to scale.

Best Practices in Facilities Capital Planning - Ottawa 2016!

Posted on 11/07/2016

Join us in Ottawa this week to learn about the award-winning best practices in capital planning implemented by Marcel Gingras of Canadian Forces Base Esquimalt, including mission-centric prioritization, effective capital budgeting and managing the paradigm shift from reactive and ad hoc to proactive and programmatic.

Establishing an Ongoing Facilities Capital Planning Program: Part Two

Posted on 09/01/2016

So, you’ve taken the first steps to establishing an ongoing facilities capital planning program. Once you’ve gathered facility condition data, established a process and developed a capital budget for next year, what should you do next? Based on our experience working with facilities managers, there are a few key things we recommend...

Establishing an Ongoing Facilities Maintenance Program - Part Two

Posted on 08/29/2016

So, you’ve taken the first steps to establishing an ongoing facilities capital planning program. Once you’ve gathered facility condition data, established a process and developed a capital budget for next year, what should you do next? Based on our experience working with facilities managers, there are a few key things we recommend.

Facility Management Applications Help Boost Customer Service and Satisfaction – FM Executive Survey

Posted on 06/13/2016

Hiring third-party service providers with the right expertise in strategic and tactical facilities management activities has shown the greatest impact in improving customer service, according to a recent survey of Facility Management executives. The survey asked FM executives to share their top challenges around overseeing large campus logistics.

Establishing an Ongoing Facilities Capital Planning Program: Part One

Posted on 05/23/2016

Get a little preview of our upcoming capital planning webinar.

What Could Your Facilities Planning Strategy Be Missing?

Posted on 05/18/2016

In the latest issue of Facility Manager, published by APPA, Accruent’s Director of Strategy Tim McLean sheds light on how an integrated capital planning and facilities management solution provides greater portfolio insight and cost-savings.

The Value of Facility Condition Index (FCI) in Healthcare

Posted on 03/01/2016

Learn about why the facility condition index (FCI) is an important number for hospitals and healthcare facilities.

Why Facilities Capital Planning Matters

Posted on 01/11/2016

Capital planning is a complex and important part of your organization. Read this blog post to learn what questions you should be able to answer when developing a capital planning strategy.

Four Key Benefits of Having Current Data

Posted on 01/06/2016

Without having detailed facility condition assessments (FCAs), you cannot understand the true condition of your assets. Check out the four key benefits realized by organizations who keep their asset data current.

What to Include in Your 2016 Facility Capital Plan

Posted on 12/11/2015

Developing your 2016 facility capital plan? Learn how you can maximize your facility capital budget by focusing on these four elements in your facility capital plan.

Debunking Five Common Myths about Cloud Software

Posted on 12/08/2015

Heard rumors that the cloud isn't secure or can't scale? In this blog post, we debunk five common myths about cloud software.

7 Steps to Better Capital Planning: Prepare for the Future

Posted on 12/04/2015

With the right data, key benchmarks and a defensible budget in place, now you can start to prepare for the future. Learn the three things that you can do in this blog post.

7 Steps to Better Capital Planning: Funding & Defensible Budgets

Posted on 11/20/2015

By leveraging funding scenarios, you can review different cases that help you justify both your short- and long-term budget requirements. As a result, organizations have a clear ability to pinpoint risks and highlight financial consequences if the work is not completed. Learn how a capital planning solution like VFA can support your funding requests and create defensible budgets.

7 Steps to Better Capital Planning: Prioritize Capital Projects

Posted on 11/13/2015

Once you're armed with the data you need to assess your portfolio, you can begin to think about how to prioritize your capital projects. But, what is the best way to do this? Learn more in this blog post, which provides insight into what to consider when prioritizing your capital investments.

7 Steps to Better Capital Planning: Analyze Benchmarks

Posted on 11/06/2015

Collecting accurate facility data serves as paramount in order to define and develop an accurate capital plan. In addition to that, with detailed data, you can set benchmarks to gauge the effectiveness of your investments in your facility improvements.

7 Steps to Better Capital Planning: Data Gathering

Posted on 10/30/2015

With the facility capital planning process defined, next up comes the data gathering process. Knowing that your data is valid can help you create accurate cost and condition estimates, which serves as the basis for a successful facility capital plan. In this blog post, learn how you can gather the data you need to develop an effective facility capital plan.

7 Steps to Better Facility Capital Planning

Posted on 10/20/2015

For most organizations, their facility and real estate portfolio falls as the second largest expense item on the balance sheet. Finding ways to improve the operations of these facilities can save organizations significant costs and ensure that their buildings are serving them in the best way possible, now and in the future. Learn the first step to better facility capital planning in today's blog post.

Why Capital Planning Matters to Healthcare Organizations

Posted on 09/25/2015

In the past decade, the healthcare industry in the U.S. has been under a great deal of change. From dealing with the economic crisis in the late 2000s to implementing a number of changes due to the Affordable Care Act, the face of healthcare has and will continue to evolve. Learn how the facility capital planning for healthcare has evolved as well.

Why You Should Attend User Forum 2015

Posted on 08/26/2015

Any company knows that budgets must be considered when investing in technology or an event. You have to understand the ROI a conference can realize for your business. That’s why we have given an explanation of roles that should attend our upcoming User Forum customer conference in Victoria, BC, and how they will benefit.

Integrating Sustainability Programs into the Capital Planning Process

Posted on 08/10/2015

With detailed information about the costs and benefits of potential green investments, organizations can effectively evaluate which initiatives will ultimately provide the greatest short- and long-term results. While companies may analyze opportunities to improve building sustainability, ultimately these investments will need to be assessed in relation to other building requirements. In the first post of a two-post series, we address questions to consider when integrating green programs.

Planning for Sustainability

Posted on 07/28/2015

Many potential greening initiatives can compete with other capital and operational investments. Green investments should be evaluated in the context of other building requirements, aligning yourself with the overall business mission. Learn three steps in planning for sustainability initiatives.

The Importance of an FCI

Posted on 06/25/2015

When it comes to making a large investment, it is critical for organizations to build capital budgets that ensure facilities projects address time-critical needs and support the organization’s overall business goals. Using a Facilities Condition Index (FCI) can help prove to management where your capital should be spent.