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VFA.facility® for Expert Capital Planning

An organization’s facilities are one of its most significant assets. Yet managing the wealth of information related to those facilities and their various building systems is an ongoing challenge, particularly for organizations. Data about value, condition, age, and function, as well as about maintenance and renewal needs, is often scattered across multiple locations and systems, creating islands of knowledge.

Capital planners may have limited insight into operational issues that could significantly impact planning requirements. Facility directors may be uncertain about how recently completed projects impact their annual funding requirements. Meanwhile, executives don’t have a clear picture of how spending on facilities supports organizational objectives over the long term. 

VFA.facility® empowers your organization with a central source of facility information, accessible across the organization. It provides facility managers, capital planners, financial analysts and executives with tools to effectively manage and maintain that data and to leverage it in making optimal decisions about facility spending and capital planning.

PUT THE POWER OF VFA.FACILITY® TO WORK IN YOUR ORGANIZATION

  • Understand the condition and value of facility assets
  • Accurately estimate long-term capital costs
  • Evaluate asset performance against targets
  • Rapidly model multiple portfolio scenarios and evaluate trade-offs
  • Allocate resources based on clearly identified priorities
  • Integrate sustainability initiatives into capital plans and budgets

CENTRALIZE INFORMATION ABOUT FACILITY ASSETS

VFA.facility’s powerful knowledge base supports the collection and management of a wide range of asset information, such as location, structure, type, uses, conditions, requirements and their associated costs, and related projects and plans.

  • Configure data and views to your needs. Organize asset data into numerous levels and create customized fields and drop-down lists on the fly. Sort, group and filter asset information based on your specific criteria, and view your portfolio by site, building type, size, ownership and more.
  • Dashboards and Reports provide easy access to key indicators. Dashboards provide a graphic view of the state of your portfolio; use the dashboards provided or make your own from any available report in the VFA.facility Report Center. Dashboards can even include data from other applications.
  • Enhance your understanding of your portfolio with photographs and CAD drawings. Associate drawings and photos with specific building records, assets, rooms or requirements. Annotate CAD drawings with icons illustrating prioritized requirements, and link them to detailed requirements records.
  • Attach relevant documents and links. Documents and links to other sites and data sources can be associated site-wide, or attached to objects including regions, assets, and requirements. Some examples include policy and procedure documents, maintenance schedules, approved budgets, and facility-specific reports.

ENSURE ACCURACY WITH BUILT-IN INDUSTRY STANDARDS

VFA.facility integrates industry standard cost data from RSMeans® and BCIS, and lifecycle data from the Building Owners and Managers Association (BOMA) to ensure reliable cost projections for deferred maintenance and systems renewal.

EMPLOY MULTIPLE COST SOURCES WITHIN THE SOFTWARE

The Cost Estimator in VFA.facility supports multiple cost sources, in addition to RSMeans and BCIS, for enhanced accuracy and relevance. Customers and partners have the flexibility of choosing the most appropriate cost estimation sources within the software for the specific requirements of a project or facility, employing third-party cost sources as well as proprietary cost estimation data.

STREAMLINE COST ESTIMATION

A library of building and system model templates enables you to rapidly and accurately estimate the cost of capital asset renewal and replacement. Users may adjust industrystandard cost and lifecycle data in the models for precise renewal and replacement calculations. 


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Tags: vfa.facility, facility capital planning