Facility assessments provide a wealth of information about the current conditions and deficiencies of an organization’s real estate portfolio. However, in order to remain an effective foundation for capital planning, this information must be continually updated to reflect both completed improvements and new requirements that arise.
While organizations recognize the importance of accurate data for capital planning, they may lack the personnel, time or expertise necessary to keep this information up to date. And as facilities budgets are increasingly stretched to do more with less, the time between assessments often increases as well.
How can organizations ensure that they are effectively planning for the needs of their facilities as these needs continually evolve?