When it comes to effective capital planning for large portfolios, facilities professionals often learn that spreadsheets lack key capabilities, including built-in cost estimation based on industry norms, objective project prioritization, centralized data storage, and the ability to scale. Learn about the 5 key limits of spreadsheets and how you can overcome them to improve your facilities capital planning. Register Today!
In this Accruent whitepaper, we describe five significant limits of spreadsheets when it comes to effective corporate facilities management and what can be done to avoid these issues. Download Today!
VFA, the only offering of its kind that enables organizations to capture the granular data they need on every facility they have and objectively model multiyear year investment scenarios to establish a comprehensive database of the state of every asset the own and look at the long-term outcomes for any level of spending.
Learn how the Colorado Department of Education guides their state’s public school facility managers on educational adequacy standards using VFA’s portfolio assessment and capital planning tools.
Before setting out to obtain data about facility conditions, it is vital to first understand the overall objectives, along with the level of required data and available resources. Once the goals are understood, there are a variety of data collection methods that can be chosen to best suit the needs of the organization.
After the completion of the facility condition assessments, Mississauga found that the current replacement value of their building and site assets was just under $1.3 billion. With a FCI of 0.12, the city’s portfolio was in good condition overall. Using VFA.facility as a decision tool, the city can run funding scenarios and prioritize projects, turning the results into defensible capital plans.
With VFA’s Funding Buckets feature, you can more easily and effectively implement your capital budgeting strategies to maximize the effectiveness of your campus' capital funding.
This paper describes an approach to successfully aligning an organization’s facilities capital budget with its strategic business objectives. This process enables objective prioritization of competing needs in order to optimally allocate capital funds and deliver the greatest business value.
This paper discusses the effective development of strategic multi-year facilities capital plans in the college and university environment, and how to align those plans, prioritize competing capital priorities, understand the impact of funding scenarios and create cost-effective capital projects.
In this 1-hour webinar learn how you can take your capital planning program to the next level by managing the transition to a strategic capital planning approach, leveraging your capital planning program to support organizational goals, and communicating the value of your facilities and initiatives to the executive level.
Facility condition 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. Read more.
Without a consolidated capital planning system, facilities professionals often have only limited insight into operational issues that could significantly impact planning. Facility directors may be uncertain about how recently-completed projects will impact their annual funding requirements. At the same time, executives don’t have a clear picture about how spending on facilities could support strategic organizational goals and objectives. Learn how VFA.facility can help.
Get more value from your Facilities Capital Spending. The VFA capital budgeting solution helps organizations utilize facilities capital planning to reduce risk, lower costs, improve operational efficiency and enhance customer satisfaction.
With a vast portfolio, the biggest burden for the Infrastructure of Ontario was the management of Excel spreadsheets from across the province. "VFA has simplified the ability to create one comprehensive 10-year capital plan for 1,000 buildings in 15,000 line items rather than 15,000 spreadsheets,” said Marion Birkenhead, capital planning manager, Infrastructure Ontario.