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.
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.
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.
Professional Condition Assessments to Create Accurate Long-Term Capital Plans | VFA’s Facility Assessment solutions ensure that organizations get the accurate, objective and defensible condition data needed to maximize facility budgets and secure funding. Integration with our market-leading cloud software offers unparalleled decision support for strategic facility capital planning and management.
With a diverse set of facilities comprising 2.5 million square feet of space to serve the growing population, Anoka County had outgrown its manual, home-grown facilities management solution. In order to continue supporting the county’s growth and aging infrastructure, the county implemented FAMIS Maintenance Management to achieve its goals.