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Product ID: 397535EAU
 
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Management of Existing Buildings: Best Practices in Sustainability and Development of Capital Plans

OnDemand Webinar (89 minutes)

Learn how to develop a capital budget and prioritize your capital projects to ensure that you get the biggest bang for your buck.

On average, an organization spends up to thirty percent of its annual capital outlay on facilities and related infrastructure. How does that organization most effectively leverage this investment to support operations today and meet future needs? Managing capital assets for short and long-term benefit requires detailed information about the condition of the facilities and their major building systems. Each facility or department must use standardized methods for documenting building requirements and estimating costs. Capital projects must be prioritized using consistent criteria. And the capital planning and management stakeholders must be able to see the long-term impact of investment decisions. By including sustainability recommendations along with system lifecycle requirements, building owners and managers can maximize recapitalization and greening initiatives.

This topic will outline a best practice process for developing a capital plan from gathering requirements and long-term planning to creating a capital budget and managing spending for maximum impact. You will learn how to determine and prioritize capital projects and develop a budget to ensure that you get the greatest benefit for your investment.

Authors

James L.(Jim) Newman, Newman Consulting Group LLC

Agenda

Challenges in Asset Management

• Understand Your Portfolio

• Secure Agreement From Multiple Stakeholders on Needs and Priorities

• Determine How to Optimize Investments While Minimizing Expenses

• Find the Proper Tools for Complex Analysis Needs

Developing a Best Practice Plan

• Develop a System Tailored to Your Needs

• Ensure Stakeholder Involvement in the Process

• Gather the Proper - and Complete - Data to Make the Most Informed Decisions

• Incorporate Sustainability Requirements

Managing the Capital Asset Lifecycle

• Update and Maintain Proper Facility Information

• Constantly Analyze the Facility Data

• Define Capital Projects and Plans

• Maintain and Sustain the Program