What is it?

What is Facility Asset Management?

The creation of a framework to manage high-value facility equipment and systems from cradle to grave. It involves a plan to acquire, operate, maintain, renew, and retire assets. A Facility Asset Management Plan identifies all high-value assets, evaluates and monitors their condition, and probability and impact of failure. The plan provides management a clear understanding of their current condition, risk, and enables the development of an asset and facility strategic plan.

What is Facility Capital Planning?

Typical internal finance is focused on a 3-to-5-year capital forecast; however, many facility assets have a 15-to-50-year life cycle with a significant periodic cost within their life. A Facility Capital plan documents the ongoing capital maintenance plan for each asset and optimizes capital outlays to mitigate operational risk and business impact while flattening costs over a specific period. 

Key Benefits to Asset Management?

• Empower management to understand cost and risk at a granular level while managing at an executive level

• Improve ability to:

  • Anticipate cost

  • Minimize downtime and impact on the business

  • Plan for maintenance and upgrades

  • Minimize total cost of ownership at the asset and facility level

• Enables management to understand the total cost of ownership and make strategic asset level decisions

  • Ongoing operational cost and repair and refurbishment cost

  • Replacement cost and future operating cost

What Typically Happens

Disconnected Process

• Siloed or incomplete data

• Disparate systems

• Unsynchronized, unshared, inconsistent data

• Inconsistent evaluation criteria

• Non-compliance

• Inaccurate or incomplete forecasts

Impact to Business

• Unplanned downtime

• Capital cost peaks

• Inaccurate forecast

• FTE Fluctuations

• Higher operating cost

• Impact to asset life

• Impact to occupants

Our Process = Connected Process

Benefits of a Connected Process

• Single source of truth

• Capital planning accuracy (S- & L-Term)

• Control capital and operational cost

• Control impacts on FTE demand

• Right sizing facility & project team

• Agile planning process

• Mitigates unforeseen risk

• Work prioritization

• Long-Term footprint planning

What We Do

Asset & Capital Planning

We support our clients in understanding their real estate assets and how to manage their current footprint needs against future footprint demand in addition to their asset lifecycle operational and capital cost. We take the guesswork out of developing a dynamic and interconnected plan.

Our Process:

• Asset Identification & Condition Assessment – identify all high-value assets and score condition and criticality

• Maintenance Strategy – develop a 30-yr life-cycle plan for critical assets

• Resources – evaluate the impact on asset availability and operating FTE demand by trade and management

• Capital Plan – develop optimized 30-yr capital maintenance cost and project staffing plan

• Footprint Strategy – support clients in evaluating their footprint needs against current footprint and develop long-term footprint strategy

Benefits of Our Process:

• Risk Mitigation & Good Business Practice

• Improved Reliability and Uptime

• Long-Term Understanding of Assets, Cost, & System Integrity

• Lower Total Cost of Ownership