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.
Agenda
Faculty
James L. (Jim) Newman
Newman Consulting Group LLC
- One of the country’s most experienced energy efficiency and green building experts
- Known as the Dean of Green, regularly speaks to professionals, student groups, and the media about sustainability and green technology
- Owner/Managing Partner of Newman Consulting Group LLC (NCG), headquartered in Farmington Hills, MI
- Certified Energy Manager (CEM), LEED Accredited Professional for Building Design and Construction (LEED AP BD+C), ASHRAE Distinguished Lecturer (DL), Operations and Performance Management Professional (OPMP), Building Energy Assessment Professional (BEAP), Fellow of the Engineering Society of Detroit (FESD), and a Fellow of ASHRAE
- Has received many awards over the years, a few of which are Green Leader by Corp! Magazine and the Detroit Free Press, Sustainable Community Champion by EcoWorks, and several from ESD, most recent were a Lifetime Achievement Award by the Detroit Chapter of BOMA (Building Owners and Managers Association) in 2019, and Fellow of ASHRAE IN 2021
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