Management of Existing Buildings: Best Practices in Sustainability and Development of Capital Plans

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.