How do you start planning your facility’s budget for next year? Do you take educated guesses about what your facility’s priorities are? Do you use last year’s capital spending as a guide?
If the answer’s yes, then you’re definitely not alone. A lot of facilities dread creating a budget. They spend hours poring over old documents when there’s other work that needs their attention. They can’t agree on where the available capital needs to be funneled or how much of it. On top of that, the results are often detached from the actual facility operations.
It’s enough to pull your hair out. Thankfully, there’s another option.
With a Dynamic Facility Condition Assessment, capital planning doesn’t have to be a black hole that sucks up your time and resources. Instead, it classifies each asset, objectively assigns and tracks asset performance, and helps you prioritize what needs immediate attention. It can also help you look ahead and see what other maintenance issues may be coming down the road.
The biggest advantage is that data can be pulled at a moment’s notice. No one has to dig through paperwork, and the system is flexible. If you need information on a particular system, you can pull it up as a whole or separate out the individual pieces for further investigation. It gets you the up-to-date information you need so your budget becomes the result of daily management, not guesswork.
Sounds good, right?
Capital planning doesn’t have to be one of the worst parts of your year, but it is one of the most important. So don’t leave it to chance. Get objective, real-time data with the Dynamic Facility Condition Assessment, and build a budget that will meet your needs.