As the March 31 reporting period approaches, District School Boards (DSBs) are faced with the task of reconciling their year-to-date capital project expenditures with EFIS (Education Financial Information System), by May 15, 2020, in order to receive their allocation of SCI (School Condition Improvement) funding.
The beginning of a new year and a new decade is the perfect time to consider tackling an important issue for all Asset and Facility Managers. Do you find it challenging to set realistic expectations for the results of your capital renewal program? If you do, you are not alone.
For decades, Property and Asset Managers have been developing Capital Renewal Strategies independent of their Maintenance Management Strategies for their portfolios in an effort to drive more value (i.e. profit, educational outcomes, reduced patient stays, etc.), out of their buildings.
In today’s complicated world of aging infrastructure and constrained funding, the most critical question Asset Managers need to answer is “Which High is Higher than High?”.
Across all sectors of the facility asset management industry we have consistently heard organizations displeasure with their budgeting process. We would like to introduce you to a different approach that we have developed that has improved overall capital investment decisions, while reducing the burden and stress on the team members involved.