Join us for an insightful roundtable discussion on asset collection and capital budgeting, featuring industry experts and peers sharing their experiences and challenges.
Learn about effective strategies for managing facility condition assessments (FCA), integrating asset data, and planning capital projects. Don't miss this opportunity to gain valuable insights and practical solutions for your organization.
Key Topics Covered
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Facility Condition Assessments (FCA)
- Discussion on starting FCA programs and the challenges faced by organizations.
- Importance of asset collection and cataloging for effective FCA implementation.
- Suggestions for starting at a system level and gradually adding detail.
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Asset Collection Challenges
- Participants share their experiences with asset collection, including hiring vendors and integrating data into AIM.
- Common challenges include lack of asset tagging, difficulty in matching vendor data with existing systems, and managing large numbers of assets.
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Strategies for Asset Collection
- Recommendations for using tools like Asset Sync to import data from spreadsheets.
- Hybrid approaches for cataloging major systems and adding detail over time.
- Importance of collaboration with vendors and internal teams to ensure accurate data collection.
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Capital Budgeting and Project Planning
- Discussion on capital projects and the importance of planning for asset renewal and replacement.
- Example from Ken Don'tman of the State of New Mexico, showcasing a digestible report for FCI and FCNI scores.
- Use of Excel charts to visualize data and identify high-priority assets for renewal.
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Risk Analysis and Reporting
- Inquiry about the ability to assign risk factors to assets and generate reports based on risk levels.
- Explanation of using useful life, remaining life, and expected renewal year to prioritize assets.
- Potential for user-defined fields to capture specific risk data.
Conclusion
- The roundtable provides a platform for participants to share their challenges and solutions, fostering peer learning and collaboration.
- Emphasis on the importance of starting with manageable steps and building detail over time.
- Encouragement to leverage available tools and resources for effective asset management and capital budgeting.