Narration: English / Subtitles: Spanish-Latin America

Facility managers, especially those responsible for large portfolios, often struggle to balance day-to-day maintenance needs with long term asset preservation and other requirements for programmatic facility changes. Shrinking operational budgets, increasing deferred maintenance, and an organizational bias towards new construction rather than maximizing the life of existing facilities can lead to a sense of impending doom: "Why doesn't anyone else see the problem? How much longer can this go on before we have a major system failure?" This presentation will help facility managers think about facility planning using economic principles for long-term management and help them shape future approaches for management of their portfolios.

Learning Outcomes:

• Describe the similarities and differences between operational and capital funding.
• Develop a systematic approach for defining long term facility renewal and replacement needs.
• Apply strategies for deferred maintenance reduction and long-term sustainment of facilities.
• Prepare a capital renewal plan that considers organizational priorities and facility needs.

Course Structure:

• Handout
• Video Content
• Evaluation
• Certificate of Completion

*IFMA is authorized by IACET to offer .1 CEUs for this program.

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