Building a Better Business Case for Your Facilities Master Plan
Budget pressures are nothing new to facilities managers, whether they work in a corporation or the public sector. This session discusses an approach to developing a facilities master plan that will help make sure the portfolio supports the organizationâ€™s overall strategic goals, allowing managers to prioritize their operational and financial activities related to each property. Progressing from the first step â€“ developing the asset inventory, through asset strategic alignment, identifying opportunities, developing business cases for projects, and crafting budget strategies, the facilities master plan culminates with an implementation road map with timelines and suggested activities.
1. Verify how to collect and analyze comprehensive facilities data and compare it to relevant facilities benchmarks
2. Learn how to identify opportunities to minimize financial shortfall and reduce the deferred maintenance backlog
3. Construct a business case model that can be use to pursue opportunities and justify future facilities funding requests
4. Create a road map to implement the facilities master plan