Putting the Green into Green Buildings by Focusing on Operations' ROI
A building is supposed to facilitate operations as efficiently and economically as possible, yet the traditional focus is on efficiency, not economics. Sustainability goals are often an afterthought (so how much more will it cost to make the building sustainable?), and operations are rarely addressed during design. However, 80-90 percent of a building's life cycle costs are actually from operations. Given that the financial benefit of sustainable design is reducing operating costs, what can be achieved by designing with a focus on operating costs and sustainability goals? This approach can significantly impact the bottom line, with results that your CFO will love!
1. Understand a building cost financial model based on Total Cost of Ownership (TCO)
2. Examine return on investment (ROI) analysis to evaluate design decisions
3. Appreciate the direct connection of sustainable design and operations costs
4. Develop a program of requirements for a new building or renovation that focuses both on spatial needs and operations costs