OVERVIEW
Organizations throw away 5 percent (or more) of their facilities capital budget each year. This is because there historically hasn’t been an easy way to tie operational information to capital planning. As a result, money is spent on capital repairs that don’t have a long-term benefit for the organization. When the annual capital plan is developed, anecdotal evidence is used to determine which assets need to be addressed. And the importance of other business factors, such as how critical the building is or the consequence of failure, aren’t even considered when allocating capital.
DESCRIPTION
