Facility management involves so much more than simply managing buildings, infrastructure, and services—it is critical to the successful functioning of every organization.

Making Strategic Decisions: Enhancing Facilities through Capital Planning Software for Long-Term Investments

This blog discusses making strategic decisions to enhance facilities with capital planning software for long-range investments. Better-managed facilities result in a safer built environment and lead to reductions in environmental impact.

When facilities are adequately maintained and optimized, they are less likely to pose safety risks to occupants and visitors. Regular inspections and proactive maintenance help identify and address potential hazards before they become significant issues.

Physical asset optimization is about making strategic improvements to the effectiveness of your overall asset management methodology by providing more holistic adjustments.

But first, a few key terms:

Asset is an item of value owned.

Optimization is the process or methodology for making something as functional or practical as possible.

Creating value with asset management optimization must go beyond simple cost-reduction strategies. Here we drill down into the top 6 ways implementing Capital Planning Software leads to better decision-making.

Strategic Facility Management

It knows when to do the proper work at the right time to deliver the right level of service. To provide the best service possible, it's essential to prioritize the right tasks at the appropriate times. Doing so can ensure that you deliver the highest quality and efficiency.

So take the time to evaluate your workload and determine which tasks must be completed first and which can wait until later. This way, you can focus on the most critical work and deliver exceptional service to your clients or customers.

More than Maintenance

Effective asset management involves establishing strong leadership to lead the way in driving change and implementing necessary controls throughout the organization. This requires a comprehensive management system integrated across all departments and functions, ensuring that all assets are accounted for and maintained to maximize their value and minimize risk.

By taking a proactive approach to asset management, organizations can better optimize their resources, reduce costs, and improve overall operational efficiency and effectiveness. Asset management is more than routine maintenance projects; it requires leadership to drive change and implement controls through a facility management system implemented across the organization.

Learn more about our leadership team.

Improve ROI

Efficacious asset management makes a significant contribution to a company's profitability. It is common to achieve a 30% increase in efficiency savings through proper asset management.

By optimizing the use of resources and reducing waste, businesses can improve their bottom line and increase their competitive advantage. Asset management delivers value by contributing to the bottom line – a 30% efficiency savings is typical.

Contact us to find out how software improves ROI.

Value for Your Customers

Properly managing assets lead to fewer issues and problems, ultimately leading to better overall performance. By staying on top of maintenance and repairs, organizations can ensure that their equipment functions at its best and avoid costly downtime.

Additionally, regular assessments of assets can help identify areas for improvement and optimization, further enhancing performance. Taking a proactive approach to asset management can significantly benefit businesses and their bottom lines. Better-managed assets have fewer faults and failures, resulting in improved performance. 

Organizational Objectives

In addition, optimized asset management leads to significant reductions in environmental impact. Organizations can minimize their carbon footprint and contribute to sustainability by implementing energy-efficient technologies and practices. For example, intelligent building systems and sensors can help optimize energy usage and reduce waste.

Overall, by prioritizing asset management and implementing effective strategies, organizations can create a safer built environment, reduce their environmental impact, and promote the well-being of their occupants. These benefits align with organizational objectives and contribute to long-term value and success.

See how we're moving the built environment forward.

The Digital Difference

Implementing better information and data analysis practices helps organizations to save significant capital. Studies indicate better-managed information and data analysis save organizations at least 5% of their total expenditures.

This underscores the importance of investing in information management tools and techniques to help organizations operate more efficiently and cost-effectively. By doing so, businesses can save money and improve their overall market performance and competitiveness.

Unlocking Strategic Facility Capital Planning

Proper asset management contributes to a healthier indoor environment. Regular cleaning and maintenance of HVAC systems, for example, improves air quality and reduces the risk of respiratory issues for occupants. This not only enhances the well-being of individuals but also improves productivity and overall satisfaction at work.

Facility Management is more than managing property assets; the discipline is crucial to achieving maximum value from workplace and environmental benefits that improve productivity and protect employees and consumers.

When considering value in facility asset management, organizations must evaluate the balance between cost, risk and performance, thereby allowing better-informed decisions. Therefore, moving beyond cost-cutting strategies and implementing a holistic asset management optimization methodology is necessary to create long-term value for your organization.

At Intellis, we are subject matter experts with decades of experience in developing solutions that prioritize investments, plan capital projects and drive meaningful outcomes for the facilities you manage.

Having a comprehensive capital investment plan in place will help to alleviate some of that uncertainty. Now is the time to utilize powerful digital tools to ensure your campus is prepared to leverage the best use and optimal performance of all capital resources with Intellis' solutions.

Learn How Software Improves Facility Capital Planning: Schedule a Demo

From unlocking actionable insights in facility condition assessment data to capital planning, FOUNDATION by Intellis has proven functionality and capabilities to ensure that all campus facilities are prepared to deliver on your school's mission: education.

Intelligent Implement innovative, automated software that you can rely on.

Predictive Identify issues before they arise so you can create action plans sooner.

Innovative Share reports quickly and efficiently to gain buy-in from key stakeholders.

The less time you and your facility management team spend on tedious administration, excel, and data entry, the more time you can focus on delivering an empowering student experience.

Find out how software optimizes facilities leading to better long-range capital planning.