Increasingly, institutions across all industries—from education to healthcare to government—want to align buildings and capital investments with the organization's mission. This requires a focus on different types of outcomes beyond reliability and efficiency. It is precisely aligning the facilities budget and capital investments with the overall strategic plan for the organization. This will enable the institution to be more impactful.

Top 3 Smart Ways to Align Facility Capital Investments with Institutional Mission

Facilities are one of the most valuable assets for a business or organization. However, developing a long-term facilities investment strategy that the key stakeholders at the institution can depend upon is often a challenge.

For example, redesigning an institution's budget request form to include strategic importance can ensure that key initiatives are implemented. Strategic planning can also support fundraising campaigns by developing a wide-ranging support network, establishing institutional priorities, and setting evidence‐based metrics.

In this blog, we discuss three tips for aligning facility investments with organizational mission.

Assess the current situation

The first step toward making a capital investment plan for your facility is understanding the current situation. Next, facility managers and directors should work with key decision-makers to thoroughly evaluate all physical assets.

Learn why facility condition assessments are so critical.

Often, this begins by collecting building data via a Facility Condition Assessment. The Facility Condition Assessment process involves regular inspections that evaluate an asset's visual and physical conditions, performance characteristics, and the risks and impact of failures.

Learn how Intellis software makes facility condition assessments more efficient. Schedule a demo.

A facility condition assessment strategy incorporating walk-through inspections and mathematical modeling will provide a baseline that allows organizations to monitor and maintain the performance of physical assets, make intelligent capital investment decisions based on data, and secure the necessary funds for reinvestment.

See how Intellis improved Facility Condition Assessments for the New York Housing Authority.

Develop a project inventory

You can develop a comprehensive project inventory with the data collected during the facility condition assessment. Think of it like a database filled with all current and future capital projects your organization needs to carry out to fulfill its mission.

A project inventory combines facility condition information with the significant institutional knowledge available inside the organization from facilities and maintenance personnel. This results in an integrated and supportable single living document within the institution. Developing a project inventory allows decision-makers to understand the particular investment demands of individual facility segments being managed.

Learn how Intellis software can help you develop a project inventory. Schedule a demo.

Implementing technology like the FOUNDATION platform will help your team develop this project inventory efficiently. FOUNDATION features a comprehensive Life Cycle Costing tool that accurately estimates operating and maintenance budgets over extended periods. This data will help develop and validate reliable budgets and assess long-term financial needs.

Connect funding to projects

Within the project inventory, it is essential to define each project with specific criteria like the mission, function, financial criteria or classification, programmatic value, geography, etc. Then, each project can be further organized by system, priority, or impact. This approach allows decision-makers to understand the investment demands of managing individual facility segments.

One of the most significant benefits of implementing technology like FOUNDATION is that our platform can automatically prioritize capital spending projects based on your institution's specific needs related to its mission.

Implementing technology for improved efficiency

Top 3 benefits of Intellis's FOUNDATION platform:

• Develop multi-year capital plans with projects explicitly targeted to the organization's needs, like renovations, space relocation or consolidation, or utility infrastructure improvements.
• Gain approval on increased funding for deferred maintenance projects.
• Make strategic decisions based on real-time building data so that your facilities team can effectively align with the institutional mission and optimize funding for the future!

Are you interested in learning how Intellis can help your organization align capital investments with the institutional mission?

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This blog discusses the importance of aligning facility capital investments with an organization's mission and provides three smart tips. Learn how Intellis's FOUNDATION platform can help you efficiently develop a project inventory and prioritize capital spending projects based on your institution's specific needs. Optimize funding for the future and align with your institutional mission with Intellis.