In facilities management, "capital investment" and "capital planning" are often used interchangeably, confusing FM professionals. While both concepts are crucial for maintaining and improving physical assets, they serve distinct purposes and should be approached differently to achieve long-term success.

Navigating the complexities of capital planning can be daunting for facility leaders, especially when the challenge is not just identifying critical needs but securing stakeholder buy-in to move your vision forward. Success demands more than a compelling idea; you need intelligent data, financial clarity, and a strategic approach that aligns your objectives with organizational goals.

As a facility manager coming from a background in engineering or operations, preparing and presenting a funding proposal may not come easily. So we put together a quick guide with 3 smart tips to help you ensure that your capital planning projects are approved in the new year!

Are you familiar with the financial terms that facility managers and capital planners use to make informed decisions? From calculating the Payback Period to determining the Return on Investment and completing a cost/benefit analysis, many tools can help you assess the financial viability of your projects. In this blog, we'll explore these concepts and show you how to apply them. So, if you're ready to take your financial management skills to the next level, read on!