Consequential Facility Condition Assessment: Developing Accurate and Consequential Capital Plans that Result in Increased Funding
Faithful+Gould and the Georgia Institute of Technology (Georgia Tech) propose presenting a case study illustrating the positive outcome when a condition assessment is performed the correct way. Facilities Condition Assessments should provide intelligent data that drives informed decisions regarding capital investment. Some reporting is at too high of a level not drilling down to the level that sufficiently identifies investments by building components, and other reports are too granular providing too much detail so that the most important information is lost in the report.
In an effort to promote good stewardship of resources, the Georgia Institute of Technology (Georgia Tech) is quantifying and prioritizing capital and maintenance needs by having a comprehensive facility condition assessment of 112 buildings containing more than 6.5 million square feet. When the assignment is complete, Georgia Tech will have an asset management system that establishes an accurate baseline condition and that recognizes subsequent maintenance and upgrades yielding a dynamic and powerful tool to program facility operations with certainty and confidence, as befits a great technological university. We will use the assignment at Georgia Tech to exemplify the benefits of consequential and non stastical condition assessments.
1. Participants will learn how consequential and non statistical condition assessment can lead to receiving additional funding.
2. Participants will learn how showing the consequence of inaction and assigning risks to systems and defects allows for effective management of deferred maintenance
3. Participants will learn how moving beyond statistical condition assessment creates new faith in the condition assessment process
Rob Moore, Georgia Institute of Technology; Benjamin Dutton, Faithful+Gould, Inc.