You’ve watched backlogs grow, and you know a little something about “living into your budget.” According to the 2021 ASCE School Infrastructure Report Card, 53% of public school districts report the need to update or replace multiple building systems.” And that’s just a hint of the data that contributed to ASCE’s D+ grade for school facilities.
But just like a teacher who sees through a student’s grade to their potential, something told you your facilities can do a lot better than a D+, regardless of your budget constraints. You sensed there was a way to get clearer on your bigger systems picture and chip away toward progress.
That way is called strategic asset management. And the term is less important than what it can do for you.
Let’s take a look at the top three ways strategic asset management can help today with the facilities capital planning at your school or educational organization.
The first step in improving your facilities capital planning is to better understand everything you own. This information feeds your CMMS (like Asset Essentials™).
Why it’s important: If you have a full understanding of what you have, then you can move beyond estimates and spreadsheets — which can get used past their expiration date and stuck in a silo. You have accurate, up-to-date data that all your constituents can see, and that you can base future planning on.
In partnership with an implementations team, you’ll record:
What you can do with this new data:
This data-driven approach moves your institution out of the land of estimates and into the driver’s seat of your planning.
Now that you have a full asset registry for your facility systems, together with the budget data you’ve entered into your SAM (or strategic asset management) system, you can begin to reap the full benefits of this approach. And this is the fun part — where you can accelerate and see the results of multiple what-if scenarios in minutes.
Without any special training, your team can run systems lifecycle modeling from Capital Predictor Core™ for Asset Essentials™. From these simulations, you’ll see the results of three different funding scenarios and know:
You know that having all the data in the world won’t matter if you can’t communicate it in a way that everyone can understand. With the outputs of strategic asset management, you’ll have:
Strategic asset management is another way of saying 'find new ways to help your facility systems live up to their fullest potential.''
You can revisit annually or quarterly and commit to making your plan a living document. And then you can shift focus away from the list of busted boilers and dangling acoustic tiles, and toward predicting and meeting the learning needs of your community.