Planning for Success with a Capital Replacement Program
Most facility organizations operate in a reactionary “firefighting” mode, tending to the largest “fires” or failures occurring that day, which is a very costly approach. One of the primary contributors to this reactive environment is deferred maintenance created by equipment that is at or beyond its useful life.
The typical “wish-list” approach has never proven successful. A consistent, manageable, one/three/five/ten-year capital forecast must be generated that substantiates the necessary facility investment.
During this session, guest speaker John Rimer, CFM, President & Founder of FM360, discusses the value of a Capital Replacement Program (CRP), and reviews how to:
1. Cost-effectively implement a CRP
2. Sell a CRP plan to upper management
3. Leverage CMMS when implementing a CRP
Original session held on August 19, 2015