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

Upcoming Live Best Practices Webinar

Topic: Failure Modes to Failure Codes
Date: Wednesday, February 14, 2018
Time: 11:00am – 12:00pm ET (10:00am CT, 9:00am MT, 8:00am PT, 4:00pm GMT)
Speaker: John Reeve, CRL, Author and CMMS Champion at TRM
As an improvement initiative, chronic failure analysis may be the most significant benefit yet to be realized by the world of asset management. This month’s webinar explains exactly how to start capturing a true failure mode in support of RCM.

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