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: The importance of leadership on the reliability journey
Date: Wednesday, May 9, 2018
Time: 3:00 p.m. – 4:00 p.m. ET (2:00 p.m. CT, 1:00 p.m. MT, 12:00 p.m PT, 7:00 p.m. GMT)
Speaker: Dave Reiber, Senior Reliability Leader, ReliabilityWeb.com

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