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 IoT of Maintenance – What’s Important & What’s Not
Date: Wednesday, January 17, 2018
Time: 11:00am – 12:00pm ET (10:00am CT, 9:00am MT, 8:00am PT, 4:00pm GMT)
Speaker: James Kovacevic, Principal Consultant at High Performance Reliability
During the webinar, attendees will learn the benefits of the IoT for maintenance teams, what foundations need to be in place to realize these benefits, and common pitfalls and misconceptions about IoT.

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