Developing a Successful Capital Renewal Program

April 13, 2011

Guest Blog: By Fred Stetson, MFE, Stetson Management Solutions, LLC, Senior Manager for Facility Operations (Retired), California Administrative Office of the Courts

Does your current capital renewal program maximize your asset performance and deliver a healthier bottom line? Do you have a clear understanding of how much is needed to keep current facilities renewed? How do you justify these costs to senior management to get the funds you need?

I will be speaking at VFA Connections, May 1-3, on this topic, and will cover the five fundamental steps that facility managers can use to build an effective capital renewal program. We’ll look at an example of an organization that is using capital renewal programs to justify capital funding and achieve higher ROI from their capital investments.

While buildings were designed to only last for a finite time, the reality is that you will be living with them far longer.  The sooner you engage in an effective capital renewal program, the more you will see in benefits across the years.

Fred Stetson
Stetson Management Solutions

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