How to structure successful capital plans across 3 different timelines

Every senior facilities officer recognizes the importance of capital plans. However, these plans are difficult to craft effectively, which may lead to them gathering dust on shelves or becoming outdated quickly.

The challenges and goals of capital renewal planning vary across different time frames, so Facilities leaders must leverage different strategies to create adaptable renewal plans for short-, mid-, and long-term maintenance needs. Especially in an erratic funding environment, creating capital renewal plans that clearly articulate short- and long-term project priorities ensures Facilities optimizes limited capital allocations.