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OnDemand Course

Management of Existing Buildings: Best Practices in Sustainability and Development of Capital Plans

Learn how to develop a capital budget and prioritize your capital projects to ensure that you get the biggest bang for your buck.

On average, an organization spends up to thirty percent of its annual capital outlay on facilities and related infrastructure. How does that organization most effectively leverage this investment to support operations today and meet future needs? Managing capital assets for short and long-term benefit requires detailed information about the condition of the facilities and their major building systems. Each facility or department must use standardized methods for documenting building requirements and estimating costs. Capital projects must be prioritized using consistent criteria. And the capital planning and management stakeholders must be able to see the long-term impact of investment decisions. By including sustainability recommendations along with system lifecycle requirements, building owners and managers can maximize recapitalization and greening initiatives. This topic will outline a best practice process for developing a capital plan from gathering requirements and long-term planning to creating a capital budget and managing spending for maximum impact. You will learn how to determine and prioritize capital projects and develop a budget to ensure that you get the greatest benefit for your investment.

89 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Challenges in Asset Management

  • Understand Your Portfolio
  • Secure Agreement From Multiple Stakeholders on Needs and Priorities
  • Determine How to Optimize Investments While Minimizing Expenses
  • Find the Proper Tools for Complex Analysis Needs

Developing a Best Practice Plan

  • Develop a System Tailored to Your Needs
  • Ensure Stakeholder Involvement in the Process
  • Gather the Proper - and Complete - Data to Make the Most Informed Decisions
  • Incorporate Sustainability Requirements

Managing the Capital Asset Lifecycle

  • Update and Maintain Proper Facility Information
  • Constantly Analyze the Facility Data
  • Define Capital Projects and Plans
  • Maintain and Sustain the Program
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on February 11, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

James L. (Jim) Newman

James L. (Jim) Newman

Newman Consulting Group LLC

  • One of the country‚Äôs most experienced energy efficiency and green building experts
  • Known as the Dean of Green, regularly speaks to professionals, student groups, and the media about sustainability and green technology
  • Owner/Managing Partner of Newman Consulting Group LLC (NCG), headquartered in Farmington Hills, MI
  • Certified Energy Manager (CEM), LEED Accredited Professional for Building Design and Construction (LEED AP BD+C), ASHRAE Distinguished Lecturer (DL), Operations and Performance Management Professional (OPMP), Building Energy Assessment Professional (BEAP), Fellow of the Engineering Society of Detroit (FESD), and a Fellow of ASHRAE
  • Has received many awards over the years, a few of which are Green Leader by Corp! Magazine and the Detroit Free Press, Sustainable Community Champion by EcoWorks, and several from ESD, most recent were a Lifetime Achievement Award by the Detroit Chapter of BOMA (Building Owners and Managers Association) in 2019, and Fellow of ASHRAE IN 2021
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 397535
Published 2016
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