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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.

Runtime: 89 minutes
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Why Lorman?

Over 32 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 32 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 Webinar

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 32 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

  • Owner and managing partner of Newman Consulting Group, LLC consultants for energy-efficient and sustainable buildings
  • Helps clients access alternative financing for energy projects, including PACE (Property Assessed Clean Energy) and Power Purchase Agreements (PPAs)
  • Understands how to move desired improvements off the balance sheet and garner support from stakeholders for financial decisions
  • Conducts seminars and webinars internationally on energy efficiency and sustainable operations and maintenance practices
  • Writes articles in professional publications on saving money through energy efficiency and improved maintenance in commercial, industrial and institutional buildings
  • Past board member of the U.S. Green Building Council (Detroit Regional), member of the Energy and Environment Committee of BOMA International (Building Owners and Managers Association) and chair of BOMA Detroit’s Sustainability Committee
  • Certifications: Certified Energy Manager, Certified Sustainability Development Professional, LEED AP BD+C (Leadership in Energy and Environmental Design, Accredited Professional for Building Design and Construction), ASHRAE Building Energy Assessment Professional (BEAP), ASHRAE Operations and Performance Management Professional (OPMP)
  • Received ASHRAE’s Distinguished Service Award in 2012 and 2013, and Detroit Free Press Green Leader Award – Honorable Mention, 2010
  • Fellow of the Engineering Society of Detroit (FESD)
  • M.B.A. degree, University of Detroit and Wayne State University; B.S.M.E. degree, Tufts University
  • Can be contacted at 248-626-4910, [email protected] or @jimndeanofgreen
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Why Lorman?

Over 32 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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