Capital Planning

Public and private sector organizations are continuously challenged to operate more economically on smaller budgets. Understanding the “current state” of an asset and predicting its potential end-of-life or need for replacement is critical when trying to prioritize capital expenditures.

A successful Capital Planning Initiative requires:
  • Focusing on the entire asset lifecycle of design, construction, commissioning, operating, maintaining, repairing, modifying, replacing, and decommissioning of physical and infrastructure assets
  • Establishing quality baseline asset information (e.g., service life, original/replacement cost, etc.
  • Integrating asset performance information (e.g., SCADA interface, utility billing information, historian information) into an asset management system
  • Formulating a Condition Assessment Initiative to understand the asset’s current state
  • Forecasting capital expenditure needs based on justifiable data to eliminate “gut feeling” and politically-driven decisions (e.g., asset information, asset performance information, asset condition assessment information)

We help organizations gain a forward-looking projection by emphasizing key capital planning activities. Combining a Capital Planning Initiative with an Asset Management System drives informed decisions relating to maintenance, operations, engineering, and finance.

Business Process Design
Performance Management
MRO Inventory and Procurement
Master Data Management
Capital Planning