November 30, 2005—VFA, Inc., a leading provider of software and services for facilities management and capital planning, brought together top organizations from the healthcare, education, government and corporate sectors from the US and Canada at its annual customer conference earlier this month in Boston, where they highlighted trends and best practices in facilities management and planning.
In his introductory address, VFA President and CEO Jerry Kokos noted that for most organizations, real estate is one of their largest assets, but one that is potentially underutilized. Corporate America alone has over $4.2 trillion in property, plant and equipment on the balance sheet, and almost one-third of that amount is real estate. As organizations look at real estate assets more strategically, the role of facilities directors and capital planners is becoming increasingly critical.
Other topics discussed in conference presentations and roundtables included: processes for aligning facilities investments with the overall vision of an organization, approaches to maintaining accurate facility condition information across large portfolios, methods for measuring and documenting return on capital investment, and integration of facilities data with other enterprise systems.
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