November 14, 2005—A provider of software and services for facilities management and capital planning, VFA, Inc., recently held the first of its Multi-Government Capital Planning Conference in Boston. The conference provided a forum for state and local governments to discuss the strategies for managing dynamic facilities condition information and the long-term capital planning process.
State of Missouri, City of Houston, Commonwealth of Virginia, and County of Milwaukee were among the state and local government organizations represented at the conference. Topics discussed included strategies for keeping capital asset data up to date, methods for understanding the impact of completed renewal projects on the capital plan, and processes for developing defensible budgets for facility maintenance and capital projects.
Conference presentations focused on such topics as establishing a process for multi-agency capital budgeting, cost management strategies, and how to measure and document the return on capital investment. While each state represented was at a different point in the lifecycle of their capital planning process, the States expressed a common interest in such issues as methods for maintaining accurate facilities information, getting buy-in from a myriad of State agencies, and bridging the fund gap to effectively address facility deficiencies.
The VFA Multi-Government Capital Planning Conference will be an annual forum to allow those in state government tasked with facility management and capital planning to share common challenges and best practice solutions.
For more information, contact VFA as well as see their ad on FMLink.
