Crucial capital planning insight from a top Kellogg Co. executive

Easing the Pain of Planning Your 2020 Budgets

Planning the annual facilities budget is always a tedious, time consuming task. From HVAC systems and flooring to cleaning and space utilization, there are many items that need to be considered when creating your annual budget. This requires more than just looking at what you spent last year and adding (or subtracting) a small percentage from the total. How you plan for the coming year not only impacts what you are able to accomplish, but also ensures you are prepared to deal with any unforeseen circumstances that arise. In addition, facility managers must look past the coming year to what projects and improvements the organization needs to complete within the next five or even ten years.


The best way to accurately forecast operational and capital budgets is with a structured long range asset management program. The lack of a prioritized asset management program can lead to wasteful emergency spending, allocating funds where it's not necessary, and investing at inopportune times.


During this webinar, we will discuss best practices in developing an asset management program and how it will help you ease the pain of budgeting for the 2020 fiscal year



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