StructureTec Executive Roundtable Dinner Recap

2015 Cincinnati Executive Roundtable
 

 

StructureTec recently hosted an executive roundtable dinner in Cincinnati, Ohio. The event brought in facilities management leaders for lively exchange and roundtable discussion. Below are the highlights and key takeaways:

Industry Leaders Collaborate …

Biggest Challenges

• “Conflicting Priorities” - Investment in product line vs. facilities management
• Investing back into the business
• Age vs. condition and educating management
• Capital vs. operating costs
• Succession planning
• Maintaining CMMS systems
• Securing skilled specialty contractors, i.e. masons
• Completing all priorities
• Budget

Strategic Facilities Capital Planning

• Improve assets and slow down deterioration
• Calculate cost to maintain vs. cost to replace
• First cost vs. life cycle cost of ownership
• Consequences of neglect
• Safety—Number 1 priority
• Proof for verification—pictures
• Checks and balances
• “Cradle to grave management”
• “Carbon footprint” reduction as a tool to obtain funding
• Zero-based budgeting

Closing

• Best practices
• Run to expire vs. long term investments
• Need to review engineering economics
• Facility Decisions can:
• Add value
• Mitigate risk
• Cause damage control