Name
Funding & Administration Track: Developing the Project Funding Needs for a Successful Project
Location Name
Savannah A, 10th Floor
Date & Time
Monday, February 17, 2020, 4:00 PM - 5:15 PM
Description

Moderator: Jim Venker, Industry Consultant, Venker Consulting, LLC.

Presenter: Jeffrey Kent, President, Association of Medical Facility Professionals

The clash between life cycle and first cost never ends. Design, construction, operations, and finance stakeholders all have differing viewpoints on how to manage these costs. Budget cost models can be helpful to mediate these discussions. In this session, attendees will discover how to effectively utilize budget cost component models to accurately develop a deliverable project budget.

Learning Objectives:
1. Learn why life cycle cost and first costs are equally important and not mutually exclusive.
2. Explain the incentives and disincentives that created the conflict and means and methods to resolve it.
3. Understand the various Cost Model Components that make up the budget and how to approach them at the various stages of budgeting to ensure that they meet the needs of the development of the financials and funding models.
4. Identify how to approach buying out the project to keep it within the financial project goals.

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