Addressing needs for deferred maintenance while planning and budgeting for capital projects is critical to mitigate project delays, significantly reduce the chance of unexpected future costs, and eliminate many safety risks. Overlooking aging infrastructure can often lead to a burden on facilities management due to necessary capital investments being delayed. By getting ahead of and effectively managing needs for deferred maintenance, facilities management can avoid this burden.
Join industry thought leaders and explore best practices for managing deferred maintenance, prioritizing infrastructure investments, and integrating long-term maintenance planning into your operational strategy.
Learning Objectives:
1. Identify strategies for incorporating deferred maintenance requirements into capital project budgeting.
2. Demonstrate an understanding of the risks and long-term financial impacts of delayed infrastructure maintenance.
3. Formulate a framework for prioritizing deferred maintenance needs to avoid the disruption of capital project initiatives.
4. Outline best practices for aligning maintenance planning with facility management goals.