Understand Capital Costs: The facilities assessment provides a forward looking projection for anticipated capital costs allowing owners to plan for upcoming expenditures and create better funding programs.
Determine Asset Condition: Utilize the facilities assessment to gain a comprehensive understanding of an asset's condition and current deficiencies which are keeping the asset from running at its optimal level.
Prioritize Improvements: Utilize the facilities assessment to create an objective prioritization of capital improvement projects. The facilities assessment brings together opinions and combines it with current asset conditions to create an objective prioritization of projects.
Explore Enhancement Alternatives: A facilities assessment is the baseline for maintaining the current assets. The information can be utilized to determine when, and if, enhancements should be made. This is best conducted with a Needs Assessment to ensure assets meet the needs of the organization.