What is clear from the 2011 Capital Planning
Study--conducted by Appleseed Partners and Financial Executives Research Foundation (FERF)--is that millions of dollars of strategic decision-making is taking place with insufficient tools to provide for proper scenario analysis and investment analytics across the company.
Recommendation: To enhance transparency and allow for more informed decision making related to VA's real property priorities, the Secretary of Veterans Affairs should provide the full results of VA's SCIP process and any subsequent capital planning
efforts, including details on the estimated cost of all future projects, to Congress on a yearly basis.
The assessment data provides baseline information and the foundation for the analysis of needs regarding capital planning
, including cataloging deferred-maintenance needs.
A Facilities department may run a CMMS while a business office keeps track of capital planning
with a different type of software.
As a key component in company investment governance, efforts in developing and employing capital planning
processes will eventually pay off in improved business performance.
Long-term care facilities must learn to embrace a rigorous capital planning
The agencies' capital planning
processes generally link to their strategic goals and objectives, and they all consider a range of alternatives to bridge an identified performance gap--including nonownership options where appropriate.