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Appendix I: Capital Asset Portfolio Performance-Based Capital Planning Decision Making
Pages 158-160

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From page 158...
... Establishing and continuing a regular ongoing inventory of facility capital assets -- as has been conducted by the NIH Office of Research Facilities (ORF) -- provides the foundation for effective capital planning.1 Once the capital asset inventory baseline has been documented, assessments are conducted to determine the facility and equipment condition, typically through a life cycle condition assessment that is based on a Facility Condition Index (FCI)
From page 159...
... In addition, senior leadership will have the opportunity to more rigorously assess the comparative value of capital budget investments specific to strategic research program decisions. SUMMARY At one time, the best practices in capital asset management were limited to inclusion during design and construction phases of the facility life cycle, and the focus on performing effective preventative and corrective maintenance operations did not occur until after the newly acquired capital asset was commissioned into service.
From page 160...
...  Which facilities and equipment projects are the highest priorities, and where should the organization focus resources?  How should the organization monitor the performance of its capital assets over time and had better integrate the budgeting process for these capital assets with their performance?


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