by Jbs062210 g3 — June 28, 2010—Jones Lang LaSalle has introduced a service that allows corporations to conduct comprehensive real estate capital planning, enabling detailed insight into large portfolios coupled with powerful decision support analysis. The Life Cycle Asset Management (LCAM) service determines the condition of assets, prioritizes divergent capital needs, examines capital funding strategies, matches needs to funding, and monitors the progress of capital projects.
Built on VFA‘s proven technology platforms, VFA.facility and VFA.auditor, LCAM starts with the review of individual assets and the portfolio as a whole with regard to required maintenance and the short- and long-term impact of deferring maintenance. For corporate real estate departments with a pre-determined annual capital budget, LCAM enables teams to focus on the highest priority projects. In other cases, LCAM may be invaluable in advising companies as to the optimal level of capital budget to meet critical goals, says the company.
Using the VFA platforms in concert with its own technology systems, Jones Lang LaSalle professionals compare each asset’s age and condition to the assets replacement cost. The result is a Facility Condition Index (FCI) score that enables condition comparisons across a portfolio. The embedded project prioritization matrix aligns to each client’s strategic objectives and streamlines capital prioritization across the portfolio. Capital projects resulting from a range of triggering factors including asset uptime, fire/life safety issues, aesthetics as well as standard equipment renewal can now be prioritized together.
Benefits of LCAM include:
- Visibility and tracking of capital requirements at the level of individual building system, complete facilities and across entire portfolios;
Automatic calculation of data in accordance with the Building Owners and Managers Association’s (BOMA) “useful life” measure and RS-Means cost estimating;
- Prioritization of capital requirements and projects aligned with strategic objectives; and
Capital funding scenario planning and a comprehensive reporting package.