Whether our team or a facilities condition assessment company has developed your institution’s project inventory, Sightlines has a series of tools that will assist your campus in defining a multi-year project investment plan. The process is designed to reflect the concepts of financial investment and portfolio management. It engages senior leadership to set investment directions rather than making specific decisions on projects. This strategic focus on investment directions allows the campus decision makers to target investments that reflect the university goals and assigns project selection responsibility to the operational managers best equipped to make those judgments.
What Can Building Portfolios Do For You?
- Group buildings as a portfolio of assets, the structure of which can be strategic, functional, programmatic, geographic, or any combination of these attributes or a multitude of others
- Develop a portfolio plan that tends to reflect the institutional priorities and aspirations
- Since seldom are resources adequate to meet all campus needs, we use the Building Portfolios to define areas of emphasis and distribute funding across campus facilities
- Understanding university goals and objectives, we set priorities for resource allocation that does not suggest that one project is less important than another on an individual basis, but rather another project’s “turn” will come further down the road
Remember that not all buildings are created equal. Is there a group of buildings that should receive a higher standard of care? Perhaps there are recent investments to preserve or programs that should be supported. On the other side, perhaps there are buildings that are deemed transitional that should not receive funding. Using the NAV or FCI as a guide, portfolio specific goals should be set in order to begin informed budgeting.
Facilities and program leaders can share a project selection process that incorporates thousands of project options into a handful of strategic decisions. More importantly, the process assures that financial and strategic goals drive the project selection rather than countless individual project decisions without a cohesive investment objective.