Addressing Aging School Infrastructure
With aging school infrastructure, stretching asset life and understanding how to address replacements are top of mind for Facilities teams. It’s risky to allow major equipment to run to failure when children’s learning is at stake. Keeping an eye on the big picture of facility equipment helps plan ahead for large replacement expenses before they become budget emergencies. Tracking historical costs such as expenses for parts and labor for work being done on assets–reactive and preventative maintenance, combined with the depreciated current value, allows facility managers to analyze repair trends and prioritize replacements.
The Value of Information in Tight Budgets
In these times of ever-tightening budgets and the looming fiscal cliff, there’s nothing more valuable than being prepared with information. When you can explain the details about what it takes to keep an asset maintained (parts, labor, breakdown history with associated costs), what the preventative maintenance schedule is, and how the value of the piece is depreciating over time, you can make a stronger case for what the replacement timeline should be.
Introducing iiQ Facilities’ Enhanced Capabilities
With this in mind, iiQ Facilities has introduced several important asset management-related capabilities, including the ability to automatically calculate ongoing depreciation of equipment and district assets as well as tracking their historical maintenance and parts costs. Centralizing key asset information in a searchable database allows greater visibility and data-driven decision-making. These are just the first of many enhancements coming aimed at helping facility managers strategically manage assets.
Explore iiQ Facilities for Your School District
Ready to see for yourself how Incident IQ’s industry-leading facility management workflow system can streamline business processes and optimize your school’s facility management processes? Schedule a demo today!
