Facilities Renewal Forecasting is an estimating technique determining the funds necessary for allocation in the annual operating budget for capital reinvestment. A model is used to forecast an annual renewal allowance for needs that could occur and a pool of funds is defined to be accessed for projects as required. The forecasting method is part of a suite of decision support tools to address backlogs of deferred maintenance and capital reinvestment.
Below is a selected list of Facilities Renewal Forecasting clients:
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Boston College
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Massachusetts Institute of Technology
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Packer Collegiate School (Brooklyn, NY)
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Rensselaer Polytechnic Institute
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Syracuse University
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United States Air Force Academy
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University of Arizona
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University of Missouri – Rolla
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University of North Carolina General Administration