CAFM: Reduce Operating Budgets by 10-15%

According to Phil Hanlon, Vice Provost for Academic & Budgetary Affairs at the University of Michigan, a 1% decrease in construction will save $4-million in operational costs. This means that higher education institutions need to look seriously at better utilizing the space they have—especially now that new construction is on the decline.
 
The first step toward efficient space and operational management is developing an integrated, strategically aligned plan (ISAP) that links campus & facility planning to academic and resource planning. Institutions need an accurate accounting of all campus spaces rolled into a single, centralized database that can be utilized by college planners for ISAP and by each campus for improving day-to-day operations. According to Gartner research, by automating facility and space management, organizations can reduce their operating budgets by 10-15%. Therefore, it is critical for higher education institutions to be able to understand the cost, amount, quality, environmental effectiveness and utilization of all their space across all campuses.

CenterStone Supports Indirect Cost Recovery of Research Grants:

• Conduct accurate space surveys
• Associate and track grants, PIs, and space usage

The CenterStone Facilities & Space Management solution offers tools for:

• Space management
• Move/Add/Change
• Telecom and cable management
• IT inventory & tracking
• Site and employee services
• Office hoteling and room reservation
• Physical security assessments
• Environmental health and safety

CenterStone Asset Management offers tools to:

• Track asset inventory
• Graphically identify asset locations
• Manage preventive and reactive asset maintenance
• Reduce the cost of infrastructure maintenance and repair
• Plan and manage capital investments and operations
• Integrate facility and asset information for more accurate budgeting