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Journal of Undergraduate Research

Keywords

facility capital investment laboratory, FaCIL, fixed assets, capital assets

College

Ira A. Fulton College of Engineering and Technology

Department

Technology

Abstract

One of the greatest difficulties a manager has in the current economy is being able to validly show the value that is being created by their efforts. After human resource and related issues the greatest expenses an organization faces is the total cost of ownership of their fixed assets. Many organizations both private and public are coming to the understanding that a plan must be developed for the care of facilities and other capital assets. As one looks for information on how to proceed in the development of these plans one thing becomes clear, there is no single source that can provide information on best practices, benchmarking, and current research in this discipline. To remedy this discrepancy in information an organization must be established to act as a leader in the field and have sufficient credibility to be able to teach the best practices in such a way that those who learn them will be intellectually compelled to implement and execute them.

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