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Alexandria, Va. — Oct. 22, 2015 — APPA announced its plans to create an American National Standard that addresses facilities asset decision making, enabling owners of buildings and facilities assets to accurately project financial expenditures throughout the “cradle to grave” building lifecycle.
The proposed APPA 1000: Total Cost of Ownership (TCO) for Facilities Asset Management will establish a common framework for owners of facilities assets to identify and more effectively track and manage costs of a facility, building, or supporting infrastructure or assets over the full life cycle, by using TCO principles.
The framework would forecast investment needs and simplify data decision requirements by creating and using a standard data set for purposes of maintaining a financially sustainable future for all asset investments.
Areas of application for this standard include project delivery (planning, design, construction, and commissioning); maintenance and operations; and recapitalization.
It is expected that the standard will be developed for application to all types of facilities assets. Potential stakeholders in the development of the standard would include owners of buildings, facilities, infrastructure, general site, and property, as well as those within the following asset management disciplines: architecture, building design and planning, construction, building/facilities management, operations and maintenance, energy management, users of assets, and capital needs planners.
As an ANSI-Accredited Standards Developer (ASD), APPA will use its Accredited Procedures for the Development of American National Standards, as approved by the American National Standards Institute (ANSI), as its operating procedures when developing APPA 1000.
APPA – Leadership in Educational Facilities promotes leadership in educational facilities for professionals seeking to build their careers, transform their institutions, and elevate the value and recognition of facilities in education. APPA is the association of choice for more than 15,000 educational facilities professionals from 1,300 educational institutions throughout North America.
For more information, visit www.appa.org.
