Maintenance Optimization & Capital Planning Strategies
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Maintenance Optimization & Capital Planning Strategies
Helping to advance the art and science of the Reserve Study and Depreciation Report. Sharing personal insight from hundreds of projects.
Curated by David Albrice
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"Maintenance" vs. "Care" - What's the Difference and Why Should I Care?

"Maintenance" vs. "Care" - What's the Difference and Why Should I Care? | Maintenance Optimization & Capital Planning Strategies | Scoop.it
I have experienced some "a-ha moments" in my career.I may be watching an expert give a talk at a conference and I say to myself: "Now I get it. Now that makes sense and I can incorporate that insight
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Buildex Seminar on Depreciation Reports

Buildex Seminar on Depreciation Reports | Maintenance Optimization & Capital Planning Strategies | Scoop.it
I will be speaking at Buildex Vancouver on Depreciation Reports (Reserve Study) case studies - Feb. 13, 2013. Seminar is being hostged by PAMA. Come join us - lots of good information to share with condo owners.
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CBC News - Depreciation Reports

CBC News - Depreciation Reports | Maintenance Optimization & Capital Planning Strategies | Scoop.it

It is important for all condo owners to realize that a Depreciation Report (Reserve Study) is not a witchhunt. The report should reflect the positive work that some condo owner groups have been doing in terms of maintenance on their properties. Buildings that have already been through major projects will see this recognized in the report.

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Funding Models Help Owners Manage Risk

Funding Models Help Owners Manage Risk | Maintenance Optimization & Capital Planning Strategies | Scoop.it

The alternative funding models in a Reserve Study (Depreciation Report) help owners select a funding level to match their tolerance for risk. See infographic.

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Number of Assets in a Reserve Study

Number of Assets in a Reserve Study | Maintenance Optimization & Capital Planning Strategies | Scoop.it
See how many assets (reserve components) are included in a Reserve Study (Depreciation Report) for different types of buildings.
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Plan the Work and Work the Plan

Plan the Work and Work the Plan | Maintenance Optimization & Capital Planning Strategies | Scoop.it

Margaret Thatcher said: "Plan the Work and Work the Plan".  A Reserve Study (Depreciation Report) is useless if the plan is not turned into action.

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How a Depreciation Report helps Buyers

How a Depreciation Report helps Buyers | Maintenance Optimization & Capital Planning Strategies | Scoop.it
Graphic to illustrate how a Depreciation Report (Reserve Study) helps buyers make an informed decision when selecting between properties.
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"Failing to Plan is Planning to Fail"

"Failing to Plan is Planning to Fail" | Maintenance Optimization & Capital Planning Strategies | Scoop.it

This famous quotation is attributed to Winston Churchill.  A Reserve Study (Depreciation Report) is a planning tool to help condo owners make informed decisions.

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Beyond Depreciation Reports

Beyond Depreciation Reports | Maintenance Optimization & Capital Planning Strategies | Scoop.it

Educational seminar titled: "Beyond Depreciation Reports" to be held by RDH Building Engineering on June 19 at Creekside Community Centre. Stay tuned for updates.

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Defensible Financial Data is Essential for a Reserve Study

Defensible Financial Data is Essential for a Reserve Study | Maintenance Optimization & Capital Planning Strategies | Scoop.it
A Reserve Study (Depreciation Report) should be based on defensible financial data and a sound methodology in order to have true value for the owners.…...
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Optimism, Pessimism & Realism in a Reserve Study

Optimism, Pessimism & Realism in a Reserve Study | Maintenance Optimization & Capital Planning Strategies | Scoop.it

A Reserve Study (Depreciation Report) should not be "pessimistic" or "optimistic" in its forecasts about the future. The report should be "realistic". To learn more: http://www.assetinsights.net/Glossary/G_Realistic.html

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"A good plan today is better than a perfect plan tomorrow" (G. Patton)

Dont waste time - get your Reserve Study (Depreciation Report).  Request proposals so that your owner group can make an informed decision.

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7 Reasons why Maintenance Doesn't Get Done Properly

7 Reasons why Maintenance Doesn't Get Done Properly | Maintenance Optimization & Capital Planning Strategies | Scoop.it
Let’s face it folks -- maintenance is boring, few people want to do it, let alone think about it.As a consultant I have heard the same old stories over and over again. It is the perennial human
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The stakeholders in a Reserve Study

The stakeholders in a Reserve Study | Maintenance Optimization & Capital Planning Strategies | Scoop.it
There are many stakeholders in an effective Depreciation Report (Reserve Study) - including developers, owners, managers, real estate agents, buyers, etc.…The infographic provides an introduction to the varied perspectives of the stakeholder group.
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Drawings must not be Disrespected

It is shocking how some owners store their construction drawings before they commission their Depreciation Report (Reserve Study). See a photo comparison of the different levels of care that some condo groups have applied to the archiving of their plans.

 

It is sad how much money condo owners have wasted having to locate their lost and damaged construction plans. Most owners do not realize that a small investment of about $500 in scanning their drawings into electronic format will provide peace of mind for long-term preservation of these critical documents.

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Reserve Studies must be Updated Periodically

Reserve Studies must be Updated Periodically | Maintenance Optimization & Capital Planning Strategies | Scoop.it

"If you have to forecast, forecast often" (E. Fiedle). The assumptions in a Reserve Study (Depreciation Report) must be revisited periodically and adjusted for changing circumstances.

To learn more: http://www.assetinsights.net/Glossary/G_Update_Study.html

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Risk Management and Reserve Studies

"Expect the best, plan for the worst and prepare to be surprised" (D Waitley). A Reserve Study (Depreciation Report) helps owners manage risk.

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From Reactive Funding to Predictive Funding

From Reactive Funding to Predictive Funding | Maintenance Optimization & Capital Planning Strategies | Scoop.it

A Reserve Study (Depreciation Report) helps owners move away from "reactive" funding and move instead towards "predictive" funding. 

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A Reserve Study must be Flexible

A Reserve Study must be Flexible | Maintenance Optimization & Capital Planning Strategies | Scoop.it

A Depreciation Report (Reserve Study) should be flexible enought to accommodate alternative project implementation strategies.

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Annual Maintenance Costs

Annual Maintenance Costs | Maintenance Optimization & Capital Planning Strategies | Scoop.it

Pie chart of the distribution of annual maintenance costs in a typical high-rise residential building.  For more information:

 

http://www.assetinsights.net/Glossary/G_Maintenance_Budget.html

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Word cloud from a Reserve Study

Word cloud from a Reserve Study | Maintenance Optimization & Capital Planning Strategies | Scoop.it
Another word cloud to illustrate the prominence of the different financial and technical concepts in a Reserve Study (Depreciation Report).
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Funding models help owners make informed decisions

Funding models help owners make informed decisions | Maintenance Optimization & Capital Planning Strategies | Scoop.it
Funding models in a Reserve Study (Depreciation Report) help owners make informed decisions about their future liabilities.
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Systems included in a Reserve Study

Systems included in a Reserve Study | Maintenance Optimization & Capital Planning Strategies | Scoop.it

A Reserve Study (Depreciation Report) should reflect all the primary physical systems of a building. read more: http://www.assetinsights.net/Articles/What_types_of_assets_DA.pdf

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Continuing Professional Development for Professional Reserve Analysts (PRAs)

Continuing Professional Development for Professional Reserve Analysts (PRAs) | Maintenance Optimization & Capital Planning Strategies | Scoop.it

45 Professional Reserve Analysts (PRAs) were in attendance at the 2012 APRA annual symposium in Las Vegas. The PRA designation requires all reserve planners to fulfill continuing professional education requirements in order to continue to use the professional designation on their reports when conducting a Reserve Study (Depreciation Report) in the US.

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RDH Building Sciences at CAI Conference

RDH Building Sciences at CAI Conference | Maintenance Optimization & Capital Planning Strategies | Scoop.it

RDH Building Sciences exhibiting at the CAI Annual Conference in Las Vegas. Lots of Reserve Study information for community managers across the US. To learn more: www.rdhbe.com

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