System and method for capital budgeting
A system for generating a capital budgeting plan taking into consideration specific real property information and an objective List of Rules selected by a user(s) against which all projects are compared. The system generates a Ranked List of requirements based on the real property information and the List of Rules. The Ranked List is based on the objective criteria selected by the user to provide a transparent and defensible capital budget plan.
1 . A method for generating a capital budgeting plan comprising the steps of:
storing real property information on a computer having a storage, the real property information including data relating to the current status and configuration of the real property;
forming a set of rules providing a relative ranking of project criteria for the real property, the project criteria selected from the group consisting of: FCI, project category, project system, property use and combinations thereof;
inputting project information into the computer relating to real property projects for the real property;
ranking the real property projects based on the real property information and the set of rules;
generating a list of real property projects based on the ranking; and
displaying the ranked list to a user.
2 . The method according to claim 1 wherein the sets of rules are determined by providing a relative ranking for FCI, project category, project system and property use.
3 . The method according to claim 2 wherein the project category is selected from the group consisting of: air quality, water quality, energy, environmental, functionality, code, life safety and combinations thereof.
4 . The method according to claim 3 wherein the sets of rules are determined by providing a relative ranking for air quality, water quality, energy, environmental, functionality, code, life safety.
5 . The method according to claim 2 wherein the project system is selected from the group consisting of: exterior, plumbing, finishes, electrical, interior, roof and combinations thereof.
6 . The method according to claim 3 wherein the sets of rules are determined by providing a relative ranking for exterior, plumbing, finishes, electrical, interior and roof.
7 . The method according to claim 2 wherein the sets of rules further comprise property redundancy and are determined by providing a relative ranking for FCI, project category, project system, property use, property redundancy and combinations thereof.
8 . The method according to claim 7 wherein the property redundancy is selected from the group consisting of: multiple facility operation, secondary facility available operation, unique facility operation and combinations thereof.
9 . The method according to claim 2 wherein the sets of rules further comprise the number of floors for the property and are determined by providing a relative ranking for FCI, project category, project system, property use, the number of floors for the property and combinations thereof.
10 . The method according to claim 2 further comprising the steps of:
inputting additional project information into the computer relating to an additional real property project for the real property;
re-ranking the real property projects based on the real property information, the set of rules and the additional project information;
generating a list of real property projects based on the re-ranking; and
displaying the re-ranked list to a user.
11 . The method according to claim 2 wherein the project information includes data selected from the group consisting of: property identification, project description, project cost, project duration and combination thereof.
12 . The method according to claim 11 further comprising the step of generating a graph listing project cost versus FCI.
13 . The method according to claim 2 further comprising the steps of adjusting the position of a real property project on the list based on a user input.
14 . A system for generating a capital budgeting plan for real property comprising:
a computer having software executing thereon for generating a capital budgeting plan;
a storage accessible by said computer;
real property information stored on said storage, said real property information including data relating to the current status and configuration of the real property;
a set of rules stored on said storage, said set of rules providing a relative ranking of project criteria for the real property, the project criteria selected from the group consisting of: FCI, project category, project system, property use and combinations thereof;
project information entered into said software program, said project information relating to real property projects for the real property;
said software ranking the real property projects based on said real property information and said set of rules;
a list of real property projects generated by said software, said list based on the ranking; and
a display for displaying the ranked list to a user.
15 . The system according to claim 14 wherein the sets of rules are determined by providing a relative ranking for FCI, project category, project system, property use.
16 . The system according to claim 15 wherein the project category is selected from the group consisting of: air quality, water quality, energy, environmental, functionality, code, life safety and combinations thereof.
17 . The system according to claim 16 wherein the sets of rules are determined by providing a relative ranking for air quality, water quality, energy, environmental, functionality, code, life safety.
18 . The system according to claim 15 wherein the project system is selected from the group consisting of: exterior, plumbing, finishes, electrical, interior, roof and combinations thereof.
19 . The system according to claim 18 wherein the sets of rules are determined by providing a relative ranking for exterior, plumbing, finishes, electrical, interior and roof.
20 . The system according to claim 15 wherein the sets of rules further comprise property redundancy and are determined by providing a relative ranking for FCI, project category, project system, property use, property redundancy and combinations thereof.
21 . The system according to claim 20 wherein the property redundancy is selected from the group consisting of: multiple facility operation, secondary facility available operation, unique facility operation and combinations thereof.
22 . The system according to claim 15 wherein the sets of rules further comprise the number of floors for the property and are determined by providing a relative ranking for FCI, project category, project system, the number of floors for the property and combinations thereof.
23 . The system according to claim 15 further comprising:
inputting additional project information into the computer relating to an additional real property project for the real property;
re-ranking the real property projects based on the real property information, the set of rules and the additional project information;
generating a list of real property projects based on the re-ranking; and
displaying the re-ranked list to a user.
24 . The system according to claim 15 wherein the project information includes data selected from the group consisting of: property identification, project description, project cost, project duration and combination thereof.
25 . The system according to claim 24 further comprising a graph listing project cost versus FCI generated by said software.
26 . The system according to claim 15 wherein the relative position of a real property project on the list is adjusted based on a user input.