Integrated Workplace Management Systems for Higher Education and K-12 School Systems
Public universities, private colleges, community and technical colleges, and K-12 school systems all maintain substantial investments in infrastructure and physical assets. For institutions of higher education, these assets can be crucial competitive differentiators as colleges and universities strive to attract and retain top scholars and faculty. Economics also plays an important role. For many institutions, deferred maintenance backlogs have grown unabated, and Facility Condition Indices (FCIs) have increased in line with this growth. This has had the effect of depressing asset values, reducing the attractiveness of the institution to creditors, and ultimately making it more difficult to secure the investment capital needed for growth. At the same time, funding sources are in jeopardy. Growing competitive pressure from on-line and for-profit institutions is eroding tuition bases, shrinking tax bases are draining state general funds, greater fiscal scrutiny is placing a damper on grant funding, and the downturn in capital markets has witnessed the devaluation of university endowments.
For K-12 school systems, facilities, real estate, and physical assets are crucial to helping students succeed in the classroom. Each year, countless hours of valuable classroom instruction are lost to HVAC failures, boiler breakdowns, building security malfunctions, plumbing failures, electrical outages, and myriad other problems. Not only is there a direct correlation between student achievement and facilities condition, but poorly maintained facilities can directly impact education reform efforts. K-12 school systems are under increasing pressure from local, state, and federal agencies to boost student achievement through programs such as the No Child Left Behind Act. Economics likewise plays a role here. As property tax bases evaporate and resistance to new bond initiatives grows, K-12 school administrators must find new ways to run lean without sacrificing student achievement.
Given the realities of the new economy, educational institutions must find ways to stretch limited human and capital resources in order to manage and maintain an ever-growing asset base. For the past 25 years, AssetWorks has developed innovative solutions to help the education community overcome these challenges. Our Integrated Workplace Management Systems enable organizations to become more collaborative, agile, and productive in order to minimize total costs of ownership while maximizing asset availability, utilization, and effectiveness.
Learn more about Integrated Workplace Management Systems from AssetWorks
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