Data Driven Decision Making – Putting Teaching First
Time: 10:55 - 11:20
Date: Wednesday 17 October
The awful events of the Grenfell Tower fire has highlighted flaws in the asset delivery process and also the level of knowledge building owners have about the assets they own and operate. This lack of knowledge results in owners / asset managers remaining unaware of their potential liabilities. Effective asset decision making can also be… Read more »Education Estates 2019
The awful events of the Grenfell Tower fire has highlighted flaws in the asset delivery process and also the level of knowledge building owners have about the assets they own and operate. This lack of knowledge results in owners / asset managers remaining unaware of their potential liabilities. Effective asset decision making can also be reduced as estate options are built up from perceived need rather than evidenced based need. Given a capital investment represents only around 20% of the whole life cost, the wrong decision can result in unnecessary expense and sub optimal outcomes. New digital ways of working are enabling new methods of data collection, sharing and use, that makes it cost effective and timely to deploy over traditional data collection practice and surveys.
The ongoing changes within the education sector will increasingly require change in the way assets are managed and works are planned and procured. The performance of the assets can affect reputation and with the implementation of academic benchmarking through school league tables and University Teaching Excellence Framework, combined with budget pressures makes effective capital works planning, procurement and delivery essential to ensure the maximum return for investment is achieved.
As experts in the education sector, Faithful+Gould have created a set of end to end digital tools that provide education clients with access to (a) detailed sector asset data sets enabling quick cost benchmarking, (b) strategic capital planning tools supporting quick and effective scheme planning, and output briefs (c) digital delivery processes (BIM) ensuring the brief intent is delivered, (d) digital PM tools that allow the clients to have real time access to delivery progress and streamlines delivery and (e) existing estate capital asset planning prediction tools that provide detailed capital asset plans at significant time and cost savings over traditional approaches. Together, or individually, they provide education clients with a level of information that keeps them informed and better able to deliver high performing assets ensuring their budget is invested with maximum outcome for the estate and end service delivery.
- Terry Stocks Head of Public Sector and Education - Faithful+Gould