{"id":7549,"date":"2021-03-05T16:30:17","date_gmt":"2021-03-05T16:30:17","guid":{"rendered":"https:\/\/www.imegcorp.com\/?p=7549"},"modified":"2021-03-10T14:29:35","modified_gmt":"2021-03-10T14:29:35","slug":"long-term-plans-standards-and-industrial-facility-docs-minimize-risk-of-capital-improvement","status":"publish","type":"post","link":"https:\/\/www.imegcorp.com\/insights\/blog\/long-term-plans-standards-and-industrial-facility-docs-minimize-risk-of-capital-improvement\/","title":{"rendered":"Long-term plans, standards, and industrial facility docs minimize risk of capital improvement"},"content":{"rendered":"<p><span data-contrast=\"auto\">By Kelly Altes<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The industrial and manufacturing\u00a0<\/span><span data-contrast=\"auto\">marke<\/span><span data-contrast=\"auto\">t is in a constant state of\u00a0<\/span><span data-contrast=\"auto\">flux<\/span><span data-contrast=\"auto\">. Owners<\/span><span data-contrast=\"auto\">\u00a0must react to new technologies, buyer behavior, budget cuts, competitors, and countless other influences.\u00a0<\/span><span data-contrast=\"auto\">Amid all this, owners must plan for growth and change. C<\/span><span data-contrast=\"auto\">apital investments in infrastructure<\/span><span data-contrast=\"auto\">\u00a0are an integral part of\u00a0<\/span><span data-contrast=\"auto\">most<\/span><span data-contrast=\"auto\">\u00a0plan<\/span><span data-contrast=\"auto\">s<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">but\u00a0<\/span><span data-contrast=\"auto\">take a long time to implement<\/span><span data-contrast=\"auto\">, and<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">with\u00a0<\/span><span data-contrast=\"auto\">no crystal ball\u00a0<\/span><span data-contrast=\"auto\">providing<\/span><span data-contrast=\"auto\">\u00a0the futur<\/span><span data-contrast=\"auto\">e<\/span><span data-contrast=\"auto\">,\u00a0<\/span><span data-contrast=\"auto\">becom<\/span><span data-contrast=\"auto\">e\u00a0<\/span><span data-contrast=\"auto\">a<\/span><span data-contrast=\"auto\">\u00a0risky but necessary endeavor<\/span><span data-contrast=\"auto\">.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">However, o<\/span><span data-contrast=\"auto\">wners with good long-term facility plans, standards implementation, and existing facility documentation can minimize\u00a0<\/span><span data-contrast=\"auto\">the\u00a0<\/span><span data-contrast=\"auto\">risk associated with capital improvements.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For growing businesses, long-term facility planning becomes a larger priority. Developing a vision for facilities in the future to support business growth can provide a good road ma<\/span><span data-contrast=\"auto\">p \u2013\u00a0as lo<\/span><span data-contrast=\"auto\">ng as<\/span><span data-contrast=\"auto\">\u00a0there is an understanding that the vision will be changed and modified as the business climate evolves.\u00a0<\/span><span data-contrast=\"auto\">H<\/span><span data-contrast=\"auto\">aving a plan, even if it changes,\u00a0<\/span><span data-contrast=\"auto\">also\u00a0<\/span><span data-contrast=\"auto\">can\u00a0<\/span><span data-contrast=\"auto\">have a positive<\/span><span data-contrast=\"auto\">\u00a0impact\u00a0<\/span><span data-contrast=\"auto\">on\u00a0<\/span><span data-contrast=\"auto\">how people look at big problems. Share your master plan with all stakeholders on each project; the bigger picture understanding helps with stakeholder buy-in and can generate better solutions to problems.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>For long-standing, stable businesses, standards development and good existing documentation are invaluable for maintaining a smooth-running campus. Standards can simplify maintenance, improve safety, provide efficiency in procurement, and more. Good documentation also can lower the costs associated with bringing a design team up to speed on existing systems as capital improvements are made. The documents can also reduce unknowns in construction, saving time and cost for the owner.<\/p>\n<p><span data-contrast=\"auto\">For more information, read my blog about reducing risk with\u00a0<\/span><a href=\"https:\/\/www.imegcorp.com\/resources\/blog\/robust-accessible-building-documents-reduce-risk-during-renovations\/\"><span data-contrast=\"none\">robust, accessible building documents<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial and manufacturing building owners with good long-term facility plans, standards implementation, and existing facility documentation can minimize the risk associated with capital improvements.<\/p>\n","protected":false},"author":5,"featured_media":7550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[3,155],"tags":[],"acf":[],"yoast_head":"\n<title>Long-term plans, standards, and industrial facility docs minimize risk of capital improvement - 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