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|Facility Needs Index (FNI)
of several key
performance indicators used by facility managers to ascertain health conditions and make resource allocation decision.
The FNI is an extension of the Facility Condition Index (FCI) and EFCI in that it also includes projected costs associated with future renewal, modernization and regulatory compliance.
The principal value of an EFCI rating, particularly for the owners and operators of a single facility or a portfolio of facilities, can be identified as:
The formula contains a numerator that is divided into a denominator to return a percentage KPI.
The numerator contemplates three reinvestment categories, as follows:
The figure on the right includes the FNI formula.
The numerator of the formula contemplates the following dynamics:
Listed below are some of the merits and advantages of the FNI metric:
Included below are some asset management concepts to be considered relative to the FNI:
Fig. Three alternative formulas for determining key performance indicators (KPIs) for a single facility or a portfolio of facilities.
Fig. Examples of deferred maintenance items that are included in the numerator of the EFCI formula. These are considered reinvestment category #1: catch-up costs.
Fig. Examples of some of the types of capital projects that may be captured in the EFCI formula. Left is roof renewal and right: domestic repiping project. These are considered reinvestment category #2: pending lifecycle renewal costs.
Fig. Modernization costs, such as elevator relay controls replaced with elevator solid state controls, are included in the FNI formula. These are considered facility reinvestment category #3: get-ahead costs.
Fig. Economic obsolescence, such as a triplex booster pump package replaced with package that includes VFDs, is contemplated in the FNI.
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