Tuesday, September 17, 2019 | 11:15 AM - 12:15 PM
Open to Conference Attendees Only
Capital Planning - Anticipating Project Cost
Director Capital Projects Planning, Penn Medicine Lancaster General Health
Associate | Healthcare Architect, NORR Design Inc.
Delivering a project on time and in budget is a challenge for all. However, we don’t want to simply deliver projects on time and in budget. We want to deliver excellent projects which support clinicians, patients and visitors with maximum impact. At the onset of project planning, when little is truly known about the potential project, hospital administrators and facilities management leaders are tasked with estimating the capital and resources required to fund these potential projects. If the anticipated project cost is not in alignment with the actual project cost, there are repercussions. So how do we better anticipate cost and create a capital request framework which sets our project delivery teams up for success? This session will discuss pros and cons of various capital improvement allocation processes. Then dive into how benchmarking, design standards, and lean collaboration can set projects up for successful delivery and design excellence.
1. Evaluate different in place capital improvement request processes.
2. Review effective means of quickly scoping projects beyond the data submitted within the capital request.
3. Learn about effective benchmarks for clinical environments: geography, existing infrastructure, project type, standards, cost per square foot, etc.
4. Review how lean processes and multi-disciplinary collaboration can lead to more accurate cost estimating.