{"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:\/\/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":"
By Kelly Altes<\/span>\u00a0<\/span><\/p>\n The industrial and manufacturing\u00a0<\/span>marke<\/span>t is in a constant state of\u00a0<\/span>flux<\/span>. Owners<\/span>\u00a0must react to new technologies, buyer behavior, budget cuts, competitors, and countless other influences.\u00a0<\/span>Amid all this, owners must plan for growth and change. C<\/span>apital investments in infrastructure<\/span>\u00a0are an integral part of\u00a0<\/span>most<\/span>\u00a0plan<\/span>s<\/span>\u00a0<\/span>but\u00a0<\/span>take a long time to implement<\/span>, and<\/span>\u00a0<\/span>with\u00a0<\/span>no crystal ball\u00a0<\/span>providing<\/span>\u00a0the futur<\/span>e<\/span>,\u00a0<\/span>becom<\/span>e\u00a0<\/span>a<\/span>\u00a0risky but necessary endeavor<\/span>.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n However, o<\/span>wners with good long-term facility plans, standards implementation, and existing facility documentation can minimize\u00a0<\/span>the\u00a0<\/span>risk associated with capital improvements.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n 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>p \u2013\u00a0as lo<\/span>ng as<\/span>\u00a0there is an understanding that the vision will be changed and modified as the business climate evolves.\u00a0<\/span>H<\/span>aving a plan, even if it changes,\u00a0<\/span>also\u00a0<\/span>can\u00a0<\/span>have a positive<\/span>\u00a0impact\u00a0<\/span>on\u00a0<\/span>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>\u00a0<\/span><\/p>\n 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