Facility Operating Current Replacement Value (CRV) Index metric

Determines cost efficiency based on comparing the maintenance budget to the replacement value of the facilities.

Details of the metric Description
Name Facility Operating Current Replacement Value (CRV) Index
Category Financial
Analysis objective for exception conditions Determines which facilities have good or poor cost efficiencies. Determines which maintenance costs are causing the inefficiencies. Uses time trend analysis to compare seasonal peaks, anomalies, or trends.
Description Facilitates accurate measure for plant and facilities because the cost is fixed. Also makes the metric easy to use to trend any increases over time. If the percentage of maintenance costs increases, then the efficiency and effectiveness indicators show which maintenance area caused the increase.
Source IFMA, Building Research Board of National Research Council
Measurement Total Maintenance Cost / Total Current Replacement Value (CRV)
Dependent data that is calculated
  • Total Maintenance Cost: Sum of Financial Summary table filtered for Service Type = Maintenance. This includes all maintenance-related Cost values such as Utilities, Custodial, and Grounds.
  • Total Current Replacement Value: Building Condition Assessment Tab holds the Current Replacement Value for each building (CRV = Gross Area * Cost per Area)
Roles
  • EN Workplace Executive
  • ES Manager/Planner
  • OP Executive
  • OP Service Manager
  • OP Facility Assessment Manager/Planner
Display chart types
  • Value-based: Horizontal Grouped Bar Chart (Capture Period: Vertical Grouped Bar Chart)
  • Score-based: Horizontal Stacked Bar Chart (Capture Period: Vertical Stacked Bar Chart)
Thresholds
  • Low Threshold: .02 (2%)
  • High Threshold: .04 (4%)
  • Range 1: Under Maintained/Negative/Red
  • Range 2: Adequate Maintenance/Caution/Yellow
  • Range 3: Excessive Maintenance/Positive/Green
Fact details Module: triMetricFact

Business Object: triBuildingFact

Metric Queries:

triBuildingFact - Metric - Facility Operating Current Replacement Value Index

triBuildingFact - Metric - Facility Operating Current Replacement Value Index (Score)
Drill paths
  • Geography
  • Location
  • Capture Period
Interactive filters
  • Geography
  • Location
  • Building Class
  • Building Tenure
For US Federal Government:
  • Geography
  • Location
  • Real Property Type
  • Real Property Use
  • Mission Dependency
  • Legal Interest
Static filters
  • Active Properties
  • Active Buildings
Time Months
Data point refresh rate Monthly
License dependency IBM® TRIRIGA® Operations
Functional dependency
  • Building (Current Replacement Value fields)
  • Facility Assessment (optional)