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Sustainability and Total Cost of Ownership Strategies for Higher Education. Sustainability. What Is Sustainability. Sustainable Seattle Sustainability is the "long-term, cultural, economic and environmental health and vitality"
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What Is Sustainability
Sustainability is the "long-term, cultural, economic and environmental health and vitality"
with emphasis on long-term, "together with the Importance of linking our social, financial, and
“Forum for the Future”
"A dynamic process which enables all people to realize their potential and to improve their quality of life in ways that simultaneously protect and enhance the Earth's life support systems."
Webster's New International Dictionary
"Sustain - to cause to continue (as in existence or a certain state,
or in force or intensity); to keep up, especially without interruption diminution,
flagging, etc.; to prolong."
For Higher Education
Sustainability for Higher Education is Focused on the Overall, Comprehensive Balanced Interaction of the Academic, Social, Physical, Environmental and Economic Health of the University Over It’s Lifetime.
A Strategic Asset Management Process Which Considers ALL Costs and Requirements of Acquisition, Planning, Design, Construction, Operations and Maintenance, Renewal, Disposal, and Replacement Incurred over the Life of a Facility (typically 30 to 50 years).
What Is It?
Balanced Sustainability Modeling
Principles of Sustainability for Higher Education are Focused on the Overall, Comprehensive Value of the Academic, Natural and Physical Environment Over Their Lifetime.
To be Successful, These Principals Must Address 5 (Not 3 or the “Triple Bottom Line”) Specific Components: Mission, Economic, Environmental, Social and Operations.
Fundamentally, the Reason for Being. Understanding the Core Goals, Responsibilities and “Mission” of the Institution. In This Case, Education of Students. This is the Overriding Component. Mission Sustainability Revolves Around Three Specific Components:
A Conscious Consideration and Strategy to Minimize the Initial and Long-Term Impacts on Natural Resources Through all Elements of a Facilities Design and Operation.
These 5 Components Are Inherently Linked…
Principles of Relational Investment Dictate that Operating Cost be Linked to Capital Investment.
What Are Relational Investments
Categories of Relational Investments
When Should Total Cost of Ownership be Implemented?
Who Needs to Support This Effort?
Simply Put, Without the Support of Senior Management and Most Importantly, the VP for Finance and Accounting or CFO, it is Difficult to Establish a Mandate to Incorporate the Requirement as Part of the Daily Management Process
Failure to Adequately Establish an Asset Management Program, Budget for Operations, Maintenance and Renewal of Capital Assets Jeopardizes Realization of Full Investment Value, Accelerates Cost of Ownership and Increases Deferred Maintenance Resulting in Devalued Assets. This Condition Impacts Cash Flow, Bond Ratings and Cash Reserves or Profits.
Performance Without Capital Renewal
Operating Cost (75%)