New Software Helps With Facility Assessment and Planning

XP Solutions premiered its new Web-based facility assessment and planning software, XPPARAGON. Based on years of experience by those who perform facility condition assessments and develop multi-year budgets for component-level maintenance, repair and replacements, XPPARAGON provides the latest development in cost effective facility asset management.

XPPARAGON can help evaluate assets, plan maintenance strategies, centralize document storage for each asset and save money over the long term. 

“So many organizations throw good money after bad by basing their budgets on historical precedence rather than actual need,” says Bill Faesenmeier, facilities asset management product manager. “Those preparing site-specific budgets base their calculations on subjective observations of facility condition rather than objective historical data and known maintenance metrics. Such budgets are neither comparative nor predictive, and allow no means of prioritizing repair or replacement in the context of need versus available funds. XPPARAGON can help them to make those predictions and plan their budget accordingly.”

The software is flexible and helps to build an organizational hierarchy of facilities and site infrastructure portfolio in a way that is meaningful to the organization. It includes a financial engine that forecasts future funding needs based on specific analysis and spending scenarios. XPPARAGON helps identify the rate of investment required to maintain components by analyzing a variety of capital investment and sustainment scenarios.

The Web-based software is user-friendly allowing for in-house asset analysis with current staff.  Its tablet app, XPPARAGON Mobile, will streamline field data collection and uploads to the master database. 

Source: XP Solutions