Asset Management and Physical Planning
The Integrated Capital Asset Management Program (ICAMP) asset inventory and condition assessment reflects over 2,000 buildings encompassing more than 60 million square feet of space.
ICAMP base data are comprised of directly identified asset replacement needs through visual inspection of asset conditions and characteristics using a systemwide, standardized asset catalog. Upon completion of the initial inventory and condition assessment, UC will have a risk-prioritized list of building asset system and component replacements that will help identify opportunities to avoid unplanned interruptions to the institution’s mission. Asset replacement risk prioritization is factored by two elements: likelihood of asset failure; and consequence of asset failure on mission delivery.
In addition to directly identified asset replacement needs through this process, UC is also developing an age-based replacement assessment to forecast renewal needs. Deferred maintenance (condition-based, direct identification) and capital renewal (age-based identification) comprise the two main elements of asset-based replacement needs.
It is important to note that deferred maintenance and capital renewal do not specifically factor in program capabilities, or operating needs that have changed the use of the underlying assets. For example, while the deferred maintenance and renewal asset management assessment practices identify replacement needs based on direct identification and age, they do not account for change in use, such as conversion of lab space to instruction space.
ICAMP Program HistorySeptember 2019 Regents Item
March 2020 Regents Item