SOURCE: VFA, Inc.

March 19, 2007 09:00 ET

VFA Announces New Solution for Capital Budget Development

Five-Step Approach to Collaborative Capital Budgeting Aligns Spending With Long-Term Goals

BOSTON, MA -- (MARKET WIRE) -- March 19, 2007 -- VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced a new solution for Capital Budget Development. The solution provides a structured approach for prioritizing capital projects based on organizational priorities to create budgets that are aligned with long-term business objectives.

VFA's Capital Budget Development solution helps organizations identify which capital investments will deliver the greatest value to their business. Designed with input from both facilities managers and institutional planners, the solution combines management approaches for collaboration and consensus building with the science of hierarchical decision making to deliver a best-practice process for capital budgeting. Employing an objective, data-driven process, the solution addresses the key elements of building stakeholder consensus about organizational values, creating a common understanding about the "language" of capital requirements, and defining and applying prioritization criteria to create defensible capital budgets.

"While capital projects represent a significant investment for an organization, the process by which many determine which projects to fund is often highly subjective. Our Capital Budget Development solution replaces this subjective process with a clear, systematic approach," said Glenn Parsons, Vice President of Consulting at VFA, Inc. "The result is a multi-year capital budget that reflects the organization's overall priorities and is defensible to boards of directors, legistatures, taxpayers and other important constituencies."

About VFA

Headquartered in Boston, VFA, Inc. is the leading provider of end-to-end solutions for facilities capital planning and asset management. VFA's Capital Planning and Management Solution (CPMS™) uniquely combines facility assessment services, Web-based software and business consulting services to enable clients to manage every stage of the capital asset lifecycle -- from requirements gathering and long-term planning to capital budget creation and spend management. VFA has helped more than 350 organizations in corporate, education, government and healthcare markets to strategically manage more than two billion square feet of real estate. For more information, please call 800-693-3132 or visit http://www.vfa.com.

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