Mitigation of Business Risk Exposure in Public Higher Education Facilities Management Using Key Performance Indicators: Analysis of the University System of Georgia

Abstract

The post-secondary education sector has sustained significant student growth, which has led to the expansion of institutional buildings and infrastructure. With increased growth and expansion experienced in previous years, appropriate operational funding has not always matched growth. This lack of funding can cause an increase of deferred maintenance and capital renewal, which results in an increase in Business Risk Exposure (BRE) to the organization.

The objective of this study is to examine the facilities operational and capital funding of the University System of Georgia institutions. Funding will be compared to counterparts within a Facilities Performance Indicator (FPI) report in order to understand if operational funding is adequate or below comparable institutions. This report is comprised of educational institutions across the United States volunteering current facility information, created annually by the Association of Physical Plant Administrators (APPA).