Backlog Funding

An accumulation of uncorrected or deferred deficiencies that represents a liability (in both physical and financial terms) for an asset. When a backlog is permitted to exist from year to year, some deficiencies may result in major long-term economic losses or safety risks.

Backlog, by definition, is the work which currently, or is anticipated to occur in the future due to a lack of funding either in the past or in the future. The level of backlog can be directly related to the condition [FCI or ACI] of an asset. In order to effectively manage backlog, a backlog funding model will allow an organization to estimate the impact how various levels of capital funding will affect the overall condition of an asset.

TCPS® allows organizations to estimate the backlog and hence condition of an asset in the future based on various levels of funding. This type of analysis can occur for an individual building and/or group of buildings. It is a very effective way of assessing the future liability of an organization's asset base based on anticipated renewal, capacity and functional needs.

Altus Capital Planning Solutions provides clients with various methodologies which can be applied to different asset bases in order to quantify the future condition and capability of existing assets. This is a complex process and requires estimation of future liabilities, creation of appropriate business scenarios which ultimately leads to modification of the capital program parameters as asset renewal and upgrade strategies are developed.