Assetworks Success Story: University of Central Florida, Office of Risk Management
Customer Company Size
Large Corporate
Region
- America
Country
- United States
Product
- AMP Property Risk Management Software
Implementation Scale
- Enterprise-wide Deployment
Applicable Industries
- Education
Applicable Functions
- Facility Management
Use Cases
- Asset Health Management (AHM)
About The Customer
The University of Central Florida (UCF) is a large educational institution located in Orlando, Florida, with 11 additional regional campus locations throughout Central Florida. It is the largest university in the nation, with more than 66,000 students currently enrolled. The university is responsible for over 300 buildings and 250 golf carts, with a total insurable value of nearly $1.4 billion. The Office of Risk Management at UCF is responsible for the protection of all human and physical assets within the university.
The Challenge
The Office of Risk Management at the University of Central Florida (UCF) is tasked with the protection of all human and physical assets within the university. This includes over 300 buildings and 250 golf carts, with a total insurable value of nearly $1.4 billion. The university also has to track all capitalized assets within each building. The challenge was to maintain integral data on buildings, complete risk assessments, and develop risk mitigation strategies.
The Solution
UCF utilizes AMP Property Risk Management software from AssetWorks to manage its assets and risks. The software is user-friendly and intuitive, designed based on decades of experience in the property insurance appraisal industry. It incorporates ideas for features and design from risk managers, brokers, and other experts from across the country. The 'Building Attributes' feature in AMP allows UCF to store and manage detailed information related to its buildings, from basics like location, building use, and construction class, to more complex information like COPE and CAT modeling data. This information helps UCF secure more favorable ratings and make informed decisions about its property portfolio. AssetWorks also runs on two-week development cycles called sprints, which means that bug fixes and new features are rolled out all the time.
Operational Impact
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