A software tool, SpaceTrak, that automates the data collection and analysis phase of facilities planning and design projects, has been introduced.
SpaceTrak is an enterprise grade SaaS offering which allows organizations, from large corporations to small architectural practices, to reduce the risk and cost around strategic real estate and space projects. It automates time consuming tasks from people and space forecasting to analysis and cost estimating, including adjacencies and stack planning, for real estate decisions. SpaceTrak creates a single database for all of the relevant stakeholders. There is one source of truth for the facilities managers, finance analysts, real estate consultants, HR professionals, architectural firms and construction engineers – and any other professional participating in the decision. Gone are the multiple spreadsheets, disconnected surveys and blind estimates that plague relocation, multi-site consolidation, and expansion projects. SpaceTrak allows the senior-level decision makers to get to a more informed and lower risk decision in less time.
Developed by two veteran interior architects, Kristine and Joe O’Hollearn, SpaceTrak grew out of the need to have a product that automated the programming phase of a design project. For most projects, eighty percent of the budget is determined during the first twenty percent of the project. Gathering this information quickly and ensuring its accuracy are the foundations for effective space planning and design with minimal value engineering.
SpaceTrak compliments any IWMS or CAFM system with the critical next step of forecasting and space management. Department managers go online at their convenience to validate and forecast future space needs which also include survey questions and adjacency requirements. SpaceTrak calculates square footage and how much it will cost to build prior to any plans. It cuts planning and budgeting time compared to traditional methods, and accuracy is optimized.