With more than 5,000 colleges, universities, and independent school campuses in the United States, ranging in size from two or three buildings to hundreds of facilities, it is no surprise that financial administrators and facilities departments have a difficult job keeping track of their campuses' physical needs. Managing, tracking, and planning for deferred-maintenance projects can be challenging. Whether a campus is urban, suburban or rural, it needs a periodic assessment, which puts campus planning into perspective and assists in the development of a multi-year budgeting tool. This article discusses facilities assessment and provides decision makers with steps to follow when conducting facilities assessment.