Importance Of Facilities Management

Great Essays
The most important difference between the importance of performance indicators to business personnel and the performance indicators that are important to the facilities personnel is the difference in the terms used to describe building performance contrasted with what business managers consider business drivers. Moreover, performance measures for facilities management focuses on inputs to the delivery of facilities-related services; in other words, data that is focus on efficiency of the facilities such as running costs, energy consumption and maintenance cost. Meanwhile, the business view of the value of facilities management will be derived from what effects facilities management has on the business.

As an illustration, according to an
…show more content…
New technologies are going to be used to facilitate collaborative and distributed work. As an illustration, offices need to think about collaborative softwares for virtual work and softwares that allow remotely accessing corporate data networks.

5. Facility managers and property managers can get benefits of using the Building Lifecycle Management Platform (BLMP), combining Building Information Modeling (BIM) with Building Lifecycle Management (BLM). First, by implementing BIM they can reduce the information loss in the construction and management process. Second, BLM will increase the level of information sharing with stakeholders during the different processes of the construction project lifecycle and reduce barriers that would make difficult the exchange of information.

Moreover, different stakeholders can extract and update information related to time, cost, safety and quality from the BIM database via the BLMP by accessing the system through internet. Likewise, by creating this platform based on BIM, FMs and PMs can have a single access to obtain personalized information on the Internet for maintenance and operation of a facility. Additionally, the BMLP can assist them in decision-making, control and implementation of construction
…show more content…
. However, now the company can now adopt workspace layout reflecting hierarchical tendencies. In addition, new problem may occur requiring experts because of special space requirements. Likewise, because of lack of management focus on the distribution of the space, issues related to facilities and support services are dealt irregularly.

And third, during the consolidation phase skills in facilities management are available and use more constantly. Dependence on cross-functional teams and calculated experimentation with teleworking and other alternative work practices can be expected to imply changes on the layout of the company. Also, companies should consider to exploit the opportunities to introduce facility management procedures.

10. There are several reasons of why a company would decide to outsource facility management services in the early 2000’s, such as to enhance capability for change, to focus on core competencies, reduce headcount and capital cost, invest in technology, reduce transaction costs, enhance the capability to develop new products or services, grow in-house expertise, reduce production cost and enhance position in value change. However, the top three purposes to outsource in that period are the aim to achieve best practice, the cost discipline/control and to improve the quality of the

Related Documents

  • Great Essays

    Introduction Knowledge management is the process of capturing, developing, sharing, and effectively using organisational knowledge. It refers to a multi-disciplined approach to achieving organizational objectives by making the best use of knowledge (Introduction to Knowledge Management. (2007, March 19).This is achieved through the promotion of creating, sharing, and applying knowledge as well as through the feeding of valuable lessons learned and best practices into corporate memory in order to foster continued organizational learning. The construction industries are under continuing pressure to deliver greater levels of service, safety and at the same time cut operational costs to compete against other firms. In addition, the level of…

    • 1149 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    With selective outsourcing, these businesses can achieve efficiency in their existing resources, while attaining innovation for their new product lines. With selective outsourcing, more options and alternatives can meet desired targets and control systems of the company (Miles & Snow, cited in Barnat, 2014). Moreover, analyzers can have both attributes of prospector and defender strategies that are implemented in moderate levels. These attributes enable analyzers to deal with conflicting domains of their products and operations efficiently and strategically (Hirschheim, et al., 2009, p. 220). For the analyzer business strategy and the use of selective IT outsourcing, the theory of transaction cost economics can apply.…

    • 856 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Other than that, there are more can be done to solve the cost reduction, such as adopt a factory approach to legacy application retirement, or embrace utilities. Hong Leong Investment Bank Berhad should shift their focus from process optimization to outcomes. Besides, I suggest that implement technologies like robotic process automation for routine tasks, such as reconciliations, or they can adopt techniques that have been used successfully in other industries, including the zero-based budgeting. They also can use cost saving to fuel the growth. Hong Leong Investment Bank Berhad need to design transformation programs based on sustainable operating models that promote efficiency and cost savings in order to achieve a profitable end estate.…

    • 1414 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Aziz Case Study Summary

    • 998 Words
    • 4 Pages

    The finance and accounting teams will improve the reporting and budget control methods to drive cost efficiency and profit margin, while the production teams will be responsible on operations improvement such as labour efficiency, cycle time improvement, supply chain optimization, etc. Aziz´s team will also be responsible to eliminate/improve inefficient operation steps. In order to further promote the change implementation, Wilson shall introduce reward scheme for all staff aligned with new system implementation and related objectives. Wilson shall also actively support with additional investments such as resources, equipments, technology, etc. This may attract additional expenses for CCC in short term.…

    • 998 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Essay On The Role Of HR

    • 988 Words
    • 4 Pages

    The main rationale of strategic HRM is to integrate HR with overall organization’s business strategy. Now the HR professionals are required to think as strategic consultants to the business so that they can acquire workforce and develop them attain the organizational objectives. The HR professionals who want to excel in the field of Human resources now need to see themselves as business people who specialize in H.R. As a HR business partner they need to understand how business works so that they play the role of strategic HR partner to the firm and plan workforce and strategies that are in line with the accomplishment of the business objectives. We man say that Human Resource Management is playing a crucial role today and its major achievement is to align the individual goals and objective with organizations goals and objectives.…

    • 988 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    When it comes to demand forecasting and production planning, Exel would need higher level of cooperation from Hauz Mart and might experience some learning curve. Also, the company would have to pursue closer relationship with the end customers and manufactures, which might take a while. However, Exel can acquire most of the information needed for planning from Hauz Mart, and if it can maintain its current learning capability as an organization, the company should be able to move into supply chain planning…

    • 1315 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Futhermore, there is tools to manage HR investments when employees as the most important asset that organization need to minimized the expenses. These require the development of HR metrics and use of HR decision-making models. Metrics models is a tool to evaluate HR investments in efficiency, effectiveness and impact. Metrics of effeiciency investigate how good of HR function perform by…

    • 819 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    To be more specific, effective and quick reflections to changing business environment are essential to companies, without which may lead companies lose competitive advantage. Organizational learning can considerably help to improve the capability by effectively managing information processing activities, like finding out emerging markets. That allows companies to make more appropriate decisions and adjustments than their competitors (Dickson etal, 2001). Precisely gathering that relevant information can often help companies anticipate the trend of markets and then realize exact routines that are operative currently. On the other hand, learning links with performing (Gorelick Carol & Brigitte Tantawy‐Monsou, 2005).…

    • 948 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The article mentioned to gather the voice of the customer and improve the process by focusing on the customer experience with the organization and its products and services. (Psychogios, Tsironis, 2012) Psychogios and Tsironis states,” measuring the impact of marketing and sales efforts is challenging.” (Psychogios, Tsironis,2012) Often times organization have to deal with changes to multiple aspects of the sales and marketing. Which adds to the difficulty of identifying the single factor that actually impacted sales. This challenge, however, does focus attention on the need for projects related to the metrics used to drive the business. (Psychogios, Tsironis,2012) One…

    • 1265 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    With the development of economy, in order to predict and responsible quickly to change, a large number of organizations’ goal is creating a better system. (Reeves and Deimler, 2011) How companies can satisfy customer need, defeat competitors and achieve the long-term development have attracted great attentions of many researchers. Strategic management born in this backpack. After 1960s, with several published works, strategic management has got great development, tools of strategic analysis appear in these research. (Nixon and burns, 2012) After 1980s, the core problem of stagey theory inevitably turns to practical, at this period, Porter’s five force model, generic competitive strategic and value chain analysis are in people’s vision.…

    • 865 Words
    • 4 Pages
    Improved Essays