Preventive maintenance was once considered a practice for companies with more available resources and ample time to handle extras. As time progressed, demands on facilities have risen. The average age of commercial buildings in the U.S. is 32 years old, and after years of neglect, maintenance costs have skyrocketed, notes FacilitiesNet. The time for reactive […]Read More..
Legacy energy management systems represent a significant threat to all organizations. There was a time when the most sophisticated and complex energy management systems available, such as those offered by major companies were the gold standard of energy management. These platforms gave facility managers access to the data needed to make decisions and understand how […]Read More..
Reactive facilities management is a terrible idea. As explained by Jeanna Jones of Jeanna Jones of Multibriefs, it involves a “run it until it breaks” approach to facility maintenance and management. As a crisis-based system, reactive maintenance will naturally lead to higher costs. Since assets function until a problem becomes so severe that the system […]Read More..
Facilities management faces a crisis. As reported by PR Newswire, recent research surrounding talent availability in facilities management indicate the industry sits on a precipice. The average age of a Facility Manager today is 51, and trade associations tend to have more members in their 70s and up than under 30. Meanwhile, employment in facilities […]Read More..
A preventive maintenance program enables an organization to lower maintenance spend, gain insight into asset condition, and extend asset life expectancy. Unfortunately, Facilities Managers continue to subscribe to a common myth, notes Michael Cowley via FacilitiesNet; they lack time to follow a preventive maintenance program. The irony lies in the problem itself. The time spent […]Read More..
“We’d like to welcome you to the solemn occasion. At 6:03 AM, the primary HVAC unit in our flagship store on 123 Main Street five caught fire. The problem arose from short circuits within the wiring, and the costs to repair the store seem immeasurable. Our budget is stretched thin, so there is only one […]Read More..
The responsibilities of Facility Managers have evolved, and facilities management professionals have access to more data than ever before. Unfortunately, data in its raw form is meaningless. Depending on the level of connectivity among your assets, systems generate data that have never even used. Also known as dark data, data that does not hold value […]Read More..
Today’s buildings have evolved beyond the four walls, a floor, and a roof. Experts across the globe clamor about the state of smart building solutions and the use of business information management (BIM), but a key question remains. Are cognitive buildings real or a fantasy? According to Dr. Claire Penny of IBM, cognitive facilities and […]Read More..
Natural and man-made disasters put a spotlight on businesses ill-equipped and ill-prepared to handle disruptions. Business owners and Facilities Managers often look at the coastal-only risks, but disasters can include earthquakes, floods, droughts, tsunamis, tornadoes, and outbreaks of food-borne illness, reports Kimberly Amadeo of the Balance. Disasters have a terrible impact on the economy, costing […]Read More..
The right environmental, social and governance (ESG) strategy should empower your organization to make informed decisions, understand where you stand, connect with customers and avoid unnecessary costs, including those deriving from ongoing regulation change. Facility Managers must understand their ESG strategy and track these leading Key Performance Indicators (KPIs) to guarantee its success.Read More..