Facility budget management is among the most complex processes today’s Facilities Managers face. It is much more than an annual review of needs and allocation of funds. Depending on company size, managing the budget can be the sole responsibility of dozens of employees, and any deviation from the budget could have catastrophic consequences. Instead of […]Read More..
Facilities managers face a significant problem. The amount of funding available for facilities management improvements is decreasing, and this problem is exemplified by looking at the federal government ownership of lease buildings to the tune of $21.5 billion in annual operating costs, reports Nitin Bangera of Facility Executive. The costs of operating buildings are increasing, […]Read More..
Senior care facilities include: assisted living communities, independent living communities, skilled nursing facilities, retirement communities, and long-term acute care facilities. Each type of facility serves a different need, but all focus on reducing the risk of “living alone” as a senior. According to SeniorDirectory.com, even the step-down care facilities, like assisted living, may have a […]Read More..
The Internet of Things (IoT) was and still is a breakthrough for facilities management. The IoT and proactive maintenance have the potential to eradicate most cases of reactive maintenance and save tremendous amounts of time and money. Unfortunately, the promises of automation and lower-cost facilities management have raised fears about potential job loss, reports Janelle […]Read More..
Facilities Managers can track overarching and granular data for all assets, but it creates a sense of information overload. Facilities Managers may just be incapable of making sense of the data. As explained by iOfficeCorp, categorizing facility assets by type can help prevent issues from being overlooked. Facilities Managers that categorize data by asset type can […]Read More..
The use of analytics is becoming more common in facilities management. According to Facility Executive, up to 60 percent of facilities management professionals predict the Internet of Things (IoT) and analytics will affect their organizations within the next year, and as a result, 65 percent of facility managers have invested in advance building technologies. Unfortunately, […]Read More..
Facilities and energy managers alike often spend their time thinking about ways to save money and reduce spend on facilities and energy management. Although numerous technologies exist to monitor energy use, which can be used to change energy use behaviors, the best way to reduce spend is to stop unnecessary expenses. Preventing unnecessary costs from […]Read More..
This piece will touch on the importance of having the right data and using it correctly. It will give tips on data quality and how to ensure data is meaningful. To enable accurate capital planning and facilities management, Facilities Managers must rethink data standards and ensure they are capturing the right data. Today’s devices and […]Read More..
Has your organization considered benchmarking facilities maintenance costs, and if not, what is holding you back? To answer these questions, Facilities Managers need to understand the true value of benchmarking facilities maintenance costs. Unfortunately, benchmarking is often associated with extra “work” and “data headaches” for Facilities Managers. This is simply not true, and Facilities Managers need to […]Read More..
Although Facilities Managers have access to numerous resources to increase transparency and understand how facility assets function in relation to their building, other industry assets, enterprise-wide goals. Informed Facilities Managers understand why transparency-based metrics in energy management, as well as facilities management, will set the stage for improvements in labor productivity, cost reductions, and more.Read More..