The initial cost to construct a building typically represents only a small portion of the actual cost to own the facility over its lifetime. Operational & Maintenance exceed the construction cost of a building by more than 500%. In the construction industry, the 1:5:200 rule (or 1:5:200 ratio) is a rule of thumb that states that: If the initial construction costs
21st Oct 2010 – In a leadership training program, I get to know PDCA (Plan, Do, Check and Act) theoretically the first time. I was attending the Wipro leadership program. Now in 2022, working and developing software for Facility teams for around a decade, I am trying to the yoga of Kaizen and Facility Management.
Key points in digitizing office building facility operations? Rapid advancement in technology is making the innovation cycle shorter over time. Today’s trend falls into the obsolete bin in six months. Cloud-based FM Solution The best way to deal with it is to go for a SaaS-based solution where the vendor team is continuously working on
What is Digital Transformation of Building As per Wikipedia: “Digital transformation (DX) is the adoption of digital technology by a company. Common reasons for its implementation are to improve efficiency, value or innovation.” Nowadays there is a lot of buzz about integrating digital technology in facility management to change how we operate and deliver value to the
What is Asset Lifecycle Management? Asset Lifecycle Management (ALM) is the mechanism during the lifecycle to maximize the value created from the properties. Comprehensive management of the asset pool, systematic implementation of programs, and reliable and effective asset management activities help to achieve the desired performance. Best Practices: Total Inventory Recognition Businesses tend to maintain