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Successful asset data collection and management programmes in corporate real estate

Author

Listed:
  • Benton, Nathanael

    (MEP Solutions, Partner Engineering & Science, Inc., USA)

Abstract

The benefits of implementing an asset data collection and management (ADCM) programme for an individual site or portfolio are numerous. ADCM can support capital planning exercises, facility condition indexing (FCI) of a portfolio, operation and maintenance (O&M) procedure development, populating a computerised maintenance management system (CMMS) or environmental, social and governance (ESG) initiatives. The relevance and accuracy of such initiatives are dependent upon the quality of the supporting data. In corporate real estate (CRE), too many organisations struggle to capture the necessary data to successfully implement proactive management strategies, leverage economies of scale and improve reporting to investors and government entities. An organisation cannot capitalise on the benefits of data-driven management platform (CMMS/IWMS) without consistent, reliable and accurate data. This paper explores how quality ADCM can streamline maintenance and capital planning, reduce spending and support business objectives.

Suggested Citation

  • Benton, Nathanael, 2023. "Successful asset data collection and management programmes in corporate real estate," Corporate Real Estate Journal, Henry Stewart Publications, vol. 12(4), pages 312-322, June.
    • Handle: RePEc:aza:crej00:y:2023:v:12:i:4:p:312-322
    as

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    More about this item

    Keywords

    corporate real estate; asset data collection; asset management; data analytics; capital planning; computerised maintenance management system (CMMS); integrated workplace management system (IWMS);
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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