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The future of FM: Integrating asset management planning practices to lead transformation change

Author

Listed:
  • Mitchell Jr., Thomas L.

Abstract

In an era where increasing globalisation, continuing budget reductions and rising customer expectations continue to directly influence a shift in how we manage facilities, ‘high performance’ facility professionals need capabilities edge to further validate how the services that our teams provide are vital to organisational business continuity and longevity. Facilities asset management planning (FAMP) offers an innovative new approach towards examining operational planning capability, appropriate levels of customer focus and performance-based data usage. This methodology integrates facilities and business life cycle portfolio management activities to systematically enable the efficient, effective and economic functionality of the facility portfolio so it strategically aligns with enabling the accomplishment of organisational goals.

Suggested Citation

  • Mitchell Jr., Thomas L., 2017. "The future of FM: Integrating asset management planning practices to lead transformation change," Corporate Real Estate Journal, Henry Stewart Publications, vol. 6(4), pages 349-357, June.
  • Handle: RePEc:aza:crej00:y:2017:v:6:i:4:p:349-357
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    More about this item

    Keywords

    assets; asset priority index; facility asset management programme; facility condition index; facility management; high performance; reliability centred maintenance.;
    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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