Strategic Facilities Management

UNIT ASSESSMENT FRONT SHEET AND PLAGIARISM STATEMENT

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Glossary of Process Words

Facility management: Facilities management is concerned with areas such as project management, property management, leasing arrangements, marketing, maintenance, and building and operation management

Operations Management identifies key actions from all management responsibilities of a property and includes the main parts of the classical building management.

Asset Management: Asset management as a business includes aspects such as the search of professional investment managers , research (of individual assets and their classes), making transactions, marketing , internal auditing , and reporting to clients.

Service innovation is the management of resources, both human and financial, in order to increase the creation of new knowledge

Risk management seeks to identify the risks that affect the assets of the company.

Strategic Facilities Management

Introduction

The purpose of this study is to expand the boundaries of our knowledge by exploring some relevant information relating to strategic facilities management. The term facility management is equated with the integration of planning, implementation, management and control of the "Facilities". A definition of facility management (FM) aims to manage cost and building whilst providing optimum conditions for the people working in it. Facility management is the administration and organization of buildings and the management of facilities and equipment after the completion of construction. To the term facility management to be correctly interpreted as "Facilities" means all land, infrastructure, buildings, equipment, machinery and equipment - in short, all the assets of the company. Besides the already mentioned aspects, facility management also considers the organizational environment of people in buildings or in their workplace. The ever increasing cost pressures led to the company they constantly identify their improvement and cost reduction opportunities and implement them. Therefore it is necessary to consider also the facility management of a company's strategic restructuring, as the property to payroll costs represent the largest cost within an organization.

In this paper, the author will conduct a critical examination of the processes and operations of a company and produce an outline facilities management strategy draft report suitable for presentation to the senior management team of the organization.

Company Overview

The organization that we have selected for this assignment is Isle of Eriska Hotel. The Isle of Eriska, spa and the island is an exclusive hotel which is located on the west coast of Scotland on a 300 acre land in north of Oban. The hotel is owned and run by the Buchanan-Smith ...