FACILITIES MANAGEMENT GOVERNANCE AND RISK

Facilities Management Governance and Risk



UNIT ASSESSMENT FRONT SHEET AND PLAGIARISM STATEMENT

Unit Reference

Unit FM6.02

Unit Title

Facilities management governance and risk

BIFM Membership Number

Centre Name

BIFM Training

Cohort Reference (e.g. 54321/4/01/06/2010)

10592/4/xx/xx/xxxx

Date assessment received from Centre

Deadline for completion of assessment

Date assessment submitted to Centre

PLAGIARISM STATEMENT

I, (print name) confirm that the attached assessment is entirely my own work and, if I have incorporated any copied text, I have accurately referenced the work to the original source. I confirm I have read the BIFM malpractice policy.

Unit Assessment Front Sheet and Plagiarism Statementii

Plagiarism Statementiii

TASK 11

1.1Corporate Governance1

1.1.1Risk Management and Assessment2

1.1.2Dealings in Securities3

1.1.3Whistle-Blowing3

1.1.4Dealings with Conflict of Interest3

1.1.5Manager's Responsibility4

1.1.6The Conduct of Affairs of the Board4

1.1.7CEO and Chairman4

1.1.8Internal and Audit Control5

1.2Organisation's Ethical, Financial and Social Responsibilities5

1.3Implications of Non-Compliance with Legal and Regulatory Requirements7

2.1Concepts and Criteria of Corporate Governance9

2.2Ascott's Corporate Governance Addresses The Principles Of Responsibility, Accountability, Transparency And Fairness10

2.3Information Providing System and Risks and Costs of Mismanaged Relations11

2.4Monitor and Review Relationships12

3.1Relationship between Risk within the Facilities Management Function and Its Potential Impact14

3.2Extent of Risk Management15

3.3Process of Risk Management16

4.1Risk Reduction Strategies17

4.2Strategies and Plan to Remain Compliant18

5.1Risk Transfer and Recommendation20

5.2Extent of Risk Transfer in Relation to Facilities Management20

TASK 222

6.1Scope and Extent of BCP Requirements in Ascott Limited22

6.1.1Scope and Extent22

6.1.2Role of FM25

6.2Develop a Business Continuity Plan26

6.2.1Strategies27

6.2.2Recovery34

6.2.3Restoration35

Facilities Management Governance and Risk

TASK 1

In most market sectors, businesses and organisations rely on us to provide the essential day to day property support services such as cleaning, catering, security, waste disposal and grounds maintenance, leaving them free to concentrate on core activities.

But the provision of individual services only scratches the surface of what we do; our management teams are experienced in working within your organisation to become a seamless extension of your business, working with you to provide a total facilities management service. We have the experience and capability to help you achieve compliance, benefit from the best in class technology and reduce your carbon footprint.

For this assignment, Ascott Limited Company is selected to analyse the corporate governance policy and practices followed by the company. Ascott Limited is a Singaporean corporation that has progressed to be the largest worldwide serviced residence owner-operator. The company operates in key cities of the Gulf region, Europe and Asia Pacific and serviced over 22,000 operating serviced residence units.

Risk self-assessment is a technique that enables staff to jointly identify the key business risks they face in achieving their objectives, and to develop a strategy to ensure that those key risks are effectively managed. It is a process of clearly defined steps, which supports better decision-making, giving a greater insight into the impact that those decisions will have. By going through this process, staff have the opportunity to review together the effectiveness of their current risk management and to identify opportunities for improvement.

1.1Corporate Governance

Governance in business is concerned with accountability and responsibilities. It describes how the organisation is directed and controlled. In particular, governance is concerned with organisation, management and policies. For this reason governance has particular importance for a function like facilities management which is seriously ...