FINANCE

Finance



Introduction

As a facility manager at Ascott Ltd my role is to analyse the facilities provided by the organization to more than 1000 apartments. The functions performed as a facility manager comes under the field of facility management for example maintenance, contracts, health and safety and etc. Thus, today facility management is the provision of services that adds value to the different processes of the organization. Facility management facilitates in achieving the goals and objectives of the business. The adoption of facility management services by the multinational companies gave this field a new phase of growth in which the acceptance of facility management increased and many organizations started providing and managing the facilities that are provided or used to attract or satisfy the customers. Many organisations believed that facility management was the same as investing in an asset that resulted in providing efficient services that were essential in achieving the targets with the amount of resources available in limited time duration. The report will provide a detail analysis of the facility management field in Ascott Ltd; especially it will provide an analysis on the facilities provided by the management. The report will inform about how the facility managers do budgeting, costing and get funds for providing facilities. It will also help in analysing that how much are the facility managers able to meet the actual results with that of the budgeted estimates so that performance of facility management of a business can be measured through using Quantative methods.

Discussion

According to Atkins and Brooks (2000) facility management is defined as integration approach in order to operate, maintain, improve and by adapting the structure and the infrastructure of the organization that lead towards creation of an environment of the organization that completely supports the main goals and missions of the organization. In simple terms facility management is viewed as the fusion of management that joins people of the firm, property or assets of the firm and the processes of the management that provide significant services in order facilitates the objectives and targets of the organization. Thus the main aim of the facility management is to develop a combination of the human and the physical environment of the organization in order to enhance the efficiency and the effectiveness of the firm. The environment developed by the different occupiers of the facility has an influence on the performance of the facilities being carried out in an organization. Therefore, organizations more often try to adopt the facilities that can be managed efficiently, cost effectively, are comfortable in adopting the facilities and the one that adds value to the assets of the firm.

According to Madristch and Ebinger (2011) facilities management have an interaction between the past records and the performance measurement which cannot be neglected in order to keep the goals of the organization on track.

1.1 Analyse the range and types of providers of finance or income streams, including internal revenue streams, that are or could be used to finance the facilities management function

Access to financial ...