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Facilities management and the business of space by Wes McGregor

By Wes McGregor

Crucial interpreting for construction proprietors, amenities managers, architects and surveyors, this publication also will end up helpful on company administration and amenities administration classes, and for these learning structure, surveying and actual property administration. First ebook to deal with this significant and topical topic areaUse of Case Notes to demonstrate topicsFocuses on correlation bertween paintings and place of work; among place of work and paintings effectiveness

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7) which called for a rethinking in the way this resource is managed: 5 6 Introduction In the past, corporate management often did not consider the corporate real estate function to be as important as the four corporate resources of capital, people, technology and information. Senior managers had not learned to ask how the function could create value for the company and help to meet the overall corporate mission. Today that goal is being pursued aggressively. Senior managers now are beginning to recognise that real estate is a critical strategic asset, one that supports the financial, work environment and operational needs of the total corporation.

In structuring the flow of this book, we are conscious that we have presented the process of the planning and management of space, as discrete phases in the change process affecting the design, planning, implementation and servicing of workplace solutions. Transforming the corporate workplace to meet new and emerging business challenges is a complex and continuous process. It requires strong leadership and a clear vision, a thorough understanding of business processes and how they are likely to be impacted by technological innovations, culture and lifestyle developments.

The emergence of strategic facilities plans as corporate development tools, linking real estate decisions to corporate business plans, supports moves toward proactive management of the corporate real estate portfolio. , (1995), each of whom stressed the need to consider the real estate resource more strategically in future business planning. From the foregoing discussion, it is discernible that a fundamental rethinking is required about the definition and the use of space. A key concept in the measurement of the 7 8 Introduction performance of operational real estate assets, is the relationship between the cost of provision and the utilization of workspace.

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