Mitigating risks related to facilities management
O'Neill, D.P.; Scarborough, S.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 67(7): 52-55
2013
ISSN/ISBN: 0735-0732 PMID: 23875505 Document Number: 669583
By looking at metrics focusing on the functionality, age, capital investment, transparency, and sustainability (FACTS) of their organizations' facilities, facilities management teams can build potential business cases to justify upgrading the facilities. A FACTS analysis can ensure that capital spent on facilities will produce a higher or more certain ROI than alternatives. A consistent process for managing spending helps to avoid unexpected spikes that cost the enterprise more in the long run.