Are you curious about what goes into calculating the actual cost of owning and maintaining assets over their lifetime? You've likely heard the terms Life Cycle Costing (LCC) and Total Cost of Ownership (TCO) thrown around. These two methodologies have become buzzwords in facilities management and facility capital planning, and for good reason. By taking a closer look at the various costs associated with asset ownership and utilization, LCC and TCO can help organizations make more informed decisions about their investments. In this blog, we will delve deeper into these concepts and explore how they can be applied to optimize asset management strategies.

The discipline of Facility Management is more than managing property assets; it is crucial to achieving maximum value from workplace and environmental benefits that improve productivity and protect employees and consumers.

Efforts toward emergency preparedness have increased substantially, particularly since 9/11. Facility managers must be ready for anything from bomb threats to flooding, labor strikes, workplace violence, etc. Facility managers must have emergency response management plans to ensure the safety of their employees, visitors, and physical assets. Such plans help mitigate the impact of unforeseen events such as natural disasters, accidents, or security breaches. They are designed to guide and direct employees during emergencies and outline the procedures for responding to threats. How to create an emergency response management plan? Read on to discover how!

Are you familiar with the financial terms that facility managers and capital planners use to make informed decisions? From calculating the Payback Period to determining the Return on Investment and completing a cost/benefit analysis, many tools can help you assess the financial viability of your projects. In this blog, we'll explore these concepts and show you how to apply them. So, if you're ready to take your financial management skills to the next level, read on!