By Ameeta Soni, Chief Marketing Officer, VFA, Inc.
The global recession has caused numerous organizations to face tightening budgets and increased competition. Facility managers have been understandably cautious about overextending and depleting their resources without a clear understanding of how long it will take the economy to fully recover and what might occur in the interim. Only the most critical spending has been approved, so those able to prioritize the right projects have been the only ones able to react.
As the economic cycle improves, only organizations that have managed information about their facility assets and leveraged that information in the creation of capital projects, plans and budgets will remain strong. It will be a strategic advantage for facility managers to have readily available facility condition data that will enable rapid and decisive action. Gathering the necessary data after the economy improves will take time and result in critical delays. The benefits in cost and strategic outcome will be significant, whereas the financial and functional price of poor facility planning will be painfully high.
What are your facility management goals for the new year, and how are you planning to meet them?