Integrated Resources Management Structure for Facilities Provision and Management
Publication: Journal of Performance of Constructed Facilities
Volume 17, Issue 1
Abstract
The primary focus of this paper is the physical resource base that supports any business: corporate operational real estate assets. In order to achieve the much-needed alignment between business strategic direction and its real estate infrastructure, the organization’s strategic intent must clearly reflect its facilities requirements in its strategic business plans. The significance of the strategic role of real estate assets to corporate performance can be seen in a recent influential research report by The Industrial Development Research Foundation in which corporate real estate assets are termed the fifth resource, after the traditional resources of people, technology, information, and capital. Based on a comprehensive survey of published literature and a series of in-depth interviews of corporate real estate/facilities managers, an integrating resource management framework was developed to model the nature of interactions between strategic business planning and operational asset management in an organizational setting. The proposed framework is grounded on an understanding of the nature and demands of core business requirements from which the requirements for real estate and facility services provisions are derived. The study supports the view that research efforts aimed at improving management effectiveness of the operational real estate asset base should be channeled to provide models or frameworks that promote understanding of all parties involved in the process.
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Information & Authors
Information
Published In
Journal of Performance of Constructed Facilities
Volume 17 • Issue 1 • February 2003
Pages: 34 - 42
Copyright
Copyright © 2003 American Society of Civil Engineers.
History
Received: Mar 18, 2002
Accepted: Sep 13, 2002
Published online: Jan 15, 2003
Published in print: Feb 2003
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