Module 1: Facilities Management Flashcards
What is a facility?
Something designed, built, installed, to serve a specific function affording a convenience or service
What is the role of the facility?
- Guest satisfaction
- Manufacturing plant
- Marketing tool
- Asset
- Revenue generation
What are associated costs?
- development and construction
- operating
- renovating and modernization/ CapEx
What are development and construction costs?!
- acquisition of the land
- building and site improvements
- soft costs (consultant fees designer fees)
- furniture fixtures and equipment
- pre opening and working capital
What are operating costs?
POM accounts
- maintenance
- supplies and expenditures
- contract maintenance
Utilities
- electricity
- fuel
- steam
- water
What is POM
Property Operations and Maintenance
What is Facility Management?
Profession that encompasses multiple disciplines to ensure functionality of the built environment by integrating people, place and technology
What are the responsibilities of a facilities manager?
- safety and security
- risk management
- legal and regulatory
- service/maintenance of building and grounds
- cost control/ budgets
- asset management
- contract management
What do franchises have minimum standards for?
- constructing
- equipping
- furnishing
- supplying
- operating
- maintaining
- marketing the establishment
What are the responsibilities of the facility management department?
- building maintenance
- FF&E maintenance and repair
- contract maintenance
- utilities management
- waste management
- parts inventory and control
- renovations / add ins
- emergency response planning
- corporate reporting
What does FF&E stand for?
Furniture, fixtures and equipment