Nobody downloaded yet

Risk Management in Facilities Management - Dissertation Example

Comments (0) Cite this document
Summary
FACILITIES MANAGEMENT OF RISK MANAGEMENT CHAPTER 1: INTRODUCTION It is firstly important to understand what facilities management is and then ascertain the management of risk within this field. In this chapter, a brief background on the research topic will be presented which will help in identifying the problem statement…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Risk Management in Facilities Management
Read TextPreview

Extract of sample "Risk Management in Facilities Management"

Download file to see previous pages In the end research ethics is given followed by the conclusion of the chapter. Background Facilities management is a field or profession that includes a number of disciplines in order to guarantee the proper functionality of the environment that is being built through incorporating a mix of people, process, place and technology (David, 2006). Facilities as the name suggests can include properties, buildings and other infrastructure. In the industry of facility management, facility is defined as a ‘built environment’ (Booty, 2009). As mentioned in the beginning, facility management’s main objective is to manage the effective and efficient operation of the said ‘built environment’ (David, 2006). In addition to this, facilities management also covers the areas of delivering services that add to the profitability and productivity of the personnel who are using any facility; reducing costs related to operational life cycle; and looking after the maintenance and security of facility for high efficiency in operation (David, 2006). Facility managers are the people responsible for the management of facilities. These managers can be working on business levels such as top management level where strategic planning and decision making takes place; or at managerial or operational level where technical issues are being handled (Booty, 2009). During the 1980s, the facilities management industry started to grow due to the expansion of business globally which during that era mainly included outsourcing of management and maintenance of the business facilities by enterprises (David, 2006). The effect of facilities management today not just on one country but on global basis is large because of the rapid growth and diversification in different industries (David, 2006). For instance, in Australia, the number of full-time employees amount up to 200,000 contributing to annual GDP turnover of more than AUD$20 billion making Australia as one of the largest business sectors (Booty, 2009). While the growth of facilities management industry is impressive, it is not without risk. This is where risk management comes in. Over the decade, a lot of emphasis has been given on risk management especially in the field of facilities management (Booty, 2009). It is based on two objectives: to identify risks associated with facilities management and to reduce or eliminate those risks (Booty, 2009). It is therefore important for any facility manager to implement a risk management program in the ‘built environment’ in order to save money on the costs, reduce obligations and insurance, operate a safe facility etc (David, 2006). This phenomenon has increased the importance of risk management in facilities management. Therefore, this research will explore this phenomenon in the topic of facilities risk management. Problem Statement Facilities management has become a vital factor for the effective operation of organizations in either public sector or private sector. This has put the role of facilities managers in high importance for the realization of organization objectives in terms of daily operating functions (Booty, 2009). Because facilities management involves the effective and efficient maintenance of operating facilities, it has given rise to many risks that are part of the daily work environment. To identify these risks and reducing them is a big challenge that facilities manage ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Risk Management in Facilities Management Dissertation”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1406701-risk-management-in-facilities-management
(Risk Management in Facilities Management Dissertation)
https://studentshare.org/family-consumer-science/1406701-risk-management-in-facilities-management.
“Risk Management in Facilities Management Dissertation”, n.d. https://studentshare.org/family-consumer-science/1406701-risk-management-in-facilities-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Risk Management in Facilities Management

Facilities Management

...Facilities Management Building a Better Future The article illustrates how integrating energy conservation into business models is vital. Nevertheless, it is not embraced because of the duration the ideology will take to benefit investors (return on investment). Energy conservation measures provide a means in which firms and institutions can save on operating costs and simultaneously creating an environmental friendly or conscious buildings in which the employees can operate (Taylor, ‘Building a Better Future’). The article reveals that the main problem with the initiative is the con that, it will take long for investors to see the benefit from their investments. The problem is evident in...
4 Pages(1000 words)Essay

Facilities Management

...Facilities Management The Future is Green The article illustrates how buildings can incorporate the element of ‘going green’ in their structure. Based on the article, it has become an important factor to ensure that, buildings are developed in an environmental friendly way. There is an upward growth in development of ‘green buildings’, which is part of an initiative to create buildings that observe health factors and well-being for humans. The design of a building should primarily ensure safety as well as enhance productivity of those working in the building. Use of ‘going green buildings’ will serve to address these measures and concerns. (Cooper, ‘The Future is Bright Green’) The article provides a...
4 Pages(1000 words)Essay

Facilities Management

...and services for non-resident Indians and its international trade finance and correspondent banking relationships Rural (micro-Banking) and Agricultural Banking. The Rural, Micro-Banking and Agro-Business Group are responsible for envisioning and implementing rural banking strategy, including agricultural banking and micro-finance. Government Banking and Corporate Center. The Corporate Center comprises of the internal control environment functions (including operations, risk management, compliance, audit and legal); finance (including financial reporting, planning and strategy, asset liability management, investor relations and corporate communications); human rustics...
11 Pages(2750 words)Essay

FACILITIES MANAGEMENT

...? "Contracts are normally written by the legal team, they are by nature one sided (or try to be) - procurement is also a little one sided too, which leaves the facilities manager to pick up all the pieces and do the balancing act. The first step is developing a good relationship at the start with a good procurement process that produces a workable financial/compensation model, balances risk between the parties, defines expectations, establishes a strong communication method, sets up a beneficial performance management process (not just KPI's) and work together for success, not as a traditional master/slave relationship. " a. Discuss the above statement by critically...
12 Pages(3000 words)Essay

Hospitality Facilities Management

...Running Head: HOTEL INDUSTRY Hospitality Facilities Management Table of Content Introduction Background Concept of Hospitality What is customer value Importance of Customer Value Benefits to the customers Management's expectation and customer's experience Operations management Origin and Criteria of Operations Management Quality control of operations management in hospitality Computer based tracking Customer Feedback Conclusion Hospitality Facilities Management Introduction Hospitality business is referred as the business of hotels and motels which are normally made for the ease of travelers...
10 Pages(2500 words)Essay

Facilities Management - Good Business Turns Risk into Opportunity

The competition in the market place is such that ill-conceived facilities can render any business a non-starter. In particular, waste management of Fitness First Gym Center, if not properly exercised, could spell trouble for the gym if not quickly set right. The waste management in Fitness First Gym Center includes internal and external factors. The internal factors have bearing on the management of space, exercise equipment, number of trainees and their instructors and the management of time that goes along with the utility of space and equipment. The external factors are those that influence the output of the gym without which it cannot provide integral services like the panel of consultant doctors and contract services for...

2 Pages(500 words)Case Study

Facilities Management

...appears here] appears here] appears here] appears here] Facilities ManagementFacilities Management Project integration Project integration involves systematic distribution of various elements of a particular project. Basically different parts of a computing system or project, which are working and functioning separately, are combined together to integrate a project (Wikipedia, p.1). It is really vital to identify the main areas that need to be integrated within the system for project integration. The group of people involved or the project team workers perform all the important tasks that are necessary for the implementation of this process. This integration...
2 Pages(500 words)Essay

Facilities Management

...Strategic Hospitality: Facility Management of the Task (problem) You are the Executive Housekeeper of a resort hotel in Florida.You have been asked to give your professional opinion on the type of floor covering you would recommend for these areas of the resort that are going to be re designed six months from now. The areas in need of new floors are the resort coffee shop, the main lobby and the employ locker room. The weather is sub tropical with warm summer and mild winters. The property has two large swimming pools and the guests practice many water-sports at the nearby oceanfront. As a result, people staying at the resort often go to the front desk and concierge areas dripping water from their wet...
10 Pages(2500 words)Essay

Facilities management

...FACILITIES MANAGEMENT Sub s Introduction of topic ….2.The Gherkins in facilities management perspective (History , Purpose , occupiers 3.High performance Workplace Features….. INTRODUCTION OF TOPIC : Facility management is an interdisciplinary field primarily devoted to the maintenance and care of commercial or institutional buildings, such as hospitals, clinics, hotels, resorts, schools, office complexes, sports arenas or convention centers. Duties may include the care of air conditioning, electric power, plumbing and lighting systems; cleaning; decoration; ground keeping and security. Some or all of these duties can be assisted by computer programs. These duties can be thought of as non-core or support services, because... they are not the...
10 Pages(2500 words)Assignment

Facilities Operations and Management

.... In this area, some of the roles that the manager may play include declaring the closure of areas of the building, in the case that they are considered unfit for habitation, or polluted beyond a limit allowable for employees and customers to use. For example, in the case that one wing of the hotel building is facing the risk of breakage; the manager is responsible for commissioning the diagnosis of the problem, and advising all employees and customers regarding the use or the lack of use for the given area (Pizam 9). This area also covers the role of building maintenance, which covers actions like commissioning maintenance workers to repair broken facilities and rooms, for example doors and toilets. In the process of doing... ...
10 Pages(2500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Dissertation on topic Risk Management in Facilities Management for FREE!

Contact Us