NEWS & ARTICLES

Australian Institute of Building Professional Excellence Award for the Box Hill Temporary Public School

Evolving from being seen as a cost, Facilities Managers now plays a vital role in executive decision-making due to technological advancements and software platforms. Accurate Asset Registers serve as the foundation for Facilities Management software, allowing professionals to align asset information with strategy plans, maintenance history, compliance, and more. We also outlines key stages in developing an Asset Register, emphasising the importance of understanding client needs, finding appropriate solutions, planning the register's structure, and successful implementation.

Facilities Management (FM) is gaining strategic importance within businesses as support services become essential for efficiency and competitiveness. The evolving complexity of FM sparks debates on required skills, as FMs are increasingly seen in senior roles, emphasizing their role in protecting investments and integrating FM into organizational strategies.

In facility and asset management, the term "whole-of-life" encompasses the comprehensive cost of ownership over an asset's lifespan, including maintenance, financing, design, and disposal. Despite its logic and influence on decision-making, successful implementation of this approach remains a challenge, often due to shifting client expectations and the need for consistent factors like maintenance attitudes and budgets. However, when these constants are upheld, along with industry best practices, a whole-of-life maintenance program can lead to long-term savings, countering short-term reactive approaches and enhancing asset reliability and value.