Definition
Facility management is a professional management discipline focused upon the efficient and effective delivery of support services for the organizations that it serves. The ISO defines FM as the “organizational function which integrates people, place and process within the built environment with the purpose of improving the quality of life of people and the productivity of the core business.”
Facility Operations
What is ‘Facility Operations’
Includes all the services required to ensure a facility will do what it is designed to do. Facility operations typically includes the day to day operations of the facility. Depending on the industry, each facility will operate differently.
Explaining ‘Facility Operations’
An example would be a manufacturing facility. It could be broken down into process, production and maintanence departments with each department having teams to oversee. The facility operations are the way each department and the teams work and help the manufacturing facility attain its goals.
Further Reading
- Trends in park tourism: Economics, finance and management – www.tandfonline.com [PDF]
- The economic benefits of green buildings: a comprehensive case study – www.tandfonline.com [PDF]
- Repo market effects of the term securities lending facility – pubs.aeaweb.org [PDF]
- Credit financing in economic ordering policies for non-instantaneous deteriorating items with price dependent demand and two storage facilities – link.springer.com [PDF]
- Community‐based facilities management – www.emerald.com [PDF]
- The term securities lending facility: origin, design, and effects – papers.ssrn.com [PDF]
