Visibility in facilities management stimulates value creation and builds C-Suite-Facilities Manager Trust.
Take a moment to think about your existing facilities management department. Can you name your top costs? Do you know what equipment is going to need to be repaired or replaced within the next week, month, quarter or year? Is this information readily available to stakeholders? These questions reflect the importance of visibility in facilities management, and lacking the information to answer these questions will build a cloud of suspicion between your department and members of the C-Suite. However, visibility and facilities management can encourage collaboration between your team and the C-Suite in these key ways.
Data Integration Provides Greater Accuracy in Facilities Spend Forecasting
Data integration between existing and new systems can provide greater accuracy in facilities spend forecasting. Otherwise known as capital planning, a cornerstone of obtaining and maintaining C-suite support for smart building solutions’ implementation and maintenance. Bringing disparate systems together can also give access to relevant, appropriate information to all members of your organization, including members of the C-Suite. By leveraging historical and real-time data, forecasting and capital planning are tighter and less likely to result in over or under budgeting, explains FM Link.
Data Helps Facilities Managers Understand Strategic View Within the Portfolio
The use of data analytics and smart building solutions can also help facilities managers understand the true strategic view of smart building solutions and visibility in facilities management throughout an entire portfolio. Since stakeholders are interested in enterprise-wide benefits, value creation and predictable outcomes, facilities managers that use data to pinpoint their role and impact on the strategic vision of the company can also gain the trust and support of the C-suite, as well as take advantage of better collaboration between the C-suite and the facilities management team.
Blending of Automated and Traditional Systems Prevents Organizational Silos
The blending of automated and traditional systems, such as older HVAC systems and retrofitted systems with smart sensors, will help prevent organizational silos within data and facilities management. Instead of facilities managers responsible for a single location, they can oversee multiple locations, and C-suite executives can access this information in real-time and provide support and advice at their discretion. This effectively reduces the risk for misunderstandings between the C-suite and facilities management team members.
Collaboration Begets Three Key Points of Gaining C-Suite Confidence
To obtain the confidence of the C-suite, facilities managers must demonstrate an thorough understanding of human capital and talent management, operational excellence and use of innovation in all decisions. Empowered with modern, smart building solutions, facilities managers can provide these three keys to obtaining and maintaining confidence with the C Suite.
Gain the Ears of the C-Suite Through Collaboration and Visibility
Imagine how great it would feel to have the full support of the C-suite in your facilities management department. Now, consider how the standards could change when the facilities management department and members of the C-suite work together in tandem to reduce risks and increase cost-savings across your portfolio. Gain the years of the C-Suite, and build confidence in your team with these best practices.