Topic: Cost Cutting

costcutting

Is there more to Facilities Management than Cost Cutting Efforts? That was the theme of our September 2004 luncheon held at QuikTrip. Our speaker was Steve Lockwood, past president of the Minneapolis-St. Paul chapter and Principal of Foresight Associates.

Cost cutting efforts continue to be the number one issue for facility managers. Based on a recent IFMA Foundation survey, this trend will continue for months to come.

So, how do we communicate the true value of the facility to our organization's leadership?

In most cases, cost cutting efforts have been necessary and warranted. But, for every organization there is a point of diminishing returns. Go beyond that point and the cost cutting efforts will have a negative impact on the organization's performance. Can there be balance between cost cutting and developing solutions that support the organizations business goals? How do we help organization leadership understand the true value of the facilities contribution?

Steve's presentation investigated these issues and identified how to demonstrate the value the facility has on organizational performance.

The following issues were covered:

  • Current trends
  • Understanding the facility value
  • Assessing the value of the facility contribution
  • How to balance cost cutting with improving organizational performance
  • The Business Driven Workplace (BDW)
  • Integrated strategy, new results
  • Why are measures and metrics outside of the FM area important
  • Reporting and communicating to Senior Management.
  • Case study review of an actual organization

In addition to being the Principal of Foresight Associates, workplace strategy advisors; Steve is also Principal of Lockwood2Creations, facilities project management; and a full time instructor in the Facilities Management program at North Dakota State University. Steve has offices in Minneapolis, Chicago, and Northwest Arkansas. A potential new member of the Tulsa chapter when he and his wife, Lisa, relocate to our area, Steve's knowledge of facility management will be a great asset to our chapter and its' members.

Congratulations to Debbi Bennett who won this month's door prize, a $25.00 gift certificate to Barnes & Nobles.