A Strategic Facilities Plan is the link between business strategies and real estate strategies. A recent study in the Journal of Corporate Real Estate indicates that even the best real estate databases do not support high-level portfolio decision making. Developing a knowledge management system for a real estate portfolio that is integrated with management decision-making starts with the development of a Strategic Facilities Plan.
Strategic Facilities Plans assist enterprises in determining when to buy, sell, renovate or lease facilities and are a key element in avoiding future unneeded occupancy and construction cost. This coordinated approach to management adds value to the enterprise by aligning a forward-looking facilities infrastructure with the needs of the core business.
Strategic Facilities Planning is founded on the principle that management of a group of buildings versus individual facility management can yield improvements in the real estate’s contribution to productivity, financial performance and strategic performance of the enterprise.
Strategic Facility Planning provides a product – a plan – but it is also a system for:
- Managing change
- Controlling operating cost
- Critically re-evaluating capital expenditures required to support the organization
- Anticipating organizational needs
- Providing an infrastructure for business
- Knowledge management
Labarre Associates, Inc. 