Episode Summary
David Miller, a seasoned expert with over 15 years of experience in operations management within commercial real estate and construction, joins our show to delve into the intricacies of budgeting in Facilities Management.
On this episode, we cover a range of topics, including the impact of facilities on business operations, the unique budgeting needs across different industries, and the fundamental principles of effective budget management in FM.
Key Takeaways:
- Strategic Role of FM: Facilities management is pivotal in driving business success, creating productive environments, and ensuring alignment with organizational goals.
- Industry-Specific Needs: A deep understanding of how facilities management varies across industries is crucial for tailored budgeting and informed decision-making.
- Financial Acumen in FM: Mastery of financial concepts, cost tracking, ROI measurement, and building persuasive business cases are essential skills for FM professionals.
- Stakeholder Engagement: Building robust relationships with stakeholders and communicating budget requirements effectively are vital for gaining budgetary support and demonstrating FM's value.
Enjoy!
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