There are many facilities management practitioners who are curious about what is Value-Based Facilities Management all about? Here is the brief.
Value-Based Facilities Management (VBFM) is a practice that focuses on delivering facilities management (FM) services, that matters to an organisation business success. It is developed with the intention to move the practice of FM forward, keeping in pace with the organisational change, in a dynamic and competitive business environment, to serve as a strategic relevance and resource to an organisation.
VBFM aims to develop a strong foundation for responsible facilities practitioners, and challenges the dated perceptions of the profession with solid reasoning. With VBFM in place, facilities practitioners will be more aware of the facilities services’ value, better able to prioritise assigned resources, making better decisions, enhance users’ experience, and be motivated to take pride in the FM profession. If FM is not able to add value to its organisation, credibility is unlikely to be established, and FM is unlikely to be recognised as a business advantage in its organisation.
The key objectives of developing the practice of VBFM are to:
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Encourage facilities practitioners to establish a Unique Value Proposition statement for their FM function.
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Guide facilities practitioners to focus on value sustenance and contributions on their organisations.
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Serve as a compass to consciously direct facilities practitioners efforts to work that will be valued by their organisations.
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Provide a blueprint, a step-by-step guide, on how facilities practitioners can stop “firefighting” and start to take proactive steps to intentionally contribute value to organisations.
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Raise the FM profession to be recognised and respected as a value-add and business advantage to organisations.