What is Facility Site Asset Management?
Facility-Site Asset Management is the process of overseeing and maintaining a building’s physical assets to optimize their performance, lifespan, and value. CR-BPS partners with companies, non-profits, educational entities, and municipalities for their facilities and the lifecycle of renovations and operational management. Facility-Site Asset Management encompasses a wide range of activities and responsibilities. The ultimate goal of Facility Site Asset Management (FSAM) is to have a plan for your space. That’s why the primary purpose of FSAM services is CIP services (Capital Improvement Planning). This includes, but is not limited to:- Asset Inventory: Keeping a comprehensive inventory of all physical assets, such as equipment, machinery, furniture, and all systems within a facility.
- Performance Monitoring: Tracking the performance of assets through metrics and KPIs (Key Performance Indicators) to identify inefficiencies or areas for improvement.
- Lifecycle Management: Analyzing the lifecycle of assets, from acquisition and operation to maintenance and eventual replacement, to make informed decisions about upgrades or disposals.
- Cost Management: Monitoring and controlling costs associated with asset maintenance, repairs, and replacements to optimize budget allocation.
- Regulatory Compliance: Ensuring that all assets meet relevant safety, health, and environmental regulations.
- Space Management: Efficiently managing the use of space within the facility, including layout optimization and the allocation of resources.
- Sustainability Initiatives: Implementing strategies to reduce energy consumption and environmental impact, often integrating green building practices.
- User Engagement: Involving occupants and stakeholders in decision-making processes to ensure that the facilities meet their needs and enhance their experience.
- Technology Integration: Building management software brings continuity and clarity to an operation. 360° imaging and 3D modeling help drive long-term facility management and renovation strategies. Asset management software helps to manage and predict costs. The summary: the right asset management tech will help you create the right asset management strategy.
- Structural: Structural integrity, signs of damage, and potential safety hazards in the foundation, framing, roofing, and exterior walls.
- Mechanical: Performance, efficiency, and condition of heating, ventilation, and air conditioning (HVAC) systems.
- Electrical: Outdated components, code violations, and energy inefficiencies related to wiring, panels, lighting, and other electrical components.
- Plumbing: Leaks, corrosion, and compliance with health and safety standards regarding the water supply, drainage, and sewage systems.
- Finishes: Wear and tear, visible damage, and aesthetic concerns with floors, walls, ceilings, windows, doors, and other finishes.
- Accessibility: Hazards associated with fire protection systems, emergency exits, accessibility features for individuals with disabilities, and compliance with safety regulations.
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