Maureen Roskosi writes about how to secure sufficient funding for facilities in “Wait, You Need How Much Funding?” for the inaugural issue of FM Professional magazine. FM Professional magazine is published by the IFMA Corporate Facilities Council.
Facility managers face a constant struggle: securing sufficient funding for maintaining buildings and infrastructure.
Traditionally, funding requests fluctuate greatly year-to-year, making them difficult to justify. The article proposes a new approach based on a six-step plan. This plan focuses on gathering data about:
- Stakeholder needs and how facilities are currently used
- The condition of buildings and equipment
- Operational efficiency
By analyzing this data, facility managers can create a long-term funding strategy with consistent requirements. This strategy prioritizes projects based on importance and aligns with the organization’s goals. The article concludes that this data-driven approach allows facility managers to make a stronger case for funding and ensure their facilities remain functional and supportive of the organization’s mission.
Read the full article here.
