Successful asset data collection and management programmes in corporate real estate

Nathanael Benton
Additional contact information
Nathanael Benton: MEP Solutions, Partner Engineering & Science, Inc., USA

Corporate Real Estate Journal, 2023, vol. 12, issue 4, 312-322

Abstract: The benefits of implementing an asset data collection and management (ADCM) programme for an individual site or portfolio are numerous. ADCM can support capital planning exercises, facility condition indexing (FCI) of a portfolio, operation and maintenance (O&M) procedure development, populating a computerised maintenance management system (CMMS) or environmental, social and governance (ESG) initiatives. The relevance and accuracy of such initiatives are dependent upon the quality of the supporting data. In corporate real estate (CRE), too many organisations struggle to capture the necessary data to successfully implement proactive management strategies, leverage economies of scale and improve reporting to investors and government entities. An organisation cannot capitalise on the benefits of data-driven management platform (CMMS/IWMS) without consistent, reliable and accurate data. This paper explores how quality ADCM can streamline maintenance and capital planning, reduce spending and support business objectives.

Keywords: corporate real estate; asset data collection; asset management; data analytics; capital planning; computerised maintenance management system (CMMS); integrated workplace management system (IWMS) (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/7775/download/ (application/pdf)
https://hstalks.com/article/7775/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:crej00:y:2023:v:12:i:4:p:312-322

Access Statistics for this article

More articles in Corporate Real Estate Journal from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().