This document provides an introduction to corporate real estate management (CREM) with a focus on the business perspective. It defines corporate real estate and CREM, and discusses CREM strategies, organization structure, performance measurement, and risk management. Specifically, it outlines CREM strategic planning, which facilitates aligning real estate strategies with overall business strategies. It also discusses CREM organization structures, including decentralized, centralized, and wholly-owned subsidiary models. Finally, it notes CREM involves measuring performance to optimize value and managing risks and assets.
A partir de 1573 por orden real en todo el Imperio Español se obligaba a los pueblos a contar con una alhóndiga (almacén) para proveer de alimentos y granos a la población en caso de emergencia.
Juan Durán era dueño del terreno donde se edificaría en el siglo XIX el hoy Teatro de la República, pero en aquellos años de principios del siglo XVII lo vendió a Juan Caballero y Medina, un poderoso militar virreinal quien a su vez y años más tarde, lo heredó a sus hijos Juan y Nicolás Caballero y Ocio y a sus tres hijas, una casada y otras dos religiosas.
Detailed project reports are documents created for planning, decision making, and project approval. They contain key project details to guide execution and control. There are different types created at various stages, including inception reports made early on with raw data and feasibility studies to support investment proposals. Inception reports provide initial ideas and seek input, while feasibility reports analyze surveys and define system objectives. Both include essential contents like project descriptions, costs, schedules, and conclusions. Detailed project reports ensure projects are properly defined and addressed to stakeholders' satisfaction.
Managing infrastructure projects requires a professional orientation, especially so in developing economies like India. Herein a materials management and suppl chain management orientation is taken to highlight some of the successful projects.
APPLICATION OF 'SCIENCE OF NUMBER' TO PRAYERSIsmaheel Bakare
This document discusses the numerical significance of certain Qur'anic and prophetic supplications. It notes that the most superior statements according to hadith are "Laa ilaaha illallah" and "Alhamdu lillah". When combined, these statements numerically equal 313, which is significant as it corresponds to the number of Allah's messengers and those who participated in the Battle of Badr. The document explores other numerical correlations between 313 and Qur'anic verses. It aims to demonstrate the miraculous arrangement of Allah's words through this application of the science of numbers.
Many Muslims often criticize the Mystics, most especially those renowned with ecstatic statements. Shaykh Jamiu Bulala belonged to this realm, many have yearned about his biography, thus, this is an excerpt from my Undergraduate Thesis. It is hoped that after thorough analysis of the Sage, one will be left to decide as to whether Tasawwuf is Shari'ah compliant or Bid'ah. ENJOY!
Recent advances in corporate real estate management paper Ronald van Nattem
This document summarizes a new approach to corporate real estate management called "Entrepreneurial Cooperation". It involves closer cooperation between internal CREM staff and external contractors to optimize maintenance, restructuring, and control of buildings. The CREM organization focuses on interpreting customer needs while contractors take on more responsibility using their expertise in new technologies. This model was implemented by the real estate management division at Eindhoven University of Technology, where it has led to task and budget shifts while maintaining service levels. The new approach aims to enable innovation and adapt to changing needs through differentiated, demand-driven services across the university's departments.
A partir de 1573 por orden real en todo el Imperio Español se obligaba a los pueblos a contar con una alhóndiga (almacén) para proveer de alimentos y granos a la población en caso de emergencia.
Juan Durán era dueño del terreno donde se edificaría en el siglo XIX el hoy Teatro de la República, pero en aquellos años de principios del siglo XVII lo vendió a Juan Caballero y Medina, un poderoso militar virreinal quien a su vez y años más tarde, lo heredó a sus hijos Juan y Nicolás Caballero y Ocio y a sus tres hijas, una casada y otras dos religiosas.
Detailed project reports are documents created for planning, decision making, and project approval. They contain key project details to guide execution and control. There are different types created at various stages, including inception reports made early on with raw data and feasibility studies to support investment proposals. Inception reports provide initial ideas and seek input, while feasibility reports analyze surveys and define system objectives. Both include essential contents like project descriptions, costs, schedules, and conclusions. Detailed project reports ensure projects are properly defined and addressed to stakeholders' satisfaction.
Managing infrastructure projects requires a professional orientation, especially so in developing economies like India. Herein a materials management and suppl chain management orientation is taken to highlight some of the successful projects.
APPLICATION OF 'SCIENCE OF NUMBER' TO PRAYERSIsmaheel Bakare
This document discusses the numerical significance of certain Qur'anic and prophetic supplications. It notes that the most superior statements according to hadith are "Laa ilaaha illallah" and "Alhamdu lillah". When combined, these statements numerically equal 313, which is significant as it corresponds to the number of Allah's messengers and those who participated in the Battle of Badr. The document explores other numerical correlations between 313 and Qur'anic verses. It aims to demonstrate the miraculous arrangement of Allah's words through this application of the science of numbers.
Many Muslims often criticize the Mystics, most especially those renowned with ecstatic statements. Shaykh Jamiu Bulala belonged to this realm, many have yearned about his biography, thus, this is an excerpt from my Undergraduate Thesis. It is hoped that after thorough analysis of the Sage, one will be left to decide as to whether Tasawwuf is Shari'ah compliant or Bid'ah. ENJOY!
Recent advances in corporate real estate management paper Ronald van Nattem
This document summarizes a new approach to corporate real estate management called "Entrepreneurial Cooperation". It involves closer cooperation between internal CREM staff and external contractors to optimize maintenance, restructuring, and control of buildings. The CREM organization focuses on interpreting customer needs while contractors take on more responsibility using their expertise in new technologies. This model was implemented by the real estate management division at Eindhoven University of Technology, where it has led to task and budget shifts while maintaining service levels. The new approach aims to enable innovation and adapt to changing needs through differentiated, demand-driven services across the university's departments.
The document discusses green leasing and operating commercial real estate in a sustainable manner. It provides an overview of key issues from various stakeholders' perspectives, including property managers, leasing professionals, engineers. Green leasing aims to integrate sustainability into lease negotiations and make building performance transparent to tenants. Benefits include reduced costs, improved indoor environment, and increased asset value.
Joe Rastatter Resume Corporate Real Estate Manager 02.26.14 Joe Rastatter
Accomplished Corporate Real Estate Manager with extensive experience in all aspects of corporate real estate management including geographic site selection, lease negotiations, business operations and property management. Accomplishments in all areas of new location procurement, development and tenant services.
Managed the Real Estate process from site selection through turnkey opening.
TechRise: Bridging The Gap Between CRE and Social MediaThe Wilbert Group
The document discusses how commercial real estate professionals can use social media, particularly LinkedIn, Twitter, Instagram, and Facebook, to connect with others in the industry and drive new business. It provides tips on setting up profiles, engaging with groups, and sharing content on each platform. LinkedIn is identified as the most important platform, with over 90% of CRE professionals having a presence there. Twitter is also useful for connecting with journalists. Instagram is growing in popularity for CRE as younger professionals rise up. Facebook is not recommended for B2B opportunities in real estate.
Corporate Real Estate Impact on Enterprise SuccessRegus
This research explores the relationship between the perceived maturity and capability of Corporate Real Estate (CRE) practices and the economic performance of business enterprises. It focuses on Fortune 500-sized organisations.
http://www.regus.com/?utm_campaign=slideshare
This presentation talks about how to set up a complete corporate real estate and group benefits website.
Included are elements, ideas and other information for mortgage lead generation and real estate lead generation
(copyrighted: Chuck Ward Florida Mobile Fusion 2013)
Real estate management solution for new ageEmil Garipov
This document discusses a real estate management solution that utilizes geolocation to help rent and sell properties. It integrates with Google Maps and navigation software to provide direct offers from property owners for both rentals and sales. The solution also offers tailored listings for specific groups like students, tourists, and civil workers. It outlines partnership programs with universities, employers, tourism companies, state authorities, and construction companies to provide access to housing databases and registration assistance.
Risks Ahead: Global Corporate Real Estate Trends 2013JLL
JLL’s second biennial report on Global Corporate Real Estate Trends unearths the five top corporate real estate risks, including possible negative impacts to competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.
To learn more about this study and see where your corporation stands amongst survey repondents, please visit http://www.gcre.joneslanglasallesites.com/
Implementing an effective Corporate Real Estate Project Framework in global o...jcquinn
The document discusses implementing an effective Corporate Real Estate Project Framework in global organizations. It notes that real estate projects vary significantly in type, size, and complexity. This raises challenges around keeping information up-to-date and accessible, managing workflow, and using a single framework for such diverse projects. The document then outlines hurdles such as a lack of accurate information, ineffective collaboration, and poor governance. It presents CQC's Corporate Real Estate Project Framework as a solution, which keeps project information centralized and allows customization of governance structures. The framework facilitates collaboration and proactive management through features like milestone tracking and customizable reporting.
Australia’s Corporate Real Estate Trends, Getting the Strategy Right, reveals that the Australian CRE’s see their mandate as stronger than three years ago – 26% say much stronger and 40% say stronger. Find out more at http://globalcretrends.jll.com/Australia.php
The document discusses becoming a data analyst and the role of a data analyst on a PBIS (Positive Behavioral Interventions and Supports) team. It describes the responsibilities of a data analyst which include preparing data summaries before meetings, presenting data at meetings to help identify problems and evaluate solutions, and being prepared to generate custom reports during meetings. It also provides examples of how to use SWIS (School-Wide Information System) data to define problems precisely in order to develop effective solutions.
Fachmedien sind der wichtigste Kanal für Immobilienprofis, wenn es Informationen oder neue Kontakte fürs eigene Geschäft geht. Soziale Netzwerke spielen noch eine untergeordnete Rolle, gewinnen aber an Bedeutung. Das geht aus einer Umfrage von ergo Kommunikation unter Immobilienprofis hervor.
Coporate Real Estate Objectives,Strategies & Key FactorsCoralie Clement
This document discusses corporate real estate strategies and objectives. It outlines key factors that influence workplaces like organizational goals, culture and technology. The main objectives for corporate real estates are to maximize shareholder wealth, enhance employee productivity and reduce costs. Some strategies mentioned include workplace innovation, outsourcing and portfolio optimization. The conclusion emphasizes that clear objectives and best-in-class solutions are needed. It also stresses that change management is critical for implementing new real estate strategies successfully.
*Strategic Facility Planning, IFMA World Workplace Bob Sawhill, CFM
Bob Sawhill\’s presentation at IFMA\’s World Workplace Conference. Titled: Strategic Facility Planning: "Get out of the weeds, and align your workplace with your business’ needs"
Corporate Real Estate_2020 Service Delivery and Outsourcing Final ReportKurt Ochalla, MCR SLCR
The Service Delivery and Outsourcing team conducted interviews with CRE leaders and service providers to understand how service delivery models may evolve by 2020. Key findings include:
- Service providers will be expected to deliver more sophisticated, multi-domain services using skilled teams and advise clients strategically, shifting from cost-based to value-based models.
- CRE will continue outsourcing non-core functions globally to reduce costs and adapt quickly, though approaches will vary.
- Data management will be crucial, though most companies will retain data ownership for competitive reasons; providers will develop insights from shared data.
- Globalization and economic pressures will drive further service provider consolidation and expansion, potentially including new types of providers.
The document outlines the services provided by an organization including commercial real estate management, technical facilities management, infrastructural facilities management, sales, and support solutions and processes. It details the planning, acquisition, construction, maintenance, and disposal services across real estate, facilities, and infrastructure and includes architectural functions, document management and reporting.
1.1 introduction to real estate project managementIrefuser1
The document discusses effective project management for real estate projects. It describes the key modules and chapters that will be covered in the training program on real estate project management. These include fundamentals of real estate project management, essential knowledge areas like integration management, scope management, time management, cost management, quality management, and more. It provides an overview of the roles and responsibilities of civil engineers in real estate project management. Additionally, it discusses various concepts like project life cycles, project phases, organizational influences on project management, and more.
What Is the ROI of Investing in a Healthcare Data AnalystHealth Catalyst
Making the most of a healthcare data analyst’s knowledge is a key component to getting the best ROI from a hospital improvement project. But all too often, analysts serve merely as data validators — they justify the data that leadership wants validated. Because analysts aren’t decision makers, they don’t have the authority to ask the questions that can save a health system millions. Empowering analysts, however, enables them to ask the right questions — and find the right answers — that will lead to significant savings.
This document summarizes an explorative study that aimed to identify the activities of the corporate real estate management (CREM) organization that need to be performed during different phases of a merger and acquisition (M&A) process. The study reviewed CREM literature to identify CREM activities, identified phases of the M&A process from general M&A literature, conducted case studies of three companies that underwent an M&A, and interviewed three real estate advisors. It identified 35 CREM activities relevant for the CREM organization from the literature and case studies. Interviews confirmed that all activities are important for at least one phase of the M&A process. The study developed a framework organizing the most mentioned activities for each M
Facilities or Facility Management or just FM as many refer to it is an industry that supports an organization to achieve its objectives and goals through optimizing cost savings and efficiencies within the non-core areas of the business. Although this multi billion-dollar global industry has been established, as we know it today, for over 30 years, it is still misunderstood by many and is unknown to others. The purpose of this article is to define FM and identify its purpose and role, including how it supports organizations in meeting their goals.
The document discusses green leasing and operating commercial real estate in a sustainable manner. It provides an overview of key issues from various stakeholders' perspectives, including property managers, leasing professionals, engineers. Green leasing aims to integrate sustainability into lease negotiations and make building performance transparent to tenants. Benefits include reduced costs, improved indoor environment, and increased asset value.
Joe Rastatter Resume Corporate Real Estate Manager 02.26.14 Joe Rastatter
Accomplished Corporate Real Estate Manager with extensive experience in all aspects of corporate real estate management including geographic site selection, lease negotiations, business operations and property management. Accomplishments in all areas of new location procurement, development and tenant services.
Managed the Real Estate process from site selection through turnkey opening.
TechRise: Bridging The Gap Between CRE and Social MediaThe Wilbert Group
The document discusses how commercial real estate professionals can use social media, particularly LinkedIn, Twitter, Instagram, and Facebook, to connect with others in the industry and drive new business. It provides tips on setting up profiles, engaging with groups, and sharing content on each platform. LinkedIn is identified as the most important platform, with over 90% of CRE professionals having a presence there. Twitter is also useful for connecting with journalists. Instagram is growing in popularity for CRE as younger professionals rise up. Facebook is not recommended for B2B opportunities in real estate.
Corporate Real Estate Impact on Enterprise SuccessRegus
This research explores the relationship between the perceived maturity and capability of Corporate Real Estate (CRE) practices and the economic performance of business enterprises. It focuses on Fortune 500-sized organisations.
http://www.regus.com/?utm_campaign=slideshare
This presentation talks about how to set up a complete corporate real estate and group benefits website.
Included are elements, ideas and other information for mortgage lead generation and real estate lead generation
(copyrighted: Chuck Ward Florida Mobile Fusion 2013)
Real estate management solution for new ageEmil Garipov
This document discusses a real estate management solution that utilizes geolocation to help rent and sell properties. It integrates with Google Maps and navigation software to provide direct offers from property owners for both rentals and sales. The solution also offers tailored listings for specific groups like students, tourists, and civil workers. It outlines partnership programs with universities, employers, tourism companies, state authorities, and construction companies to provide access to housing databases and registration assistance.
Risks Ahead: Global Corporate Real Estate Trends 2013JLL
JLL’s second biennial report on Global Corporate Real Estate Trends unearths the five top corporate real estate risks, including possible negative impacts to competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.
To learn more about this study and see where your corporation stands amongst survey repondents, please visit http://www.gcre.joneslanglasallesites.com/
Implementing an effective Corporate Real Estate Project Framework in global o...jcquinn
The document discusses implementing an effective Corporate Real Estate Project Framework in global organizations. It notes that real estate projects vary significantly in type, size, and complexity. This raises challenges around keeping information up-to-date and accessible, managing workflow, and using a single framework for such diverse projects. The document then outlines hurdles such as a lack of accurate information, ineffective collaboration, and poor governance. It presents CQC's Corporate Real Estate Project Framework as a solution, which keeps project information centralized and allows customization of governance structures. The framework facilitates collaboration and proactive management through features like milestone tracking and customizable reporting.
Australia’s Corporate Real Estate Trends, Getting the Strategy Right, reveals that the Australian CRE’s see their mandate as stronger than three years ago – 26% say much stronger and 40% say stronger. Find out more at http://globalcretrends.jll.com/Australia.php
The document discusses becoming a data analyst and the role of a data analyst on a PBIS (Positive Behavioral Interventions and Supports) team. It describes the responsibilities of a data analyst which include preparing data summaries before meetings, presenting data at meetings to help identify problems and evaluate solutions, and being prepared to generate custom reports during meetings. It also provides examples of how to use SWIS (School-Wide Information System) data to define problems precisely in order to develop effective solutions.
Fachmedien sind der wichtigste Kanal für Immobilienprofis, wenn es Informationen oder neue Kontakte fürs eigene Geschäft geht. Soziale Netzwerke spielen noch eine untergeordnete Rolle, gewinnen aber an Bedeutung. Das geht aus einer Umfrage von ergo Kommunikation unter Immobilienprofis hervor.
Coporate Real Estate Objectives,Strategies & Key FactorsCoralie Clement
This document discusses corporate real estate strategies and objectives. It outlines key factors that influence workplaces like organizational goals, culture and technology. The main objectives for corporate real estates are to maximize shareholder wealth, enhance employee productivity and reduce costs. Some strategies mentioned include workplace innovation, outsourcing and portfolio optimization. The conclusion emphasizes that clear objectives and best-in-class solutions are needed. It also stresses that change management is critical for implementing new real estate strategies successfully.
*Strategic Facility Planning, IFMA World Workplace Bob Sawhill, CFM
Bob Sawhill\’s presentation at IFMA\’s World Workplace Conference. Titled: Strategic Facility Planning: "Get out of the weeds, and align your workplace with your business’ needs"
Corporate Real Estate_2020 Service Delivery and Outsourcing Final ReportKurt Ochalla, MCR SLCR
The Service Delivery and Outsourcing team conducted interviews with CRE leaders and service providers to understand how service delivery models may evolve by 2020. Key findings include:
- Service providers will be expected to deliver more sophisticated, multi-domain services using skilled teams and advise clients strategically, shifting from cost-based to value-based models.
- CRE will continue outsourcing non-core functions globally to reduce costs and adapt quickly, though approaches will vary.
- Data management will be crucial, though most companies will retain data ownership for competitive reasons; providers will develop insights from shared data.
- Globalization and economic pressures will drive further service provider consolidation and expansion, potentially including new types of providers.
The document outlines the services provided by an organization including commercial real estate management, technical facilities management, infrastructural facilities management, sales, and support solutions and processes. It details the planning, acquisition, construction, maintenance, and disposal services across real estate, facilities, and infrastructure and includes architectural functions, document management and reporting.
1.1 introduction to real estate project managementIrefuser1
The document discusses effective project management for real estate projects. It describes the key modules and chapters that will be covered in the training program on real estate project management. These include fundamentals of real estate project management, essential knowledge areas like integration management, scope management, time management, cost management, quality management, and more. It provides an overview of the roles and responsibilities of civil engineers in real estate project management. Additionally, it discusses various concepts like project life cycles, project phases, organizational influences on project management, and more.
What Is the ROI of Investing in a Healthcare Data AnalystHealth Catalyst
Making the most of a healthcare data analyst’s knowledge is a key component to getting the best ROI from a hospital improvement project. But all too often, analysts serve merely as data validators — they justify the data that leadership wants validated. Because analysts aren’t decision makers, they don’t have the authority to ask the questions that can save a health system millions. Empowering analysts, however, enables them to ask the right questions — and find the right answers — that will lead to significant savings.
This document summarizes an explorative study that aimed to identify the activities of the corporate real estate management (CREM) organization that need to be performed during different phases of a merger and acquisition (M&A) process. The study reviewed CREM literature to identify CREM activities, identified phases of the M&A process from general M&A literature, conducted case studies of three companies that underwent an M&A, and interviewed three real estate advisors. It identified 35 CREM activities relevant for the CREM organization from the literature and case studies. Interviews confirmed that all activities are important for at least one phase of the M&A process. The study developed a framework organizing the most mentioned activities for each M
Facilities or Facility Management or just FM as many refer to it is an industry that supports an organization to achieve its objectives and goals through optimizing cost savings and efficiencies within the non-core areas of the business. Although this multi billion-dollar global industry has been established, as we know it today, for over 30 years, it is still misunderstood by many and is unknown to others. The purpose of this article is to define FM and identify its purpose and role, including how it supports organizations in meeting their goals.
This document summarizes how corporate organizations are changing how they perceive and evaluate their commercial property portfolios. It discusses how property is now seen as more than just a business support function, but as a strategic asset linked to business goals. Board members and C-suites are more involved in property decisions and focus on how buildings can support productivity, employee retention, and branding. Organizations now seek flexible, high quality spaces that align with long term business strategies. They also aim to measure how workspace impacts productivity and culture to maximize returns from their property investments.
EY Real Estate & Facilities Management Outsourcing Poin of View 2016Henrik Jarleskog
EXECUTIVE SUMMARY
Historically, the approach to drive REFM outsourcing has been quite consistent across
industries and organizations. “The classic approach” with competitive sourcing,
transactional business models and transactional contracts has been the most widespread.
However, if you look at the most common pitfalls, there are many inherent flaws in this
approach. It is our experience that yesterday’s best practices will not equal tomorrow’s next
great innovations within value-enabling REFM.
At EY, we believe that the classic way to conduct REFM business is still useful when a
company wants to buy commoditized services at the lowest cost. However, if your objective
is to create strategic results and generate value beyond savings and transformation, the
classic approach falls short.
Your choice of business model is fundamental to achieving your strategic objectives.
Similarly, your choice of sourcing business model strategy is integral to orchestrating the
system that will enable you to achieve strategic objectives. Last but not least, the rules
you choose to follow in the relationship with your business partners are crucial for joint
success.
In this report, we have combined EY’s insights as a leading provider of REFM advisory
services with viewpoints from workplace executives and opinion leaders in outsourcing. We
aim to describe current challenges in the REFM market, the most evident future trends and - last but not least – how to respond to the upcoming changes. In other words, our theme is just as logical as it is exiting.
Best regards,
Henrik Järleskog
Understanding the true cost of propertyIain Shipley
This document discusses the true costs of commercial property that financial executives need to be aware of. It notes that rent typically only represents about 35% of total property costs, and that other hidden costs are often overlooked. The document provides an overview of identifiable costs like rent, rates, facilities management, and exit costs. It also discusses hidden costs like the impact of location on employee costs, and the effect of office design on productivity. The document compares different property acquisition strategies like leasing and purchasing, noting pros and cons of each. It emphasizes the importance of considering all costs to make informed property decisions.
Edouard Franklin provides recruitment services for Financial Officers in Luxembourg and in Europe and has drawn up an objective and precise overview of the financial population working in Luxembourg in 2009. Within the framework of the first “CFO World Gala”, we wished to share this information with the key market players. This overview of the functions, which is a first in Luxembourg, represents a synthesis of the information collected during our many talks with candidates and customers. We added a thorough analysis of each of the 1204 companies composing our panel.
In Luxembourg, the financial management population is important given the economic structure of the country and the variety of these functions is wider than in other countries. Indeed, to the traditional economic structure one can add a strong concentration of headquarters, holding companies and “business services” companies.
The studied functions take into account the functional environment (corporate, operational or both), as well as the type of business they are active in (industry, services, finance or business services). By respecting these criteria and local specificities, we have drawn a representative and objective picture of the situation.
In this study, you will find general information about 1204 companies which compose this panel and then an overview of the financial and the “business services” population.
We have then drawn up a detailed analysis of each of the 8 functions of financial management, on which we work on a daily basis.
For each function, you will find:
- A job description including the job scope and required competences.
- A synthesis of the socio-cultural, economic and salary data.
- Our analysis of the population and its main trends.
Enterprise Architecture - The Linchpin between Corporate Governance & IT Gove...Real IRM
This document discusses the relationship between corporate governance, IT governance, and enterprise architecture. It provides an overview of frameworks like King III, COBIT 5, and TOGAF 9 and how they relate to each other. Enterprise architecture is positioned as the link between corporate governance and IT governance and how developing a strong enterprise architecture practice can provide competitive advantages for organizations.
Enterprise Architecture - The Linchpin between Corporate Governance & IT Gove...The Open Group SA
Enterprise Architecture - The Linchpin between Corporate Governance & IT Governance V2
Stuart Macgregor
The presentation (updated to version 2 with new slides and information) focuses on how a synergistic approach between Corporate Governance, IT Governance, and Enterprise Architecture can increase an organisation’s value while reducing cost.
Read more about The Open Group SA at http://www.opengroup.co.za/
This document provides an overview of facility management. It defines facility management as the coordination of everything within a facility, including people, teams, departments, spaces, equipment, and technology, to ensure operations run smoothly. It notes that facilities include factories, offices, schools, hospitals, sports complexes, hotels, and retail establishments. The document discusses the scope of facility management and some of its key responsibilities, such as lease management, maintenance, energy management, occupancy and space management, and employee experience. It also distinguishes between "hard" facility management focused on physical assets and "soft" facility management focused on tasks performed by people.
Facility management involves maintaining and managing buildings to ensure their functionality. It encompasses functions like operations and maintenance, project management, quality, real estate, and technology. It aims to improve cost-effectiveness, productivity, efficiency, and employee well-being. Facility management is still developing as a profession, working to standardize definitions and bring more awareness to its value. It traces its origins to increased need for interior space planning and now must help organizations adapt quickly to changes. Building services play a key role in facility management, accounting for 30-40% of building costs and influencing sustainability and energy usage.
The linchpin between Corporate Governance and IT GovernanceThe Open Group SA
Stuart Macgregor's presentation focuses on how a synergistic approach between Corporate Governance, IT Governance, and Enterprise Architecture can increase an organisation’s value while reducing cost. He includes a look at how King III and COBIT 5 make enterprise architecture the CEO’s accountability.
Download this presentation(and more) from http://opengroup.co.za/presentations
Enterprise architecture is the linchpin between corporate governance and IT governance. It transforms legacy systems into an integrated environment optimized for business strategy. King III and COBIT 5 provide frameworks for corporate and IT governance, while TOGAF provides an enterprise architecture framework. Together, these frameworks can increase business value when properly aligned through enterprise architecture.
This document appears to be a student project on analyzing the financial performance and working capital management of PepsiCo. Limited. It includes an acknowledgements section, table of contents, summary, literature review on working capital management research, profiles of Bharti Airtel and Reliance Communications companies, and introduces the objectives of studying working capital management ratios and components.
Learning from simulated Business Game-“MY BUSINESS-MY STRATEGIES for Students, Professionals, Entrepreneurs
for more details visit http://www.rimsr.in/?page_id=2363
The document discusses the evolution of Enterprise Content Management (ECM) to Enterprise Information Management (EIM). It argues that ECM is still the core of EIM but that EIM encompasses more functionality for comprehensively managing all types of enterprise information. The definition of EIM remains a work in progress with different organizations proposing their own definitions, but most see EIM combining ECM, business processes, analytics and information governance into a holistic approach.
Enterprise Information Management | EIM | Ulrich Kampffmeyer | PROJECT CONSULT Unternehmensberatung GmbH | Contents: 1) EIM ~ All information must be treated equal | 2) EIM ~ A self-fulfilling prophecy | 3) EIM ~ Definition still in progress | 4) From ECM to EIM ~ A functional model | 5) EIM ~ A platform and an ecosystem | 6) What’s up with EIM? | Definition: "EIM Enterprise Information Management is the comprehensive management and utilization of all information of an enterprise irrespective of location, user, author, source, application, platform, use case, format, medium, and time.
To cover this scope EIM supports, uses and unifies functional components like Social Business, Enterprise Search, Business Process Management, Data Warehousing, Business Intelligence, Automated Classification, BigData, Knowledge Management, Cloud, Mobile and Information Lifecycle Management, which surround Enterprise Content Management as the core of EIM."
Working capital management of automobiles industry in haryana [www.writekraft...WriteKraft Dissertations
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Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
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Working capital management of automobiles industry in haryana [www.writekraft...WriteKraft Dissertations
Writekraft Research & Publication LLP.
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1. SUCCINCT INTRODUCTION TO CORPORATE REAL ESTATE MANAGEMENT {CREM}:
“THE BUSINESS PERSPECTIVE”
BY: BAKARE ISMAILA
smilebak2004@yahoo.com, smilebak2004@gmail.com, Mobile no: +2348034656467
{Estate Management Department, OAU, Ile-ife, Osun State (2010)}
Contents
1.0 Introduction
2.0 Definitions of CRE & CREM
a. Definitions of CRE
b. Definitions of CREM
3.0 Perspectives of CREM
a. Business Perspective of CREM
- CREM Strategic Planning
- CREM Organization Structure
- CREM Performance Measurement
- CREM Risk Management and Assessement
4.0 Conclusion
5.0 References
1.0 Introduction
The rare concept of Corporate Real Estate Management {CREM} appears to be relatively new to
African countries, although past literatures have shown that this concept has been applied with
records of success in developed countries’ business organizations.
It is apparent from the ‘few known’ Nigerian studies on the concept {Oladokun, 2010.,
Njungbwen and Udo, 2010.}, that the practice of it in Nigerian corporations, is either in its
rudimentary stage, and/or not applied at all in some sectors of the nation.
This has been the main urge of the few researchers in this distinct real estate discipline in Nigeria
to make painstaking efforts to de-mystifying the concept of CREM, in its most pristine form, to
Nigerian students {e.g. In the university at Ife, and at Uyo}.
This article humbly addresses CREM in a way that will make it understandable to the laymen,
and particularly, to the practicing Estate Surveyors and Valuers, who are yet to understand it.
This little effort was also meant to elucidate the Applied Property Management {ESM 506} class
lecture on CREM at Obafemi Awolowo University, Ile-Ife, Nigeria in 2010 by Mr. T. T.
Oladokun, in preparation of final year examination.
I hereby hope that the reader of this article, after reading it, will understand the basic concept of
Corporate Real Estate Management {CREM}.
2. 2.0 Definitions of CRE & CREM
a. DEFINITIONS OF CORPORATE REAL ESTATE {CRE}
1 Corporate Real Estate {CRE}, according to Zeckhauser and Silverman {1983} is
defined as “the land and buildings owned by companies not primarily in the real estate
business”.
2 Corporate Real Estate {CRE}, according to Brown et al {1993} applies to “properties
that are either owned or leased by firms to achieve corporate objectives”.
3 Corporate Real Estate {CRE}, according to Joroff et al. {1993}, is termed as the ‘fifth
resource’ of business corporations/organizations, after the traditional resources of
People, Technology, Information and Capital.
4 Corporate Real Estate {CRE}, according to Brueggeman and Fisher {2001} refers to
“the use of real estate as part of business operations and associated activities”.
5 Corporate Real Estate {CRE}, according to Brueggeman and Fisher {2001} refers to
“the use of real estate, as part of business operations and associated activities”.
6 Corporate Real Estate {CRE}, according to Oluwoye et al. {2001} refers to “real estate
owned by a corporation, also referred to as real property or physical facilities, or the
buildings and land held by large organizations, both public and private”.
7 Corporate Real Estate {CRE}, according to Liow and Nappi-Choulet {2007} refers to
“the land and buildings owned by companies not primarily in the real estate business”.
b. DEFINTIONS OF CORPORATE REAL ESTATE MANAGEMENT {CREM}
The management of CRE is known as Corporate Real Estate Management {CREM} and was
defined by the following authors as shown below:
1. Corporate Real Estate Management {CREM}, according to Nourse {1990} refers to
“the management of real property assets for use in business other than real estate”.
2. Corporate Real Estate Management {CREM}, according to Brown et al {1993} is
“the optimum use of all real estate assets utilized by a corporation in pursuit of its
primary business mission”.
3. Corporate Real Estate Management {CREM}, according to Bon {1994}, “concerns the
Management of buildings and parcel of land at the disposal of private and public
organizations that are not primarily in the real estate business”.
4. Corporate Real Estate Management {CREM}, according to Bon et al {1998} refers to
“the management of property that is incidentally held, owned, or leased by an
organization to support its corporate mission”.
5. Corporate Real Estate Management {CREM}, according to Lindholm {2006},
“concerns every real estate and facilities related issue in public and private organization,
whose core business is not in real estate business”.
3. 6. Corporate Real Estate Management {CREM}, according to According to Ilsjan
{2006}, “deals with the management of a corporation’s (enterprise’s) real estate portfolio,
in both, private and public sector organizations”.
7. Corporate Real Estate Management {CREM}, according to Lindholm {2006}
“concerns every real estate and facilities related issues in public and private
organizations, whose core business is not in real estate business”.
8. Corporate Real Estate Management {CREM}, according to Fuerst {2009} is
described as thus: “Most definitions of Corporate Real Estate Management {CREM}
states that its core task is the active, solutions-oriented, strategic and operational
management of properties regardless of whether they are necessary for a company’s
business operations or not. Thus, CREM typically only comprises the real estate
management activities of non-real companies”.
9. Corporate Real Estate Management {CREM}, according to Dewulf et al. {2000} is
“the management of a corporation’s real estate portfolio by aligning the portfolio and
services to the needs of the core business {processes}, in order to obtain maximum added
value for the businesses and to contribute optimally to the overall performance of the
corporation”.
Inferably, from the above definitions, CREM could be referred to as “the strategic
management of Real estate held by Corporation/Organizations, be it Public or Private, in pursuit
of its primary business mission. CREM could referred to as PuREM {Public Real Estate
Management} or PrREM {Private Real Estate Management}”.
3.0 Perspectives of CREM
Liow and Nappi-Choulet {2007} submits that “Current CRE practices suggest at least four
important areas in the light of a business management focus: CRE Strategic Planning, CRE
Organization Structure, CRE Business Performance Measurement and CRE Risk Management
and Assessment.”
a. Business Perspective of CREM
- CREM Strategic Planning
CRE Strategic Planning facilitates the development of CRE asset management (CREAM)
strategy that supports the overall business strategy {Liow and Nappi-Choulet, 2007}.
This entails the development of CRE strategies, following from and linking to the overall
Corporate/Business strategies of the company. This linkage of strategies is expected to bring
about operation decisions of the corporation’s real estate that will bring about added-value to the
core business of the corporation.
CREM strategies are supposed to be formed after fully understanding the corporate strategies of
the company, and that is why the CREM department head ought to operate at the board level
where he gets acquainted with the overall business strategies. This will largely help him in the
formulation and implementation of CRE strategies.
4. CREM STRATEGIES
• According to Nourse and Roulac {1993}
Capturing the Real Estate Value creation of the Business
Occupancy Cost Minimisation
Flexibility
Facilitating Production, Operations, Service Delivery
Facilitating Managerial Process and Work Knowledge
Promoting Marketing Message
Promoting Sales and Selling Process
Promoting Human Resources Objectives
• According to Lindholm {2008}
Increasing Value of Assets
Promoting Marketing and Sale
Increasing Innovations
Increasing Employee Satisfaction
Increasing Productivity
Increasing Flexibility
Reducing Cost
• According to Ali et al. {2008}
Corporate Social Responsibility
• According to Rogers {1999}
Strategic Positioning
Operational Effectiveness
• According to Oi {2010}
Cost Reduction; {which relates to, ………….Property Management}
Workplace Strategy; {which relates to, ………….Facility Management}
Portfolio Optimisation; {which relates to, ………….Asset Management}
- CREM Organization Structure
CRE Organization structure that allows the effective implementation of the CREAM strategy
{Liow and Nappi-Choulet, 2007}. The structure of the corporate real estate function concerns
who, where and how decisions about corporate real estate are made within an organization
{Gibson & Barkham, 2001}.
In other words, the organization structure of CREM simply refers to the organization of the
CREM department within a business corporation.
The pioneering authors of CREM {Zeckhauser and Silverman, 1983}, advocated that the
CREAM structure can be; Decentralized (where management of real estate is the responsibility
of each product department within the business organisation), Centralized (where all real estate
decisions for the firm are made in a centralized department within the business organization), or
a Wholly-Owned Subsidiary (where control of some or all of the company’s real estate is
5. transferred to a subsidiary of the business organization, e.g. like the Intercontinental Homes and
Briscoe Properties is to Intercontinental Bank and Briscoe Company respectively in Nigeria).
An alternative is to classify the CREAM structure into profit centers and cost centers (Veale,
1989). Moreover, profit centers appear to be aligned with wholly owned subsidiaries while cost
centers appear to be aligned with centralized and decentralized departments (Rutherford and
Stone, 1989).
- CREM Performance Measurement
CREM Performance Measurement simply refers to the assessment and determination of success
of CREM, i.e. Assessing and Determining the contribution of the company’s real estate to the
entire organisation as a result of effective and proactive CREM.
An effective CRE performance measurement system helps identify areas of deficiencies and set
corrective actions into motion.
Importantly, CRE managers needs to identify the Critical Factors Influencing the CREAM
performance {Veale, 1989}:-
• Presence of a Formal and Organised Real Estate Unit Operation.
• Use of Management Information Systems for Real Estate Operation.
• Use of Real Estate Accounting methods.
• Frequency of Reporting Real Estate Information to Senior Management.
• Exposure of Real Estate executives to overall Corporate Strategy and Planning.
• Availability of Information and Methods for Evaluating Real Estate Performance and Use
and the Performance of Real Estate Assets relative to overall Corporate Assets.
Business Management Concepts and Analytical Tools applied to CREAM Performance
Measurement
• Benchmarking
• Balanced Scorecard
• Building-In-Use
• Post Occupancy Evaluation Technique {POET}
• Performance Mark
- CREM Risk Management and Assessement
CRE risk management strategies must be integrated with the overall corporate risk profile. From
a strategic perspective, corporate managers need to understand the types of risks associated with
an organization’s CRE portfolio, assess the intensity of these risks within the corporate context
and devise appropriate structure and strategies to avoid, insure, transfer, hedge or diversify the
risks as appropriate. At least three major categories of the CRE risks are relevant. Financial risk
relates the impact of CRE on both the P& L statement and the balance sheet. Some examples of
these risks include reversion risk in lease/purchase decisions, liquidity risk, default risk and
interest rate risk {Liow and Nappi-Choulet, 2007}.
CRE ownership is also systematically exposed to the property market risk as any other property
investors, quantified in term of volatility of real estate returns. Finally, business risk is linked
back to the business. These risks include changes in the business condition, the firm’s
6. competitive market position, the cyclicality of demand and the demand elasticity that will affect
business performance. Consequently, the requirements for business real estate are affected{Liow
and Nappi-Choulet, 2007}.
4.0 Conclusion
The relatively new nature of the contemporary strategic Corporate Real Estate Management
makes it a worthwhile area to be researched on. The crux of the international bandwagon
approach of advanced countries towards Corporate Real Estate Management is to tap from the
neglected real estate resource of corporations.
Proactive measures towards corporation’s real estate is a sure way to add value to the core
business of the organization, and a source of succor in the problems of economic fluctuations to
corporate organizations {Bakare. 2010}.
5.0 References
Ali, Z. {2008}: “Corporate Real Estate: Another Real Estate Area”. Integration & Dissemination, pp. 8-10.
Ali, Z., McGreal, S., Adair, A. and Webb, J. R. {2008}: “Corporate Real Estate Strategy: A Conceptual
Overview”. Journal of Real Estate Literature, 2008.
Bakare, I. {2010}: “An Appraisal of Corporate Real Estate Management Practice in the Hospitality Industry in
Nigeria {A Case Study of Hotels in Lagos State}”. Unpublished thesis Submitted to the Department of
Estate Management, Faculty of Environmental Design and Management, Obafemi Awolowo
University, Ile-Ife, Osun State. December, 2010.
Bon, R. {1994}: “Ten Principles of Corporate Real Estate Management Performance”. Facilities Vol. 12 No. 5,
1994, pp. 9-10.
Breitenstein, O., May, A. and Eschenbaum, F. {1998}: “The Components of Corporate Real Estate
Management”. LACER No. 3, 1998, pp. 473-478.
Fuerst, F. {2009}: “Managing Real Estate Investments: Key Concepts and Definitions”: A review of International
Concepts and Definition. Henley University of Reading. January, 2009
Gibson, V. A. and Barkham, R. {2001}: “Corporate Real Estate Management in the Retail Sector: Investigation of
Current Strategy and Structure”. Journal of Real Estate Research, Vol. 22 Nos. 1/2 2001
Lindholm, A-L. and Leväinen K.I. {2006}: “A Framework for Identifying and Measuring Value Added by
Corporate Real Estate”. Journal of Corporate Real Estate, Volume 8, No 1, 2006, pp 38-46.
Lindholm. A-L. {2008}: “Identifying and Measuring the Success of Corporate Real Estate Management
Performance”. Dissertation for the degree of Doctor of Science in Technology, Helsinki University of
Technology, Faculty of Engineering and Architecture, Department of Surveying, {A42}, May, 2008.
Liow, K. H. and Nappi-Choulet, I. {2007}: “Corporate Real Estate: Perspectives, Evidence and Issues”.
Institute of Real Estate Studies {IRES} Working Paper Series.
Oladokun, T. T., Aluko B. T. and Odebode A. A. {2009}: “Corporate Real Estate Management: A Need For
Paradigm Shift in Nigeria”. The Estate Surveyor and Valuer, Journal of the Nigerian Institution of Estate
Surveyors and Valuers {NIESV}, pp. 67-73.
Oladokun, T. T. {2010}: “Towards Value-Creating Corporate Real Estate Assets Management in Emerging
Economies”. Journal of Property Investment and Finance, Vol 28, Issue 5, pp 354-364 , 2010.
Oluwoye, J., Karantonis, A. and Fakorede, A. {2001}: “Corporate Real Estate Asset Management: A Conceptual
Framework”. UTS Property Research Unit University of Technology, Sydney. Pacific Rim Property
Research Journal, Vol 7, No 1, 2001.
Njungbwen, E. and Udo, G. O. {2010}: “Benefit Of Corporate Real Estate Management To Higher Education
Institutions”. Department of Estate Management, University of Uyo, Nigeria.