The 6 Steps in Prioritizing Capital Projects

The 6 Steps in Prioritizing Capital Projects

I routinely get asked how to begin prioritizing capital projects.  To be fair, this is can be a really daunting task for anyone to undertake, especially a facility manager that is in charge of a large facility with various operations.  There is good news, however. ...
What is Contracting?

What is Contracting?

As a FM professional, you will almost certainly be involved in contracting procedures on a routine basis. But exactly what is contracting?  The need for contracts comes from facility or project requirements that cannot be met with full-time staff. From individual...
Contingency and Management Reserves

Contingency and Management Reserves

Understanding contingency and management reserves is important.  In the last post, I discussed types of costs and the methods for estimating them.  The next step is to compile all cost estimates and add contingency reserves to create the cost baseline.  This baseline...
What is a Project?

What is a Project?

I started managing projects before I ever really understood what I was doing.  That said, I knew what the outcome was supposed to be and I recognized there were a series of steps that must be followed in order to get there.  Here, I’m going to answer a very...