FM Solutions: Creating Intelligent Buildings
December 20, 2023
This month, FOS was featured in the latest issue of Facility Executive Magazine. The December 2023 issue explores business continuity and the next generation of facility management. Plus, stormwater management trends, LED lighting, and SOLUTIONS for 2024.
“With another year in the books, facility management has continued to strive for excellence when it comes to creating and maintaining safe and healthy spaces. Facility executives always need to keep up with new codes, standards, and regulations, but they also have to consider new and innovative ways to improve the overall experience in their buildings.”
We addressed those aspirations of innovation, in our Q&A with Jen Goetz, the Editorial Director with Facility Executive Magazine.
Q: What is a notable product or service your organization will introduce to facility management professionals in 2023?
A: FOS is introducing two new modules to our FOScore® FCA and capital planning platform — the KPI module and the Total Cost of Ownership (TCO) module.
Key Performance Indicators (KPI's) are metrics that help you track how well your facility is doing in achieving its goals. Our FOScore® KPI module features include:
Facility Master Planning
Adequacy / Suitability
Standards / Benchmarking Assessments
Gap Analysis
Energy / Sustainability
Facility Readiness Implementation
Safety & Security / ADA Assessments
Prioritization & Scheduling / Inventory
Mission Dependency Index
The FOScore® Total Cost of Ownership (TCO) module is a tool to provide facility management teams with the ability to understand the total cost of ownership of assets over a 50-year outlook, giving our clients a dynamic solution that can be used to keep facility data up to date and inform tactical decision making.
Q: Why is this product or service is being introduced at this time to the facility management market. How is the offering relevant to the work of facility management leaders? How will it help them achieve their goals?
A: If you’re a facility manager, it’s safe to assume that you know assessment methodologies are rapidly evolving. With our new TCO module, “first costs” and “known needs” are gathered from the FOScore® asset module. The TCO module is powerful yet flexible; default values can be set at the module and portfolio/site/building type levels, while asset-specific values can be entered for one-time or yearly recurring costs (this is a tiered structure). Our clients determine what level of detail is appropriate for their teams to get the best return on investment in data collection and analysis. In addition to interactive data grids that can be exported, interactive visuals are available to further illustrate the total cost of ownership over time.
Making smart decisions for your facilities should be centered on data-driven insights. These FOScore® modules help organizations gather and analyze facility data to make informed choices. Quite simply, the FOScore® platform helps understand, advocate, and prepare you for the future in the challenging arena of asset stewardship.
