Facility Management

Definition of Facility Management as it relates to Real Estate, Real Estate Management, Construction Project Management

Facility Management involves the maintenance, repair, and operation of a building's systems and physical infrastructure, ensuring a safe and functional environment for occupants. It plays a critical role in Construction Project Management by overseeing the transition from construction to occupation, integrating new facilities into existing operations, and maintaining them throughout their lifecycle. By focusing on operational efficiency, longevity of assets, and cost-effectiveness, Facility Management contributes significantly to Real Estate and Real Estate Management goals, including property value preservation and tenant satisfaction.

Note