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Title: An integrated asset performance framework for operational buildings – preliminary results of focused group validations in Hong Kong and Australia
Authors: Then, SSD
Tan, TH
Chau, CK 
Issue Date: Nov-2004
Source: Facilities management and maintenance : human elements in facilities management : understanding the needs of our customers : proceedings of the Hong Kong 2004 CIBW70 International Symposium, Hong Kong, 7th-8th November 2004, p. 239-250
Abstract: Business performance is contingent upon effective use and management of all resources to enhance competitive advantage. However, whilst the resource value of finance, human resources and technology is widely recognized, that of the supporting physical asset (i.e. building or real estate) that houses these resources is not obvious to many corporate managers who see building-related expenses as a drain on profit. Operational buildings are at the same time, a physical asset, a functional facility, as well as a business resource. Literature on the subject suggests a wide range of views which tended to polarize towards either the measurement of the physical (technical) performance or the financial (cost) performance. Contemporary resource management supports the view that building assets are an essential resource just as human resource, technology; finance and knowledge are business resources needed to achieve corporate objectives. An integrated resource management approach views an optimum real estate or facility solution as one which is derived from consideration of all corporate resources to meet business needs. In this respect, the prime focus in measuring operational building performance must be viewed in the context of the relationship of building assets in relation to their contributions to business outcomes. This is the premise upon which an integrated asset performance framework for performance of operational buildings has been developed. The paper will explain the conceptual basis of an integrated asset performance framework and the preliminary results of two validation workshops conducted in Hong Kong and Australia.
Keywords: Asset performance
Integrated framework
Operational buildings
Publisher: Department of Building Services Engineering, The Hong Kong Polytechnic University
ISBN: 1-962-367-435-X
Rights: © 2004 The Hong Kong Polytechnic University. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system without permission in writing from the publisher.
Posted with permission of the publisher.
Appears in Collections:Conference Paper

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