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Facility Management in project management

Facility Management in project management

In the latest of his "Future Trends in Project Management" series Project Management advisor and lecturer, John McGrath outlines the importance of factoring Facility Management in Project Management plans.

Facility management and project management remain separate disciplines, although they converge when we consider lifecycle costs, not just the capital investment.

Lifecycle costing, due to ISO 55000, is now a realistic challenge for many organizations and therefore must be built into the full consideration of the work involved in a project and the associated costs.

Why is the total cost of ownership important?

There is now a total cost of ownership for a product or project that has to be considered in a more holistic way by considering the entire lifecycle, not just the capital investment of the project.