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Summary of Asset Management Articles

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Lecture 2: Facilities Management
Topics
Content
FM and Climate
Change
Smart Energy Management:
- Cutting edge buildings like The Edge in Amsterdam were
developed using the latest technology to control the
environment
- 28,000 sensors within its connected lighting system
- Allows building to monitor motion, light, temperature,
humidity and and infrared and make changes accordingly
-
-
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CAFM (Computer Aided Facilities Management) software
Provides ability to control and understand buildings and
assets, gives an unprecedented level of data and automation
which is essential in this fight against unnecessary emissions
Via analysing huge amount of data from sensors, forming
activity patterns and identify areas to be reduced and
identified
Commonplace for BMS (building management systems)
to be integrated with FM software to reduce energy usage
Alerts raised by the BMS can be logged directly to the FM
system and a maintenance engineer is dispatched
automatically and when combined with room booking
systems, spaces can be automated to be only powered
when in use
Responsibility for managing resources can be shared
between the FM team and the building users, reducing
emissions and saving money
FM and Climate
Change
Implement continuous improvement strategies:
- Use IoT sensors to detect if areas of an office are in use
and automatically turn off lights or HVAC systems when not
required
- Adjust pre-set temperatures on things like HVAC systems
and fridge freezers. Increasing the temperature in a fridge by
just one degree Celsius could represent an energy saving of
3-4%. Or reducing the thermostat temperature in buildings
by just one degree can potentially save thousands of
kilowatt-hours of electricity each year
FM and Climate
Change
Legislation:
- The Energy Savings Opportunity Scheme (ESOS) is a
mandatory energy assessment and energy saving
identification which applies to UK undertakings which employ
at least 250 people or have an annual turnover above 50
million.
- Important for business to be energy efficient to ensure
sustainability
FM and Climate
Change
Sharing Sessions:
- Recognising the need to raise awareness of the benefits of
sustainability, and that FMs are key in delivering net zero
buildings, Climate Group and IWFM are continuing their
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BIM
-
Workplace
ecology
-
Tactical facility
management: in
COVID times
collaborative work in this area.
The partnership will deliver a series of peer-to-peer events
on smart energy management to showcase best practice,
offer tips for addressing common challenges around energy
reduction, signpost the strategies and tools to help achieve
targets, and enable the transition to cleaner options.
Helps facility management to make informed decisions as
they are well-aware of the condition of the building
BIM allows FMs to take informed decisions through the
whole lifecycle of the facility around areas such as space
use, floor planning, equipment and asset maintenance,
energy consumption, and cost efficiencies
Aid in mitigating risks and reducing further management
costs
Concerned with enabling effective business practice and
operations through the provision of appropriate facilities
Best means of quantifying improvements in workplace
ecology
After COVID, the workplace should:
Embed safety, wellbeing and sustainability
Encompasses inclusive, universal design
Enables networked knowledge
Incorporates real-time and predictive analytics, automation,
machine learning and AI assistants
Sustainability and Eco-friendliness
The U.S. Department of Energy has identified space heating,
cooling, and lighting as the most energy consuming operations in a
facility. By increasing building automation systems, greater
sustainability and energy efficiency can be achieved. Major changes
to ductwork sealing practices and expanded ozone-friendly
refrigerants standards are on the horizon in effort to promote climate
change mitigation.
Interconnectivity and IoT
Remote and centralized access to real-time data reduces costs, aids
risk management, and improves user experience throughout a
facility. Sensors can report information across buildings instantly to
prioritize or trigger system responses. The smarter the facility, the
faster decisions about how a space is used can be executed,
leading to increased productivity and efficiency.
Safety and Security
A modern building’s design should be influenced by the perceived
threats it may be faced with in the form of potential natural disasters,
accidents, or attacks. Building materials need to be chosen based
on their ability to minimize damage or the harm done to occupants.
Maximum transparency and vision can still be maintained while
implementing resistance to these dangers.
Adaptability and Reconfiguration
The ability to easily recompose spaces is a must as construction
and retrofitting requirements become more frequent to keep up with
technology and today’s increasing environmental demands. Aspects
such as air ventilation, circadian-rhythm sensitive lighting, sound
pressure levels, spatial quality, social and organizational experience,
all have ramifications on a facility’s usability and the company’s
bottom line.
Lecture 3: Lease Management
Topics
Turnover Rents
Content
-
74% of retail and leisure landlords see rent negotiations as
a short term solution of fewer than 2 years
Expect turnover-based rents or a rebasing of rents to
become more apparent, particularly in poorer trading
locations
Leasing Strategies
to improve
financial stability
Cash Reimbursement
- Equipment and soft costs purchased within the last 6-12
months can be monetized to provide short-term budget
relief through a cash reimbursement.
- Benefits to firms: improve ST liquidity, spread cost of asset
over its useful life, diversify funding sources
Flexible Payments
- Work with tenants to customize a payment structure aligned
to their needs
- A deferred payment option, for example, allows you to
implement new equipment or projects immediately,
generate revenue from those investments, and pay later.
Government
intervention to
provide rental
support
Rental rebates
- Small and medium-sized enterprises as well as non-profit
organisations who are tenants in privately owned
commercial properties can expect to get a direct,
half-month rental relief cash payouts directly from the
Inland Revenue Authority of Singapore (Iras)
Rental Waivers
- One-month rental waivers to SMEs and NPOs which are
tenants of government-owned commercial properties
- This encourages them to innovate and continue their
business
Subletting and
splitting rents
-
Subdivide space to other users, but subletting trait remains
Split rent of the space accordingly
Lecture 4: Space Planning & Management
Topics
Office Space
Planning &
Management after
Covid-19
Content
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-
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-
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Smarten Space
(Covid
Management for IT
Services)
-
Remote work has become a staple:
- Companies are adopting flexible space
management strategies such as activity-based
working, hot-desking and office hoteling
Needs to limit office density:
- Visitor management systems, required
employees to pre-register prior coming to office
- Enabling wellness checks while limiting capacity
Primary reason why employees wanted to come back to
the workplace was to collaborate and socialise with
others
- Rather than traditional office designs with assigned
seats, they are incorporating more conference
rooms and huddle areas in their layouts
The amount of office space per employee has been
shrinking over the past decade, from an average of 225
square feet in 2010 to just 151 square feet in 2017
Satellite offices are becoming more popular
- Pandemic has caused many employes to rethink
long daily commutes
- To reduce office density at company HQ and give
everyone more options to collaborate, many
organisations are leasing smaller offices spaces in
the suburbs
Put Parameters on workspaces
- if the hotel desks on the fourth floor are off limits to
anyone other than the sales team, Sales is less
likely to spread out across the entire building.
Likewise, the second floor might only be for
Marketing, because the amenities on that floor are
conducive to graphic design, print, and copywriting
teams.
- This type of space-specific control ensures
workplaces are available for those who need them,
where and when they need them. It can avoid
overcrowding in certain areas or bottlenecks for
specific workspace types.
- Adding biophilic elements
- Incorporating biophilic elements into workspaces.
Adding elements of nature to the workplace is
called “biophilia.” Supporters of biophilia claim that
workplace designs featuring biophilia mimicking
natural systems tend to decrease work-related
stress, hasten recovery of bad health, and enhance
creativity. This can benefit an organization by
reducing the number of sick days employees take.
The solution to helping companies get back to work and
employees comfortable with the new workplace
Through a fusion of technology, workplace and workforce,
businesses can ensure workplace compliance, business
continuity through workforce rostering, allocation, space
-
-
management, desk management.
Employees can book desks with social distancing
implemented, leverage on contactless processes, complete
health declarations, input temperatures, and book
collaborative spaces using maps, beacons and QR codes –
all through a single Digital Workplace app.
It also automates safe management processes and space
optimisation with AI-based recommendations for seating
and occupancy monitoring and sanitisation status at the
back end.
Commercial Space
Planning Strategies
-
Separate different uses into different levels
Incorporate portable workstations and booths
Showcase unique features in the building
introduce experimental shopping/features
Integration of
physical and online
platform: BOPIS
(Buy-Online-Pick-u
p-In-Store)
-
Due to COVID-19, stores have to limit the number of
customers entering their units.
To facilitate more sales and business, stores moved to
smaller shops to carry out their business
They set up online shops for customers to shop and
self-collect at the physical store
This minimises the need for them to patronise the physical
store which may result in long-waiting queue and time limit
for shopping duration which can jeopardise their shopping
experience.
This allow the landlord to rent the space to more
like-minded tenants
For example: Metro partnered with LazMall (Lazada) to
feature its products, and allows customers to self-collect to
check their products first-hand/ pick delivery. We can also
see more Metro outlets closing down, with only 2 left now.
While there is no confirmation on the relation to its
transition online, there is certainly an indirect link, since
more customers will choose to patronise their stores online
at their convenience.
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Placement of retail
stores
-
Place anchor tenants and popular outlets at the top floor.
Increases retail traffic in the mall
Can also have flagship stores to invite more customers
Efficient space
utilisation
-
Corners of malls are often empty, “wasted” spaces that can
be put to good use, or wide malls / behind escalators
Employ purpose to low-utilising spaces in malls
Example: Switch booth at Northpoint city (reports shown
that users think it is productive and cheap) in corners and
wide walkways of malls. Students and workers enjoy these
working pods as it is convenient and cheap
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Churn during
COVID
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Commercial strategies to reduce churn (retail)
Reach its most valuable customers at the right time, with
the right message and over the optimal channel to initiate
re-engagement with the brand
Ensure best customers remain engaged with the brand
throughout the crisis, maintaining an authentic brand
connection until physical stores are ready to reopen
Provide special attention to those customers who
previously shopped mostly or only in physical
stores—educating them about online shopping and
motivating them to try it
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Lecture 5: Maintenance Management
Topic
Content
Maintenance
Management
Technology (IoT)
Centralised Software
- Creates 1 source for all the information you need and
organise it for easier access
- managing the operations of a large company or factory
can be challenging for one person to handle. Even a
skilled maintenance manager may find it difficult to keep
up with the different operational branches
CMMS
- A CMMS is a software solution that centralizes
maintenance information, facilitates processes, and
automates some tasks to improve efficiency.
- Computerized maintenance management system
software optimizes the use, availability, and life span of
equipment, machinery, fleets, infrastructures, facilities, or
operations.
- It has made preventive maintenance easier to track
- Allows organisations to perform maintenance in a more
timely manner
Future of preventive maintenance is predictive maintenance
- Instead of receiving a reminder a few hours prior, your
maintenance system will give you a notification well
before any signs of degradation, forecasting that a
particular component will begin malfunctioning.
- If a required part needs to be ordered, your company will
have ample time to do so.
- Even better, you won’t need to ambush your finance team
with a last-minute request that will disrupt their budgeting
Self-repairing machinery
- After predicting upcoming repairs, your equipment will be
able to resolve faults by itself using embedded materials.
Preventive
Maintenance
-
Key to avoid emergency maintenance situation
performing regular business and equipment inspections,
cleaning and lubricating essential equipment, and tidying
your business's grounds
Building Information
Modelling (BIM)
-
A digital representation of physical and functional
characteristics of a facility
With BIM modelling that integrates real-time data, FM
-
(preventive
maintenance)
Corrective
Maintenance
professionals are able to plan smartly for building
systems that require preventive maintenance, and
understand the real-time health conditions of the
operations systems
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Predictive
Maintenance
-
Maintenance
Programme
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Possible causes of
building collapse
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Companies need to provide training and education to
maintenance technicians and supervisors about what
types of things to look for while they are providing
preventive or emergency maintenance services.
Create a maintenance checklist of components that
technicians can visually check quickly. You want your
maintenance staff to catch as many problems as
possible, as early as possible.
Predicts when equipment is going to break down
Increases the liability of assets
E.g. knowing that certain parts and lights are old, thus
changing them.
Can be conducted in the form of machine learning: AI
technology predicts when it will break down
Reduces capital repairs and unscheduled shutdowns and
repairs
Reduces life cycle cost savings
Transitioning from a reactive to a proactive approach
Dedicated maintenance plans for special buildings such
as historical buildings operations and maintenance
structural failure
IF by the beach: saltwater corrosion, rust, geology of
location (sandy soil, creating a bottomless pit)
Lack of regular maintenance
Shoddy workmanship
Authorities did not reinforce and conduct regular checks
Miscommunication with users of the building: “do not
worry, there is nothing wrong with the building”
Bad design
Faulty construction
Foundation failure
Lecture 6: Fire Safety Management
Fire Safety
Management
Programme
-
Training has the most important bearing on the safe
evacuation of occupants
In COVID times: “the new normal of fire safety training”: .
Now that we have been living with COVID-19 for almost 9
months, the commitment to training staff on fire protection
shifts focus to the future.
Fire Escape
emergency plan
Changes of plans due to COVID-19
Evacuation plans may have been altered: further understanding
the risk to residents of premises who may need to be ‘shielded’
from exposure to external personnel such as firefighters but who
are in a potential emergency situation
Fire alarms and smoke control systems and sprinklers
must be maintained in good working order and normal
testing regimes remain with the addition of the correct
observation of social distancing. Earlier in the lockdown
period, there were reports of safety-related contractors
refusing to go on-site due to increased risks from
COVID-19 In any event, there are protocols in place which
can protect safety systems in the absence of contractors
and some maintenance safety schedules may be safely
extended with the consultation and support of a qualified
fire safety system engineer
Any building that is being used for a different purpose for
which it was intended has been the subject of official
guidance to ensure the safety of occupants. An
appropriate Fire Risk Assessment is carried out by a
designated competent person and the application of Fire
Safety Guidance appropriate to the new situation is
implemented and applied. All aspects are reviewed
including emergency exit provision, the suitability and
safety of fire alarms and relevant staff training. Temporary
staff and volunteers are included in the new procedures
and given any training
A hospital evacuation plan: the less vulnerable ambulatory
patients are evacuated first, followed by patients in critical
conditions or with special constraints like infectious
COVID patients. Another strategy, which requires prior
coordination and preparation, is to establish a
COVID-dedicated evacuation route so that COVID
patients can be evacuated separately but simultaneously
with other patients. While safe evacuation of highly
infectious patients is complicated as it may expose other
patients and hospital staff to infection, a shelter-in-place
decision also needs additional considerations for the
evaluation of availability of resources and equipment for
COVID-19 patients (e.g., ventilators) and hospital staff
(e.g., PPE). Healthcare facilities need to ensure that they
can maintain or procure supplies during the indeterminate
shelter-in-place time, which can last from hours to days
Clinical staff of all grades should receive
multidisciplinary training in their place of work as part of
annual mandatory training, covering the management of a
fire and evacuation of their work area. Nominated clinical
staff should be trained to select and use fire extinguishers.
2.
Designing new and refurbished ICUs and
operating theatres is an opportunity to incorporate
mandatory fire safety features. New strategies covered in
these guidelines include modern sprinkler systems,
emergency low level lighting and oxygen pipelines
designed so that the oxygen supply to an ICU area
affected by a fire to be cut off without interrupting the
oxygen supply to the whole ICU.
3. Laminated fire and emergency evacuation action cards,
specific for that clinical area, should be placed next to all manual
fire call points so that they can be followed in the event of a fire or
if an emergency evacuation is required for another reason.
4. Oxygen cylinders should be stored, handled and used
according to the gas supplier's instructions, using the
correct sequence of actions when administering oxygen
and using an oxygen cylinder bed bracket at all times.
5. Major incident planning should include plans for internal
incidents, where the staff themselves are victims and
unable to work and where ICU and theatre suites become
unusable for patient care. All staff involved in a fire or
similar emergency should be supported following the
event and assessed by their occupational health team
before restarting work.
Possible Topics
-
Tuas Warehouse fire and how it could have been
prevented
What can be done in COVID times such as a fire outbreak
in a hospital?
Fire outbreak in office
Lecture 7: Building Maintenance & Strata Management
Application of the rules to real life
examples
-
Role of strata title boards:
Possible questions
-
Which rules did the case study
break?
Lecture 8: Asset Enhancement Initiatives
Topic
Refurbishment
Content
-
Improvement by cleaning, decorating, re-equipping and
may or may not include retrofitting
Includes renovation: upgrading a building to an improved
condition but does not change the layout and structure of
the building
Refurbishment during COVID/how can refurbishment be
done during COVID: establish a centralised system to
consolidate renovation plans
Retrofitting
-
Considering enough space to include covid restrictions
like:
• Bespoke signage indicating social distancing and other
health and safety measures
• Workstations spaced two metres apart and without
users facing each other
• Improved air filtration and circulation
• Added hand-washing stations
• Screens and dividers between workspace
• Anti-microbial surfaces and materials
• Occupancy sensors and live reporting
Why do people want to refurbish during COVID:
- This is an opportunity to input this money back into
your business by updating the office. Not only will
an office renovation improve workflow, productivity
and morale within the office, it will also further
increase the business’ credibility & professional
reputation to new and potential customers.
- post-pandemic office designs should guard against
placing an over-emphasis on collaboration.
- https://officeprinciples.com/businesses-refurbishin
g-offices-relocating/
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Providing or adding a component or feature that was not
fitted during manufacture or not included when first
constructed
Retrofitting diminishes the weakness of harm of an
existing design during a not-so-distant future seismic
movement.
With every passing year, more people are becoming wary
of the many pitfalls of climate change. They now realize
that everyone must play their part in keeping our planet
green and clean.
That’s why occupants are willing to pay more for
energy-efficient, smart buildings that leverage
technology to reduce their carbon footprint. According to a
Johnson Controls survey, 70% tenants believe that the
ability to smartly predict and solve problems is a
“game-changer” technology.
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Redevelopment
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Replace existing buildings with new structures that are
more intensive in terms of size, scale and quality
AEI
-
Types of works carried out on a property to keep it up to
date with modern designs, or to configure it for other types
of uses based on the owner’s objectives
https://sbr.com.sg/commercial-property/news/asset-enhan
cements-continue-make-uol-attractive-investors-analysts
“Given its solid financial position, UOL was able to initiate
on two major rejuvenation projects. The first entails the
development of a new standalone seven-storey building
which would be an extension to its Odeon Towers Building
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and will comprise office and retail space. Secondly, UOL
has obtained URA’s in-principle approval under the
Strategic Development Initiative Scheme to redevelop its
Faber House property into a 250-key hotel,” the
investment research arm of OCBC Bank said.
These projects could potentially lead to higher gross fixed
assets for UOL. The property firm may also benefit from a
decline in development charge rates in the Hotel and
Commercial categories over the past year.
Lecture 9: Risk Management
Topic
Business continuity
management
Content
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Crisis
Role of facility
management in
ensuring business
continuity
-
In times of COVID:
Companies should:
Evaluate short-term liquidity. Companies will want to instil
short-term cash flow monitoring discipline that allows
them to predict cash flow pressures and intervene in a
timely manner. They’ll also want to maintain strict
discipline on working capital, particularly around collecting
receivables and managing inventory build-up. Additionally,
it’s important to be creative and proactively intervene to
lighten the working capital cycle. Throughout the crisis,
companies will want to maintain regular contact with
suppliers to identify any potential risks.
Assess financial and operational risks and respond
quickly. Companies will need to monitor direct cost
escalations and their impact on overall product margins,
intervening and renegotiating, where necessary.
Companies that are slow to react or unable to renegotiate
new terms and conditions may be vulnerable to financial
stress that could carry long-term implications.
Earthquake resistant buildings to combat earthquakes
Seawall to prevent impact of tsunami
Accurate floor plans and building data are crucial elements of
business continuity planning. This information must be shared
with local emergency personnel so they know how (and where) to
access your building during a crisis. The good news is that a data
collection service and location-based space and asset mapping
software work in tandem to deliver the following.
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●
Verify, update, and digitize your existing facility floor plans
or recreate if none are available
Collect room names, room numbers, room types, floor
types, number of exterior doors per room, and square
●
●
●
footage
Locate all electrical, plumbing, mechanical, and fire and
life safety equipment within a room
Record asset make, model, manufacturer, and serial
number
Associate pertinent information to a single asset such as
emergency shutdown procedures and O&M manuals
A data collection provider will expedite the implementation
process by using cutting-edge technology to ensure accuracy
and efficiency. The final deliverable is up-to-date floor plans, a
cloud-based record of assets and an electronic documentation
repository for O&M manuals, vendor information, and historical
work orders.
- A business continuity plan is never finished and change
and adapt as the business grows.
Security
management
-
There is a perceived decrease in security after the
pandemic.
Ensure that all remote access capabilities are tested and
secure and endpoints used by workers are patched
Ensure security monitoring capabilities are tuned to have
visibility of the expanded operating environment
Engage with security services vendors to evaluate
impacts to the security supply chain
Increased CCTVs, security patrols
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