I have a small Q.What is the difference between Asset Mangement and Facilities Management?
Asset Management is the process by which an owner maximizes the value of a property or portfolio of properties from acquisition to disposition within the objectives defined by the owner. Asset management utilizes strategic planning practices including investment analysis, operation analysis and the positioning of a property in the market place in accordance with market trends. where as Facilities Management – assisting people meet their business goals and objectives with a focus on the physical facility Facilities Management is the process of coordinating the physical workplace with the people and the work of an organization. The primary function of facilities management is to plan, establish and maintain a work environment that effectively supports the goals and objectives of the tenant organization.
