Decision Making For Facilities Management

A Comprehensive Guide to Evaluating Options with Financial and Non-Financial Acumen

What you'll learn

Equip participants with essential knowledge and skills for effective decision-making in FM.

Understanding the decision-making process.

Balancing non-financial and financial considerations in evaluation.

Applying a systematic approach to select optimal choices that align with objectives and enhance workplace productivity and quality while minimizing risks.

Requirements

Participants preferably be from Facilities Management or a related industry. This ensure that participants can relate the course content to real-world scenarios.

A genuine interest in decision-making processes and their application to Facilities Management

Particularly beneficial for individuals in managerial or leadership roles within the FM field.

Description

In today's dynamic and competitive business environment, Facilities Managers play a crucial role in enhancing workplace efficiency, productivity, and quality. This course is meticulously crafted to empower FM professionals, managers, and leaders with the essential skills needed to make strategic decisions that align with organizational objectives.Key Learning Objectives:Master the Decision-Making Process:Gain a deep understanding of the decision-making process tailored to the unique challenges of Facilities Management.Balancing Financial and Non-Financial Considerations:Explore a holistic approach to decision-making by learning how to assess options with both financial and non-financial acumen.Strategic Insights for Facilities Management:Develop strategic thinking skills specific to the FM field, enabling you to make decisions that contribute to the overall success of your organization.Optimal Solutions for Facilities Challenges:Learn how to identify and select optimal solutions for a variety of facilities problems, ensuring efficient and effective operations.Importance of Decision-Making for FM Managers and Leaders:The ability to make sound and timely decisions is highlighted as a key differentiator between leaders and non-leaders in the FM field.Competent decision-makers are sought after to provide a competitive advantage to organizations, especially in today's volatile, uncertain, complex, and ambiguous business environment.This course aims to empower FM professionals with the skills and knowledge necessary for effective decision-making, positioning them as valuable leaders who can contribute to the success of their organizations in a challenging business environment.

Overview

Section 1: Introduction

Lecture 1 Welcome & Course Introduction

Section 2: Introduction

Lecture 2 Decision Making in FM

Lecture 3 What is Decision Making?

Lecture 4 Decision Making Process.

Section 3: Options Evaluation

Lecture 5 Introduction to Options Evaluation

Lecture 6 Value-Effort Matrix

Lecture 7 Scoring Methodologies

Lecture 8 Opportunities Ranking Matrix

Lecture 9 Total Cost Analysis

Lecture 10 Life Cycle Costing.

Section 4: Decision Justification

Lecture 11 Introduction to Decision Justification

Lecture 12 Payback Period

Lecture 13 Return on Investment

Lecture 14 Net Present Value

Lecture 15 Benefit to Cost Ratio

Lecture 16 Guidelines for preparing a proposal.

Section 5: Assessment

Facilities Leaders: leadership positions within the Facilities Management department or related areas.,FM Practitioners: involved in decision-making regarding facilities improvement initiatives and projects.,Professionals in Related Fields: working in fields closely related to Facilities Management who want to enhance their decision-making skills in the context of facilities.