Planning activities rooted in strategy, policy, data and process are likely to yield the best result. Strategy, an action plan, and policy, an action principle, are distinct but relate closely to one another. Strategy and policy are very often conveyed from the highest levels of an organization, whereas data and process reside in the nitty-gritty of daily activities. Both viewpoints should be incorporated if a plan is intended to serve facilities operations and executive functions

Here, a retired Corporate VP of Global Real Estate & Facilities describes the reason for and benefit of developing a “Living Facilities Capital Plan.”

Not so! In business, credibility is actualized in numbers: profits, dollars, uptime, targets, metrics, benchmarks. Like it or not, facilities professionals have a lot to prove. Luckily most have access to heaps of data that can be transformed into meaningful tools for demonstrating value. A great place to apply this information is in the strategic plan. Good metrics translate into innovative strategies.