Content related to ‘Standards’

CRE Industry Consolidation Adds To Information Management Challenges

CRE Industry Consolidation Adds To Information Management Challenges

By Lisa Stanley 2015 has seen significant consolidation in the real estate service provider and software sectors serving the corporate real estate market. CBRE has purchased Johnson Controls, DTZ merged with Cushman & Wakefield, and MRI Software acquired Cougar Software, among others. This industry consolidation is expanding the global footprints of these organizations and with it an increasing need for attention to compliance and regulatory oversight issues. Timeframes for due diligence are also getting shorter in some markets with evaluation and decision making on whether to proceed now required in days and weeks not months. As a result, data integrity is key to these transactions through the due diligence process and beyond. With consolidation comes challenges — additional platforms that don’t communicate with each other for collecting and analyzing data, managers of these platforms who aren’t accustomed to communicating with each other, and an expanded client base that expects a consistently high level of service regardless of the internal issues that accompany consolidation for their vendors and business partners. How can an organization manage the integration of the data effectively with the complexities of regulatory compliance? The first step of the transformational change is acknowledging the difference between information and data. Information is the key — it’s derived from the data collected and drives decision — making at all levels of the organization. An Information Strategy and Roadmap is needed that implements standards as a building block for the framework using the following steps: Incorporate standards requirements into RFPs for systems and services. Use a standards approach as core to systems integration with business partners. Design an information model built upon standards. Develop functional and systems requirements that are built on standards. Integrate corporate data governance procedures into all aspects of the plan. The next step in the change process is to develop a clear value statement for standards that resonates with the C-suite. For some, this approach is a significant shift from one that has been focused on cost rather than value. Improved information quality builds a stronger data governance program, effectively addresses risk management and compliance issues, and improves benchmarking and performance. This value-based approach enables organizations to implement quickly and maintain agility, and makes on-boarding acquisitions faster not just locally, but globally. Consistency and quality of information is integral to the process, starting with implementation of a data dictionary that ensures the use of common terms and definitions within the organization and with external business partners. Think of a data dictionary as a cohesive way to link outsourcing, systems, processes, and… …Read More…

FM Alert: “Facility Smart Grid Information Model” Reaches Key Milestone


A recent public review of the Facility Smart Grid Information Model (FSGIM), is bringing homes, offices, factories, and other buildings significantly closer to becoming full partners in supporting and managing the electric grid.

OSHA Advisory Committee On Construction Safety And Health Seeks Nominations

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OSHA’s Advisory Committee on Construction Safety and Health is accepting nominations for six new members to serve on the 15-member committee.

NIBS Developing New Building Information Modeling Guideline


The National Institute of Building Sciences (NIBS) is kicking off development of a new guideline to help building owners, their design teams, and facility managers use building information modeling (BIM) during the building design, construction, and operations process.

FM Alert: Proposed Facility Smart Grid Model Standard Open for Public Review

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ASHRAE/NEMA Standard 201P, Facility Smart Grid Information Model, would provide a common basis for electrical energy consumers to describe, manage and communicate about electrical energy consumptions and forecasts.