10 Steps Toward Real Property Stewardship & Life-cycle Management of the Built Environment

10 Steps Toward Real Property Stewardship

Life-cycle Management of the Built Environment

 

Efficient life-cycle management of the built environment requires ALL of the following. As a  Real Property Owner, how do are you doing?

  1. Collaborative, LEAN business practices and construction project delivery methods (Integrated Project Delivery – IPD, Job Order Contracting – JOC, …)
  2. Metrics including Key Performance Indicators (KPIs)
  3. Continuous education and training
  4. Financial transparency
  5. Common terms, definitions, and standard data architectures
  6. Long-term mutually beneficial relationships with service providers
  7. Life-cycle / Total-cost-of-ownership perspective versus first-cost mentality
  8. Best value procurement
  9. Enabling technology that supports processes/workflows
  10. Focus upon Outcomes

10 steps toward real property stewardship