Driving the outcome: A Holistic approach to corporate real estate Total Cost of Ownership
A guide for facilities management teams to optimize their organizations Total Cost of Ownership
Total Cost of Ownership is about looking at the big picture, rather than focusing solely on the immediate need of the moment. It is a holistic, strategic approach that looks beyond the actual (direct) cost of purchasing or maintaining facility infrastructure and takes into consideration each of the cumulative (indirect) costs associated with that asset’s lifecycle.
This more comprehensive method requires facilities management teams to make maintenance, workforce, and facilities investment decisions based on the value of their long-term return on investment (ROI), rather than throwing money or valuable resources toward more imminent needs where the payoff is more immediate.
This white paper will give facilities management leaders an understanding of the principles behind the Total Cost of Ownerships, why it matters, and guidance in how to apply those principles to their own organizations.