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Successful asset data collection and management programmes in corporate real estate
Corporate Real Estate Journal,
12
(4),
312-322
(2023)
Abstract
The benefits of implementing an asset data collection and management (ADCM) programme for an individual site or portfolio are numerous. ADCM can support capital planning exercises, facility condition indexing (FCI) of a portfolio, operation and maintenance (O&M) procedure development, populating a computerised maintenance management system (CMMS) or environmental, social and governance (ESG) initiatives. The relevance and accuracy of such initiatives are dependent upon the quality of the supporting data. In corporate real estate (CRE), too many organisations struggle to capture the necessary data to successfully implement proactive management strategies, leverage economies of scale and improve reporting to investors and government entities. An organisation cannot capitalise on the benefits of data-driven management platform (CMMS/IWMS) without consistent, reliable and accurate data. This paper explores how quality ADCM can streamline maintenance and capital planning, reduce spending and support business objectives.
Keywords: corporate real estate; asset data collection; asset management; data analytics; capital planning; computerised maintenance management system (CMMS); integrated workplace management system (IWMS)
The full article is available to subscribers to the journal.
Author's Biography
Nathanael Benton PE, CEM is the Managing Director of Mechanical, Electrical, and Plumbing (MEP) Solutions, a part of the Integrated Facilities Solution team, at Partner Engineering & Science, Inc. He has 18 years’ engineering, evaluation and analytic experience with a focus on due diligence consulting and energy efficiency analysis services. Nate has an advanced understanding of building systems as gained through his due diligence consulting experience where he has advised commercial real estate investors, institutional investors, insurance companies and capital market investors on the physical condition and operating performance of MEP systems. His experience also includes seven years specialised in managing impact and process evaluations for numerous utility-sponsored commercial and industrial demand-side management (DSM) and retro-commissioning (RCx) programmes. Nate’s duties consist of technical energy analysis, measurement and verification (M&V), quality assurance, product delivery and client management. He has vast experience identifying energy conservation opportunities in commercial and industrial facilities and quantifying energy savings and return on investment for an expansive range of technologies. Nate also has expertise in DSM programme design, market potential studies, market research and characterisation and the development of technical reference standards for the quantification of energy and demand (kW) impacts.
