Building a business case on IWMS

To get your funding request approved for an IWMS solution, you need a good business case. You must convince your management that your project will result in compelling financial returns. The bottom line: does the initiative increase revenue, reduce costs or solve business challenges?

A good IWMS business case should include one or more specific business challenges, like backlog in work order management or cycle time for store development. Your business case should provide solutions to your challenges, along with the benefits, costs and risks.

Building a business case for IWMS has a goal to prove in the return on investment. A true IWMS consolidates real estate, facilities, operations and project management processes onto a single platform for measureable results that improve bottom line results. Here are 6 goals for any business case for IWMS:

  1. Improve conventional business processes focusing on best management practices
  2. Build steady long-term technology business partner relationships
  3. Merge heterogeneous facilities management software packages
  4. Integrate with the existing ERP solution
  5. Provide management information that complies with the needs of all stakeholders
  6. Meet current needs while allowing for future growth

“Nothing supports properties and facilities management like IWMS.”

A compelling business case offers a value proposition of your organization’s strategy and complements your business goals. When you develop your business case, consider that most IWMS solutions can be implemented in phases. As such, provide a range of high, medium and low investment alternatives with their associated returns when you go for executive approval.

Here is the list of 5 standard benefits of IWMS:

  1. Improve corporate sustainability
  2. Increase customer satisfaction
  3. Increase employee satisfaction
  4. Achieve compliance with less risk
  5. Better control

Start by aligning your project vision with your business goals. Budget allocations depend on internal support, so pre-sell your plan to your colleagues and learn from their feedback.

A good business write-up for IWMS covers measureable cost savings, increased productivity, and improved work efficiencies used to calculate a return on investment.

Out of the various methods available for analysis, Return on Investment and Cost/Benefit Analysis are the most commonly used tools.

Formulas:

To summarize, design your business case to be comprehensive and easy to read. The primary purpose of a business case is to communicate using terms that your target audience can understand.  With multiple, successful implementations, ValuD’s team of IBM TRIRIGA experts understand the challenges and will assist you through the process. Reach out to us at sales@valudconsulting.com for more information.

Condition-based maintenance with TRIRIGA

Condition Based Maintenance is frequently used to prevent industrial asset failures. The program assumes that equipment shows early warning signs, if we are paying attention, prior to developing a fault. The same applies to buildings / facilities.

Applying condition based maintenance with IBM TRIRIGA helps to assess a facility or an asset’s performance, capture its life-cycle costs, and to identify necessary repairs and replacements. An integrated set of performance metrics of a facility’s condition is needed to predict when to repurpose, or renovate structures. Building operations and maintenance managers are primarily responsible for assessing the condition of building components like roofs, air conditioning, walls, electrical, and communications. Forecasting facility conditions and predicting repairs before failure occurs, results in cost reduction. IBM TRIRIGA automates demand and preventive maintenance services to reduce the cost of maintenance operations.

TRIRIGA’s facilities and operations manager is an intense CMMS that enables organizations to manage their building assets and facilities over their life-cycle in order to reduce maintenance expenses. It provides condition-based facility assessments that help you to prioritize the areas for capital improvement and assists you in extending the life of your facilities and facility assets.

Condition-based maintenance features of IBM TRIRIGA:

  • Improves the value and environmental performance of facility assets through the capture and classification of facility, building system and asset deficiencies.
    • Provides automated alerts that identify critical equipment maintenance requirements from sensor-level data.
    • Provides real-time alerts for sub-optimal conditions occurring in a building, including conditions such as simultaneous heating and cooling, equipment not on automated schedules, and steam leaks.
  • Evaluates the required investment, energy and operating cost savings, and return on investment of each opportunity.
    • Provides pre-built performance metrics such as preventive maintenance to repair maintenance cost ratio and service response rate to improve the efficiency and effectiveness of maintenance staff and service providers.
    • Provides facility assessment to determine the condition and replacement cost of critical facility assets and calculate facility condition Index (FCI) rating.
  • Automates the generation of work requests and capital projects to manage the remediation of deficiencies or implementation of environmental opportunities.
    • Routes auto-generated work orders to appropriate personnel and service providers as needed for condition-based maintenance.

In a nutshell, IBM TRIRIGA’s condition-based maintenance tools identify building issues before they escalate and require more expensive repairs. It delivers value to facilities / maintenance managers through identifying possible issues before they have a chance to develop into a serious problem.

To learn more on how ValuD can help you with corrective, preventive and condition-based maintenance through IBM TRIRIGA, contact our TRIRIGA experts at sales@valudconsulting.com.

Meet ValuD at IBM Interconnect 2017 [Infographic]

IBM Interconnect is here and we can’t wait to meet you at Booth #989 in the IoT/Watson section. Get first-hand information from the horse’s mouth as ValuD’s customers’ Umpqua Bank and UTAH Department of Natural Resources share their experience of working with us. That’s not all as ValuD’s Jeff Schick joins IBM’s Stan Tims, Erin Horbach and Paul Lacey to discuss the evolution of the real estate and facilities management industry. Hear them speak about the latest trends and technologies that have had a positive impact on the industry and what the future has in store!

Visit the IBM InterConnect 2017 website for more information.

IBM TRIRIGA: Leader in IWMS

This infographic highlights how IWMS can help with your business and also enumerates the benefits of IBM TRIRIGA, the leader in the IWMS industry today.

Did you know that 90% of all companies rely on point solutions to manage their asset portfolio?

The downside of this is unfortunately the lack of transactional transparency. With Real Estate becoming the third most valuable or expensive single asset in the balance sheet, Integrated Workplace Management Systems (IWMS) is the need of the hour. By providing a single source of information for your asset portfolio, it can help your business achieve all your financial, operational and environmental goals.

So where does IBM TRIRIGA fit in? With 750+ companies using IBM TRIRIGA worldwide (out of which 119 added in just the last 12 months!), it goes without saying that IBM TRIRIGA is the undisputed leader in the IWMS market today. This fact has been reiterated by research company Gartner in its popular magic quadrant, in which IBM TRIRIGA has yet again been positioned as a “Leader” for the year 2014. As the infographic points out, IBM TRIRIGA has been overpowering competition even from bigger players like Oracle and SAP while, at the same time, successfully resisting the challenges posed by niche players like Manhatten Software and Accruent.

The infographic then goes on to highlight the key value propositions that you can derive from IBM TRIRIGA such as informed business decisions, increased project ROI, lower facilities operating and managing costs, improved facility utilization and so on. On a concluding note, the infographic showcases the key areas which are the focus points of the IBM TRIRIGA IWMS solution.

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