Cover image for The facility manager's guide to finance and budgeting
The facility manager's guide to finance and budgeting
Cotts, David G.
Personal Author:
Publication Information:
New York : American Management Association, [2004]

Physical Description:
vi, 275 pages : illustrations ; 27 cm
The facility department within the corporate business structure -- Basic financial concepts -- Financial aspects of planning -- Annual budgeting -- Capital budgeting -- Costs and cost controls -- Project accounting -- Financial aspects of development -- Leasing and letting -- Communications and leadership -- Trends in facility management.
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TS155 .C647 2004 Adult Non-Fiction Central Closed Stacks

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Leaky faucets and cracked pavement aren't the only demands on a facility manager's time and energy. These days, they also need top-notch financial skills - to sell their department to senior management, to win funds for crucial projects, to become fully integrated into the organization. Sadly, most facility managers lack even fundamental financial skills. The Facility Manager's Guide to Finance and Budgeting is the first primer designed to teach them the ropes quickly, concisely, and with minimum pain. The book explains how to: * Understand the essential concepts of facility work programs and programmatic planning and budgeting * Develop and manage an annual expense budget, then evaluate the results * Make financially sound "go/no go" decisions on projects requiring capital funding * Pinpoint significant cost-savings and cost-containment areas * Use unit-cost indicators to benchmark facility management initiatives * Create an information system and database that ties directly into the budget. "

Author Notes

David Cotts (Alexandria, VA) worked for twenty-two years with the Army Corps of Engineers, and later managed The World Bank facilities
Edmond P. Rondeau, AIA, IFMA Fellow (Norcross, GA) has worked for a number of corporations where he was responsible for managing facility and real estate services and requirements

Table of Contents

Prefacep. v
Acknowledgmentsp. vi
Chapter 1 The Facility Department Within the Corporate Business Structurep. 1
Chapter 2 Basic Financial Conceptsp. 18
Chapter 3 Financial Aspects of Planningp. 33
Chapter 4 Annual Budgetingp. 57
Chapter 5 Capital Budgetingp. 81
Chapter 6 Costs and Cost Controlsp. 92
Chapter 7 Project Accountingp. 112
Chapter 8 Financial Aspects of Developmentp. 135
Chapter 9 Leasing and Lettingp. 168
Chapter 10 Communications and Leadershipp. 190
Chapter 11 Trends in Facility Managementp. 196
Appendixesp. 209
Glossaryp. 259
Indexp. 267