The Value Proposition of IWMS - AssetWorks

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Table of Contents Executive Summary 1 SECTION 1: 2 Purpose SECTION 2: 2 Definitions SECTION 3: 2 IWMS Provides a Systems View of Facilities Management SECTION 4: 3 IWMS Decision-making: The Value Added Crisis management—real time information and knowledge Day to day operations—visibility, transparency and accountability Tactical planning—within the budget year Strategic planning—planning for future budgets SECTION 5: 5 IWMS Dollar Savings/Cost Avoidance SECTION 6: 7 Calculating the Return on Investment SECTION 7: 7 Statewide Return on Investment Calculation (Table) SECTION 8: 7 Conclusion About the Author 8 Copyright © 2012 AssetWorks LLC. All rights reserved. All trademarks, trade names, service marks and logos referenced herein belong to their respective companies. This document is for your informational purposes only. To the extent permitted by applicable law, AssetWorks provides this document “As Is” without warranty of any kind, including, without limitation, any implied warranties of merchantability or fitness for a particular purpose, or non-infringement. In no event will AssetWorks be liable for any loss or damage, direct or indirect, from the use of this document, including, without limitation, lost profits, business interruption, goodwill or lost data, even if AssetWorks is expressly advised of such damages.
Executive Summary Challenge Between 2000 and 2005, one US state witnessed dramatic increases in energy costs, escalating real estate costs, and growing deferred maintenance backlogs. Real estate portfolio costs were growing unabated, with the state facing a $1 billion shortfall and no free cash reserves to address the problem. To address the shortfall, the state implemented a four-step program that leveraged technology control costs and document processes with the goal of saving the state over $30 million annually. Opportunity What was needed was “ERP for Facilities,” but in 2005, no such system existed. The state attempted a patchwork quilt of multiple niche systems and databases using an “IT integrator.” In one sense, this solution was visionary in that it managed a portfolio of facilities and real estate globally from a Total Cost of Ownership (TCO) perspective, but it was limited by software integration issues and vendor infighting over who actually “owned” the data. Benefits By implementing an IWMS, the state was able to provide executives, managers and field workers with the right information at the right time to make informed business decisions about space, energy, operations, construction and capital costs. The state also enjoyed ancillary benefits derived from vendor consolidation, maintenance cost reductions, and improved business processes. WHITE PAPER: THE VALUE PROPOSITION OF IWMS 1
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The Value Proposition of IWMS - AssetWorks

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