The Leader - November/December 2008 - (Page 31)

OKLAHOMA CITY’S GREATEST correlate risk and redundancy for key systems, identify the existing gap, and understand the cost implications of addressing that gap. Recognizing that top management support was a key component in making corporate real estate a strategic function within the organization, the organization’s management formed a Strategic Asset Management Steering Committee as part of this initiative. The steering committee helped ensure that the implementation stayed aligned with the organization’s strategic direction, kept the project timeline on track to support budget development for the next ﬁscal year, and prioritized the condition of facilities as a business strategic requirement for each region. The cost and timelines associated with each requirement within VFA.facility became the default capital budget for each region, ensuring their ownership of the data on an ongoing basis. NATURAL RESOURCE ISN’T OIL OR GAS. An Evolving Long-Term Planning Process The evolution in facility management strategy and practice reﬂects the need to align corporate business objectives with corporate real estate management. Given the substantial, ongoing impact on balance sheets and incomes statements, organizations are challenged to go beyond the near-term budget focus and develop long-term plans. In order to reach this objective, organizations need to apply disciplined practices, processes, management tools and technologies that enable a stronger relationship between corporate strategy and the organization’s facilities and help to determine whether the condition and content of real estate portfolios support the organizational mission. From there, organizations must deﬁne the commitment to the facility management budget in relation to strategic goals, drive that into a program plan for budgeting and contracting purposes, and, ﬁnally, manage the implementation to maintain alignment over time. The Greater OKC Partnership would like to introduce you to the people of our region. Highly qualiﬁed, entrepreneurial, hardworking, communityminded. We know the cornerstone of your company’s success is your people. That’s why we have in place an unmatched array of resources to assist you in learning about ours. To learn more about the beneﬁts of tapping into our greatest resource, not to mention our booming business environment and relaxed, affordable lifestyle, contact Robin Roberts Krieger, Executive Vice President of Economic Development at 405.297.8954 or via e-mail at rroberts@okcchamber.com. About the Author Jim Blaschke is Vice President for Corporate and International Clients at VFA, Inc., a provider of solutions for facilities capital management. In addition to managing the development and delivery of capital planning solutions to corporate customers, he serves as head of the Strategic Asset Management Steering Committee for a multinational corporation. For more information on this topic, go to CoreNet Global’s Knowledge Center Online. Pharmaceuticals - FM: Interact www2.corenetglobal.org/dotCMS/ kcoAsset?assetInode=1812626 Facility Management and Life-Cycle Design www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=2961415 http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=1812626 http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=1812626 http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=2961415

Table of Contents Feed for the Digital Edition of The Leader - November/December 2008

The Leader - November/December 2008 Leadership Contents Message from the CEO Real Estate in the News Leveraging Business Geography My Work @ Bank of America Blending the Old with the New A Tool for Growth Creating Real Estate Value Nokia-Siemens Networks’ Peter Doran DTZ’s James Maddock Annual Economic Development Directory The Georgia Report Location Profile: Magdeburg, Germany Linking Corporate Real Estate to the Enterprise 3rd Quarter 2008 Adding Value in Challenging Times Australia and New York Shell’s Paul Huston Economic Development in the News A Look Ahead In our Next Issue Calendar of Seminars Index of Advertisers Chapter Learning: The Global Perspective

The Leader - November/December 2008

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