Integrated Workplace Management Systems (IWMS) address many of the same issues as Enterprise Asset Management (EAM) software products. In addition, IWMS adds functionality for space occupancy and CRE/Leasing. However, IWMS products are more generic and may not have the Best of Breed feature sets for each functionality. Our product, Transcendent, is an EAM with best-in-class mobility technology. This article by our very special guest author Steve Hanks helps illustrate the potential savings that an IWMS or EAM can generate while helping your organization achieve its goals of going green.
The following article is a guest post from Steven Hanks of IWMSNEWS.
The Green Building movement is gaining momentum. In fact, it is top priority for many Facility and Real Estate Managers. Although a green image is something honorable for most managers, the vast majority are interested in cost reductions as these directly impact the bottom-line.
Green Strategies have existed for more than three decades now, however, until recently being green was pretty much the domain of intellectuals and ideologists. Some even disputed and neglected the human impact on global warming.
The End of Denial
Although most of us knew we were squandering our blue planet, we did nothing. In 2006 the denial came to an end. An Inconvenient Truth by Al Gore was the sledgehammer that demolished and tore down the wall of denial. We can no longer deny our immense impact on our planet.
“After a century of isolating the product or service from its resulting impact, the tide is turning. We are making consequence visible. We will witness the first generation who can truly know the impact of everything they do on the ecological support systems that surround them.”
Source: Saul Griffith
As the number of “green studies” exponentially increase, more valuable information will become available to Facility and Real Estate Managers. One of those studies by the U.S. Green Building Council (USGBC), reported that buildings in the United States are responsible for nearly 40 percent of CO2 emissions, 40 percent of energy consumption and 13 percent of the nation’s water consumption.
From a green perspective, buildings have a huge potential for CO2 reduction. However having a huge potential for CO2 reduction does not implicate that the CO2 reduction will be actually realized.
The reason for this is quite simple. Innovation projects, including green initiatives will be sacrificed first when organizations hit a financial storm. If the innovation can’t produce positive a Return On Investment (ROI) figures, most CFO’s pull the plug rather sooner than later.
Integration with IWMS
The only way to successfully integrate sustainable strategies in any organization is to link it to the primary process of an organization. If you succeed in connecting sustainability with bottom-line result, your strategies will be sustainable themselves.
As stated above, sustainable strategies have existed for over thirty years now. However, until some clever minds figured out how to make money from it, being green was pretty much the domain of intellectuals and ideologists.
And this is exactly where IWMS can play an important role. IWMS’s can indicate cost saving potential throughout the entire Real Estate Portfolio. By means of Management Dashboards IWMS’s can provide valuable insights that empower Facility and Real Estate Managers to materialize their cost reduction potential which also has a very positive impact on corporate sustainability.
For example, suppose that your organization can reduce the number of underutilized sq. ft by 15%. Imagine the positive impact on:
- Cleaning Costs
- Chemical Cleaning Materials
- Energy Consumption
- CO2 Emission (Gas usage)
The possibilities are endless as long as you link your sustainable strategy to your primary process, which is making money. Without this link, sustainable strategies are not sustainable themselves, and considered to be nothing more than a hype.
To read more of Steve Hanks articles please visit iwmsnews.
For a better understanding of the relationship between EAM and IWMS read How Acronyms Can Be Confusing.