by Brianna Crandall — September 15, 2014—The not-for-profit Open Standards Consortium for Real Estate (OSCRE) organization and FM BENCHMARKING have just announced that the global online FM BENCHMARKING tool for facilities managers and corporate real estate professionals aligns with OSCRE’s Space Management and Occupancy Cost standards, including the major categories of Facilities Management (FM) expenses. This alignment means that members, subscribers and partners of the respective organizations will be able to compare FM costs with common definitions and cost breakdowns.
The alignment encompasses critical components of managing space and expenses including utilities costs and consumption, maintenance, cleaning, security, waste and recycling, grounds, parking and paving. This tool includes high-level expense roll-ups as well as a detailed approach for flexibility in data analysis. Facilities managers benefit by being able to track, report and compare key performance metrics from operating costs and space utilization to functional type and staffing levels.
By deploying standards, variability is reduced and accuracy and comparability are improved. “FM BENCHMARKING’s alignment with OSCRE Standards is an important step in addressing the challenges faced by organizations in managing big data, building better business analytics, and improving benchmarking systems,” stated Lisa Stanley, CEO of OSCRE International.
“This agreement resolves a significant problem for facility managers. Most benchmarking systems do not contain sufficient data to make valid comparisons with peer buildings because the systems do not utilize a common data set. FM BENCHMARKING’s implementation of this common data set approach based on OSCRE Standards addresses this critical area to improve the scale, scope and quality of benchmarking,” said Keith McClanahan, Principal, FM BENCHMARKING.
OSCRE is a member-based organization focused on the collaborative development and implementation of global standards for real estate information exchange. FM BENCHMARKING is a global online benchmarking tool for facilities managers and corporate real estate professionals.
Open Standards Consortium for Real Estate (OSCRE) International is a membership-based, not-for-profit consortium committed to the collaborative development and implementation of global data standards for real estate information exchange. OSCRE Standards enable people and organizations within the real estate industry to meet the challenges of collecting and managing data, reducing costs, enhancing revenue and improving organizational performance.
FM BENCHMARKING offers a range of products that benchmark facilities worldwide, automatically converting building metrics and currencies to the units of choice for users, regardless of location. Savings can be achieved through a comprehensive set of filters enabling precise comparisons between similar buildings and the benchmarking of best practices. The platform enables FMs to compare and analyze core data from similar buildings to improve performance.
See also the FM BENCHMARKING ad on FMLink.
