Transcription of Asset vs. Facility Management Spot the Difference
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Asset vs. Facility Management Spot the Difference
1 | P a g e Asset vs. Facility Management Spot the Difference Comparative Analysis of Professional Identity and Functions Deyan Kavrakov FRICS, CIPS 2015 Asset Management has many roles and faces today. In modern business world, some are fascinated by its proliferation and complexity, similar to the admiration of a multitalented artist, who is all-in-one screenwriter, director and producer of the latest blockbuster. There are also others who view modern Asset Management as the mythical Hydra that has spread all over and hijacked various Management disciplines. Then, there are the Users and Clients who are .. puzzled. The evolution of Asset Management (AM), Facility Management (FM) and Property Management (PM) throughout the past three decades has led to significant convergence and integration of their professional functions and business concepts.
5 | P a g e There is a field of AM, which is identical with Strategic Property Management (PM), similar to Corporate Real Estate Management and to Strategic FM.
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