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Facility Manager Notebook: Your ROI Cheat Sheet

Your ROI cheat sheet!

 

Maintaining the buildings people work in and occupy can be costly, so here’s how to maximize your ROIs

 If you’re an energy manager, a facility manager, or a professional somewhere in-between, you will be asked to make sure the services you sign up for carry some sort of Return on Investment, or “ROI.” This can be a tedious, number-crunching task where you can lose track of the big picture: getting as much savings as possible. We’ve outlined some tips and tricks that will get you the best possible ROI: 

 

  • Thinking Small may have a Big Payoff — 

According to several experts in this piece by facilitiesnet, “Everyone is looking for a large payout.” They argue against this idea that you have to have a single big ROI within operating costs. Try looking for several smaller ROI opportunities to fully maximize how much you spend on energy and utilities. By finding several small applicable return on investments,  you can “snowball” these savings into a very large cutback on operational costs. 

 

  • Use a calculator that uses relies on relevant data — 

ROI calculators are running rampant on the internet lately. Some don’t even utilize current figures and numbers when going through their calculations. Our calculator is backed with IFMA, along with several others out there.  With a little fact-checking, you can determine if a software, system, or product will actually produce the ROI it promises. Some common sense and gut feeling can be the difference between a good investment and a bad investment. 

 

  • Maximize the physical space, go smart — 

Smart buildings provide huge return on investments. Their ability to recognize energy expenditure provides millions in savings. However, not every company and organization can afford to move to a state-of-the-art facility. Smart buildings are more than just tech-infused super structures. Find simple ways to let natural light occupy your spaces; the types of windows and building materials affect temperature and comfort levels immensely. Some as simple as changing the layout of an office can go a long way in maximizing the utilities you already have. Think “smarter, not bigger” when it comes to finding ROIs.

 

  • Train your occupants on how your buildings work — 

Simply educating the people that use your buildings comes a long way in saving on operating costs. One person may adjust a thermostat or setting panel that controls HVAC units in other spaces within the building. Another person then “combats” that with their own adjustment. A proper overview of the building functions (within limit of occupant control), provides another simple, easy way to build ROI. 

 

What other tricks have you found that offer a way to capitalize on an ROI opportunity? 

 

 

 

 

 

 

 

 

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