Prioritisation Modelling Puts Property Decisions in Perspective

Dale Potts
Prioritisation modelling techniques, developed by Faithful+Gould, can help any organisation with a substantial property portfolio, maximise use of its assets and make better informed decisions about disposal, refurbishment and new construction projects.

Prioritisation modelling techniques, developed by project and cost management consultant Faithful+Gould, can help any organisation with a substantial property portfolio maximise use of its assets and make better informed decisions about disposal, refurbishment and new construction projects.

The company has developed a number of modelling tools and techniques which enable users clearly to visualise the effects of different approaches, apply priority weightings and facilitate agreement on final rankings.

Martin Dancy, director, explains, "Objective decision-making about the fate of buildings and facilities within the property portfolio can be very hard. Change, in the form of upsizing, downsizing, mergers and acquisitions, or implementing new business strategies frequently results in a mismatch between business needs and available properties and facilities. Determining the optimum solution and accommodating often differing views from the stakeholder groups involved can be highly complex and the ramifications of ill-considered decisions on the business can be serious.”

Prioritisation modelling can be applied across a broad range of industry sectors and will bring benefits to any businessMartin Dancy, Faithful+Gould's Director

Prioritisation modelling ensures the decision-making process is correctly controlled, well-informed, obtains stakeholder buy-in and that solutions are in line with pre-determined cash flow targets. The process involves review of business needs, development of alternative solutions, prioritisation of approaches, stakeholder workshops to provide feedback on options and development of a strategic master plan.

Martin Dancy, adds, "Prioritisation modelling can be applied across a broad range of industry sectors and will bring benefits to any business with a significant property portfolio – from offices to production facilities."

Faithful+Gould is a member of the Atkins Group of companies. It is one of the world’s largest project and cost management consultancies. Faithful+Gould employs over 2,000 staff with a turnover in excess of £100 million and has an expanding office base worldwide.

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