Meeting/Event Information

Finance and Business Course

Finance and Business: Facility managers manage/oversee high-value assets that represent significant financial investment in technology, buildings, structures, interiors, exteriors and grounds. Since facility managers are typically responsible for the oversight, operation and maintenance of the buildings and grounds, as well as oversight of various service contracts, understanding the basics of finance and business is critical. View course table of contents below.

Finance and Business Essentials

Introduction

Chapter 1: Finance and Business in the Facility Organization

• Topic 1: The Importance of Being Finance- and Business-Aware
• Topic 2: Financial Terminology
• Topic 3: Fundamental Accounting Concepts

Chapter 2: Financial Management of the Facility Organization

• Topic 1: Budgets and Budgeting Basics
• Topic 2: Financial Statements
• Topic 3: Business Cases, Supporting Documentation and Financial Reports
• Topic 4: Fundamental Cost Concepts
• Topic 5: Analyzing and Interpreting Financial Documents
• Topic 6: Cost-Containment Strategies
• Topic 7: Chargebacks

Chapter 3: Procurement in the Facility Organization

• Topic 1: Procurement Procedures
• Topic 2: Procurement and Facility Management Outsourcing

Chapter 4: Contracts in the Facility Organization

• Topic 1: Contract Development, Management and Oversight
• Topic 2: Contract Administration
• Topic 3: Analyzing and Interpreting Financial Contract Elements
• Topic 4: Resolving Vendor Conflicts