Program Management
line
Program Management
1) Beginning
2) The Corporate
Impediments
3) The Industry
Impediments
4) A New Way
of Thinking
5) Elements of
Program Management
6) Why the need for a
new “class” of vendors?
7) A Better Way
Part 1: Beginningline
Have you ever noticed all the people who seem to get involved every time your company needs new space? A lease renewal, a regional expansion, a new office; from simple to complex, each seems to require a crowd of vendors, consultants, analysts, brokers, etc. Who are they, how are they chosen, what do they do, who pays for them, and why do they seem to be meeting each other for the first time on your project? Is this any way to properly organize and implement one of your company's most important operational and financial decisions?
Rest assured that you are not alone. Whether you run a large organization or a small company, and whether you have a large in-house real estate staff or you oversee the deal yourself, staffing and organization of facilities projects are a hassle. These projects are just inefficient, and come up short of expectations vis-à-vis other tasks managers traditionally tackle in running a business. Too many projects end with a company feeling like the project cost too much and took too long, with results not meeting expectations.
Literally, millions of dollars of excess cost and waste can be mined by improving this situation. Savings in better planned spaces that better fit the requirements, savings in lower costs of construction, savings in faster projects, savings in management time and hassle, and savings in many other areas. With an industry so inefficiently organized and incredibly fragmented, the opportunities for cost reduction from a more orderly approach are huge. But, interestingly, there doesn’t seem to be much progress by corporations in improving the situation and lowering costs. Our thirty years of combined experience in assisting companies through this process has led us to conclude that there are basic organizational impediments to realizing these available savings, hence, the tendency to keep everything status quo.
But the magnitude of the opportunity is just too large to ignore. Herein, we propose a new way to approach the problem.