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Meridian Releases Facilities Lifecycle Best Practices Study

Published 9/21/2007

Meridian Systems, a provider of enterprise project management software for optimizing capital projects, programs and facilities, announced that a new Aberdeen Group, Inc. research study on enterprise spend for real estate and facilities management is now available as a free download at the Meridian Systems site. The report titled "Real Estate and Facilities Life Cycle Management (REFLM), The Three Keys to Success: Visibility, Visibility, Visibility," describes what "Best in Class" companies are doing when it comes to real estate management, facilities operations and management, project management, space management as well as strategic planning processes. The report shows that Best in Class enterprises standardize business processes and leverage technologies to track performance across the entire real estate and facilities management lifecycle. This approach allows organizations to establish the visibility needed to drive occupancy and maintenance cost savings as well as process improvements that drive productivity. Findings of the study confirmed that Best in Class enterprises realize superior performance and credit REFLM solutions for typically delivering the following benefits:        5.0% reduction in total cost of occupancy        2.6% reduction in cost for capital improvements        3.3% reduction in maintenance costs per square foot        56% improvement in time to complete facility work orders

For more information, visit www.meridiansystems.com .