Author: FM College Admin

Findings from economic geographer Bent Flyvbjerg, editor of The Oxford Handbook of Megaproject Management (Oxford University Press, June 2017), confirm a stark reality: Out of a database of 16,000 projects, only 8.5 percent met their cost and schedule targets, and a mere 0.5 percent achieved all promised benefits. This phenomenon, which he calls the “iron…

The global asset management industry is at a critical juncture. Longstanding tailwinds —primarily in the form of low interest rates and stable GDP growth—have changed direction, compounding ongoing challenges presented by the shift from active to passive and traditional to alternatives. Together, these trends are forcing firms to discover more sustainable pathways to outperformance. After…

When it comes to building a sustainable energy future, there are two sides to the equation: generation and demand. While most of the attention has been placed on producing more clean power, there’s an equally powerful opportunity in reducing consumption — particularly in HVAC systems, which remain among the largest energy consumers on the planet….

When police in early July said $1 million in HVAC systems had been stolen from buildings in Las Cruces, New Mexico, most likely for access to their copper coils and pipes, it was another sign of the surge in metal thefts that building operators have been wrestling with since the beginning of the year. “Criminals…

In June, the International WELL Building Institute, which provides certifications for health and well-being in buildings, announced that a streamlined pathway for projects pursuing both LEED and WELL certification has seen rapid uptake since being unveiled in April 2023. Total project space using the pathway more than tripled in less than two years, from 80…

Adobe Stock/Elnur In today’s workplaces, amenities like break rooms, cafeterias, and gyms are more than a perk; they’re a requirement to keep employees satisfied and foster a positive company culture. On-site amenities can even help attract prospective talent and reduce turnover. While these conveniences offer benefits to both employers and staff alike, they can also…