Optimizing Building Management with a Lifecycle Approach

This research report examines the importance of a lifecycle approach in optimizing building management. It highlights the need for improved collaboration among stakeholders in the architecture, engineering, construction, and operations (AECO) sectors to enhance efficiency and sustainability. The report identifies significant challenges, such as data silos and the loss of 95% of construction data, which hinder effective facility management. It discusses the role of technology, including digital twins and cloud-based solutions, in bridging data gaps and facilitating better information exchange. The report also presents findings from a survey conducted with facility management professionals, revealing their priorities and challenges in the coming years, such as cost pressures, space optimization, and the demand for renovation projects. Additionally, it outlines the anticipated shift towards data-driven decision-making, with a focus on leveraging analytics and artificial intelligence to improve operational efficiency. Practical recommendations for facility managers are provided to enhance their influence and effectiveness throughout the building lifecycle.