Benefits Of The Standard

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A business management system is the means by which an organisation directs and controls its activities to achieve its objectives.   In many large organisations, management systems for different activities operate in parallel, so that there is interest in integrating formal standards for management systems within a common framework.  However, this issue extends beyond rationalising a regime of paperwork and inspections.  The aim should be to integrate or align the requirements for separate business processes at the level of strategic planning within the enterprise, thereby satisfying the principles of good corporate governance for internal control and risk management identified in the Turnbull and other guidance. 

Standards work by allowing different elements of a system to inter-operate in an efficient and effective way. Our goal is to create a specification for managing property assets that will help build constructive dialogue and understanding between property professionals, operational managers, financial directors, human resource directors, IT managers and other senior executives, bringing an increased commitment to managing property assts that truly extends ‘from board room to boiler room’.  The standard will be designed to improve connections between property management and different parts of the enterprise and its supply chain - a systems approach is an essential part of this plan.

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