Facilities management is an important part of any business, and it’s important to ensure that your facilities are running as efficiently as possible. Calculating efficiency in facilities management can help you make sure that you’re getting the most out of your resources and minimizing costs. In this blog, we’ll take a look at what efficiency in facilities management is and how to calculate it.
What is Efficiency in Facilities Management?
Efficiency in facilities management is a measure of how well a facility is being managed in terms of its resources, operations, and services. It’s important to measure efficiency to ensure that facilities are running smoothly, resources are being used effectively, and costs are kept to a minimum.
How to Calculate Efficiency in Facilities Management
The first step in calculating efficiency in facilities management is to analyze the data. You need to determine how long it takes to complete tasks, how much resources are being used, and how much money is being spent. This data will help you determine what areas of the facility need to be improved.
Once you have collected the data, you can start to calculate the efficiency. The most common way to do this is by using the Cost Efficiency Ratio (CER) calculation. This calculation is used to measure how cost effective a facility is in terms of resources, operations, and services.
To calculate the CER, you need to divide the total cost of the facility by the total value of the services and products produced. This will give you a percentage that indicates the efficiency of the facility. For example, if the total cost of a facility is $50,000 and the total value of the services and products produced is $60,000, then the CER is 83.3%. This means that the facility is 83.3% efficient.
Conclusion
Calculating efficiency in facilities management is a crucial part of ensuring that your facility is running as smoothly and efficiently as possible. By analyzing data and using the Cost Efficiency Ratio calculation, you can make sure that your facility is getting the most out of its resources, operations, and services.
