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In your opinion, what is the difference between property management, facility management and asset management ?

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Question ajoutée par naa mat zin
Date de publication: 2015/09/16
Md Fazlur Rahman
par Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

The difference among the three terms are sometimes overlapping and may vary form company to company. As a general rule the meaning may be as follows:

  • Property Management: Managing the building, land and premises which include (Mechanical, electrical and Plumbing works),cleaning, security services and renting/leasing of the building.
  • Facility Management: It covers all aspect of Property Management except renting/leasing
  • Asset management: Management of asset above a specified $ value( IT equipment, Office equipment, Generators, Transport equipment) and Management of all aspect of property management 

Ahmad Al-Amoudi
par Ahmad Al-Amoudi , Director of Support Services , SAMI – Saudi Arabian Military Industries

There are many terms reflect Facility Management such as Building Management, Property Management, Real Estate Management, Asset Management, etc...

However Facility Management is general term and it contains multi functions such as: Property Management, Real Estate Management (from a trading perspective), Operations and Maintenance, Technology, Business Continuity and Emergency Management, Finance and Business, Project Management, Quality, HR, etc...

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