Reduce cost, Real Estate

REDUCE COST (REAL ESTATE)

MOST IMPORTANT GOAL EXAMPLE

Decrease Damage Costs from $4.2K to $2.5K

DESCRIPTION

When NPS is not possible, this could be a fruitful metric to measure increase of safety. This MIG is furthermore a driver for decreased repair costs.

KEY ACTIVITY EXAMPLES

Conduct 2 security activities a week

DESCRIPTION

Purpose is to proactively implement activities that is assessed to increase security long term.

DEFINITION OF DONE

Executed identified security measures.

UNIT

Activities

Conduct 3 improvement activities proactively a week

DESCRIPTION

The purpose with this Key Activity is to proactively keep real estate portfolio and its surroundings complete, pure and tidely in order to increase safety and well-being. A complete, pure and tidely block also tends to reduce the tendency for litting or vandalism.

DEFINITION OF DONE

Conducted improvement activities.

UNIT

Activities

Focus 2 hours a week on investigating and invoicing for abnormal wear

DESCRIPTION

Purpose is to identify abnormal wear and damaging that can be invoiced to a tenant to prevent future recurrence.

DEFINITION OF DONE

Spent proactive time focused on investigated & invoicing any damages to tenant.

UNIT

Hours

MOST IMPORTANT GOAL EXAMPLE

Decrease Cost of Contractors from $12K to $7.5K

DESCRIPTION

By decreasing the often extensive cost of contractors, time will be managed to utilize work in-house. Often combined with reducing number of reported errors within customer service to leverage cross-functionality within the organization.

KEY ACTIVITY EXAMPLES

Perform 5 in-house errands per week

DESCRIPTION

Aims to identify and carry out matters under its own auspices that are otherwise contracted by an external party – often at a significantly higher cost.

DEFINITION OF DONE

Executed errands.

UNIT

Activities

Follow Up 4 invoices from contractors each week

DESCRIPTION

Creates focus around ensuring that contractors invoice according to agreements and implements measures in the event of any deviations.

DEFINITION OF DONE

Followed up invoices.

UNIT

Invoices

2 Contract follow-ups a week

DESCRIPTION

The purpose of this Key Activity is to ensure that orders to contractors are done according to existing routines and agreements. These should be remedied since purchases or orders outside agreements often are interlinked with higher costs.

DEFINITION OF DONE

Followed up contracts.

UNIT

Contracts

MOST IMPORTANT GOAL EXAMPLE

Reduce Service Costs from $78K to $50K

DESCRIPTION

By realizing planned maintenance, the requirement of acutely repairs will decrease. This will lead to less service costs while ensuring far-sightedness and proactivity.

KEY ACTIVITY EXAMPLES

Conduct 8 proactive inspections & tours a week

DESCRIPTION

Aims to continuously carry out inspections and patrols in order to identify any deviations or early errors. This allows continuous improvements and preventive measures implemented which are often associated with a significantly lower cost than implementing measures when the scope of the fault is too large.

DEFINITION OF DONE

Walked inspections and documented or addressed any deviations.

UNIT

Inspections

Execute 3 maintenance measures a week

DESCRIPTION

Creates focus in continously implementing planned maintenance measures on ones own. This Key Activity will lead to an decrease in future repaircosts, which often are more expensive, that is associated with deficient maintenance.

DEFINITION OF DONE

Executed identified maintenance item.

UNIT

Activities