Kuye Olusegun

Strategic facility planning recognises that every decision made in business planning has a direct impact on an organisation’s real estate assets and needs. The purpose of the SFP plan, therefore, is to develop a flexible and implementable plan based on the specific and unique considerations of the individual business.

IFMA, in its ‘Project Management Benchmarks Survey’ (2002), defines the strategic facility plan as a strategic facility plan (SFP) is defined as a two-to-five year facilities plan encompassing an entire portfolio of owned and/or leased space that sets strategic facility goals based on the organisation’s strategic (business) objectives.

A strategic alliance is a formal relationship between two or more parties to pursue a set of agreed upon goals or to meet a critical business need while remaining independent organisations.

Items of property, plant and equipment that are not able to be reliably valued using market-based evidence for the same or a similar asset are referred to as being specialised. Specialised assets are those that are rarely if ever sold on the open market, except by...

A slum area has been defined as a squalid, dilapidated, overcrowded area inhabited by an inferior social and economic class. Usually, it has overcrowding in old, obsolete, dilapidated buildings which lack light, air, and sanitary facilities.

Short sale is a term that relates to temporary buying and selling of commodities. The limited span of time during the entire transaction is reflected in the word 'short'. The term 'short sale' is defined as "…a sale of security that is not owned by the seller or the sale…

A service specification is a document that quantifies the minimum acceptable (technical) standard of service required by the customer and will generally form a part of the contract with the service provider. The production of the service specification is a prerequisite in the negotiation and drafting of SLAs and should…

The various definitions and explanation given to the concept of Securitisation is as follows: • The process of creating a financial instrument by combining other financial assets and then marketing them to investors (Investment Dictionary, 2000).