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. The strategic facilities goals, in turn, determine short-term tactical plans, including prioritisation of, and funding for, annual facility related projects.
The SFP identifies the type, quantity and location of spaces required to fully support the organisation’s business initiatives and should be framed within the organisation’s vision. The SFP includes three primary components: an understanding of the organisation’s culture and core values and an analysis of how existing and new facilities must manifest that culture and core values within the physical space or support their change, an in-depth analysis of existing facilities—including location, capability, utilisation and condition; and an achievable and affordable (approved) plan that translates the goals of the business plan into an appropriate facility response. Components of the strategic facility plan may include: facility portfolio analysis and documentation; condition surveys; building and site usage, and capacity analysis; industry benchmark studies; staff and technology projections over time; project identification; cost projections; presentation materials for board approval; and a facility development schedule.
Source: IFMA, 2009
