Study on Residential Facilities Management Systems

There has been relatively little research undertaken on issues and problems related to facilities management systems. Many research works have outlined the the most vital challenges in facility management are controlling cost, coordinating teams, handling failures, maintaining aging equipment and facilities and time management. Most of the research and survey established the needs of the growing revenue, lowering and control operating cost. Other than revenue and cost control, many have neglected the collection of payment from customers. For any business to survive, cash flow or collection of payment is utmost important. Cash is required because it later becomes the payment for things that make the business run: expenses like paying salary to employee, stock or raw materials, rent and other operating expenses. It is understandable that positive cash flow is preferred. Positive cash flow means the business can run smoothly without worrying about being unable to pay overhead and other expenses. High positive cash flow is even better which allow business to make new investments (hire more employees, open another location) and further grow the business. Facility management in residential buildings has many challenges and problems such as damage, ageing property and unexpected maintenance. Property and facilities are experiencing wear and tear as well as ageing. Regular maintenance needs to be carried out by qualified personnel with good management tools. To enable the smooth running of day-to-day operations, management of time, coordinating staff and communicating with tenants are crucial to achieve target and be productive and efficient. Hence this work attempts to provide a software solution that can mitigate some of the issues highlighted with today’s workplace becoming increasingly mobile and dynamic.