Abstract: Facility management is defined as keeping the planned facility performance in design and construction phases by repairing, replacing and upgrading its components to create the facilities’ value. Assuming the durability life of facility as 44 years, the maintenance expenditure accounts for over 70 percent of the total life cycle cost. Also the expenditure reaches three to five times of the construction cost in general. It starts after ten years that the facility has deteriorated since the completion. The durability life of one facility which has been maintained through the appropriate facility management is extended comparing others. Therefore, it is important to implement the facility management effectively considering the expenditure and the impacts. Researchers propose the necessity of facility management from the facility condition assessment perspective by analyzing the trend of Korean industry of facility management and the literature review.
Publication Year: 2015
Publication Date: 2015-10-01
Language: en
Type: article
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