Aberdeen Group study details how "Best in Class" companies manage spend for real estate and facilities management
FOLSOM, Calif. (August 29, 2007) - Meridian Systems, a provider of enterprise project management software for optimizing capital projects, programs and facilities, announced today that a new Aberdeen Group, Inc. research study on enterprise spend for real estate and facilities management is now available as a free download at
The report titled "Real Estate and Facilities Life Cycle Management (REFLM), The Three Keys to Success: Visibility, Visibility, Visibility," describes what "Best in Class" companies are doing when it comes to real estate management, facilities operations and management, project management, space management as well as strategic planning processes.
"Our research shows that Best in Class enterprises standardize business processes and leverage technologies to track performance across the entire real estate and facilities management lifecycle," said Andrew Bartolini, Research Director at Aberdeen Group. "This approach allows organizations to establish the visibility needed to drive occupancy and maintenance cost savings as well as process improvements that drive productivity."
Findings of the study confirmed that Best in Class enterprises realize superior performance and credit REFLM solutions for typically delivering the following benefits:
5.0% reduction in total cost of occupancy
2.6% reduction in cost for capital improvements
3.3% reduction in maintenance costs per square foot
56% improvement in time to complete facility work orders
Complete details are available by downloading this Aberdeen research from Meridian Systems' website and registering for the Meridian information library, a complete library of free research and software selection resources for organizations evaluating construction project management solutions.
About Aberdeen Group, Inc.
Aberdeen Group, Inc. is the leading provider of fact-based research focused on the global technology-driven value chain. Founded in 1988, Aberdeen has established the market leading position as the "voice that matters" when it comes to understanding the measurable results being delivered by technology in business.
About Meridian Systems
Construction project management software from Meridian Systems, a Trimble Company (NASDAQ: TRMB), allows building owners, construction and engineering firms, and government agencies to efficiently manage their capital projects, programs and facilities. Meridian has been ranked the market share leader for project management and collaboration software by Constructech magazine,1 and by the CFMA among general contractors larger than $101 million in revenue.2 For more information, call Meridian Systems at (800) 850 2660, or visit:
1Statistics excerpted from the 2006 National Construction-Technology survey, Constructech Magazine.
2CFMA's 2006 Information Technology Survey for the Construction Industry, sixth edition with the permission of the Construction Financial Management Association, Princeton, NJ, (609) 452 8000.