Companies must ensure inspection is embedded into the lifecycle maintenance of an asset to avoid unnecessary risks in the long-term, according to a white paper published by FM firm ISS Facility Services.
Failure to perform timely maintenance on facilities and installations exposes a building to higher risks, the paper states.
The document discusses insights on how to manage and mitigate risk through strategic facility management.
The white paper states that the significance of risk management and control activities has increased as a result of various legal initiatives in the United States and Europe, but also as a result of the current economic situation.
The paper presents a methodology to provide measures to implement or optimise a company's risk management system as well as its internal control system (ICS).
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