An output approach to property portfolio performance measurement

PRICE, Ilfryn and CLARK, Liz (2009). An output approach to property portfolio performance measurement. Property management, 27 (1), 6-15.

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Official URL: http://dx.doi.org/10.1108/02637470910932647
Link to published version:: 10.1108/02637470910932647

Abstract

Purpose – The purpose of this paper is to demonstrate the analysis of portfolios of office properties using measures of business outputs, namely occupation efficiency and staff satisfaction.

Design/methodology/approach – Satisfaction is measured using a proprietary online survey instrument that has proved highly reliable and repeatable in three separate trials. The data on 192 buildings are analysed using data envelopment analysis.

Findings – Instant and significant differences are revealed between clusters of buildings and individual properties. The approach reveals inefficiencies that are concealed by more conventional cost-based metrics.

Practical implications – The study has proven to be of use in gaining organisational commitment to strategic property improvements.

Originality/value – The authors are not aware of this approach having been applied elsewhere in either research or application.

Item Type: Article
Uncontrolled Keywords: performance measures, input/output analysis, customer satisfaction, benchmarking
Research Institute, Centre or Group: Centre for Facilities Management Development
Identification Number: 10.1108/02637470910932647
Depositing User: Ann Betterton
Date Deposited: 17 Apr 2009
Last Modified: 19 Aug 2015 21:04
URI: http://shura.shu.ac.uk/id/eprint/910

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