Facilities Management ? Outsourcing risk management

This white paper explores the various risk associated with the outsourcing of facilities management operations to a third party service provider and also discusses how these risks can be mitigated by assessing each level of outsourcing process and delivering appropriate measures to overcome the risks. Large firms with complex facilities portfolio, find it tough to carry out the operations in-house. Majority of FM category managers, are put into a situation to cut down costs associated with facilities operations. Outsourcing the facilities operation to the third party service providers is the most prevalent options adopted by majority of the firms. Outsourcing here refers to out-tasking services to a number of third party vendors under an agreement. But again engaging with multiple vendors may pose following threats to the firms.