Budding ESVs Advised to Learn Business of Profession
As budding Estate Surveyors and Valuers (ESVS), students of Estate Management at Covenant University, Ota, have been charged to begin to learn and understand the business of the profession. They were also enjoined to think and act as business professionals.
This charge was handed down to the students by ESV Olushola Abeji, a Principal Partner at Shola Abeji Partners (Estate Surveyors and Valuers), at the Town and Gown Seminar of the Department on Friday, March 9, 2018.
Speaking on “Facility Management Processes in an Emerging Economy,” Abeji advised the students to find a way to garner knowledge on how to operate business. “Get a mentor or a tutor on business management. Even if you are in paid employment, develop an ownership mentality in order to acquire business experience,” he said.
Facility Management, he said, is the professional administration of all technical, infrastructural and commercial tasks within the secondary processes of an organisation in order to improve the productivity of the primary business activities.
“In general, all organisations, whether public or private, use buildings, assets and services (facility services) to support their primary activities. Facility Management coordinates these assets and services, its material or immaterial infrastructure with the aim to adapt to the variety of changes in the organisation’s environment and market conditions,” he explained.
In carrying out Facility Management, the guest speaker noted that the facility manager must understand and clarify the terms of reference, as well as core business objective of the client in order to support the objective. He added that the facility manager must take the inventory of the functionality of the facility; execute the signed contract in line with the Facility Management agreement and not according to personal feelings.
ESV Abeji explained the difference between Facility Management and Property Management, noting that facility management covers all buildings, facilities and infrastructures which support the primary business while property management covers all buildings, facilities and infrastructures which are the primary business itself. “For the facility manager, the building is a means to an end but for property manager, the building is an end in itself,” he clarified.
The highpoint of the event was the presentation of plaque to the guest speaker by the Head, Department of Estate Management, Dr. Chukwuemeka Iroham, assisted by the former HoD, Professor Samuel Oloyede.