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BIFM Medium Term Strategy & Business Plan 2008 – 2012

23-01-08 8:0 BIFM

The British Institute of Facilities Management has agreed a new strategic plan for the medium-term. The strategy and associated business plan were approved by the BIFM Board on 13th December 2007 and the Institute’s executive management will now develop a detailed operating plan.

Peter Cordy, BIFM chairman, said: “This is a significant and exciting development for the Institute. At the heart of the new strategy is the intent to accelerate progress, through greater revenue generation and investment. The decision marks a decisive shift towards becoming a more professional association. The goal is to build ‘comprehensive capability’ and to develop BIFM as a ‘learning network’ for all its members.”

Adoption of the strategy is the culmination of a thorough examination of options, priorities and resources. The strategic direction is endorsed by BIFM’s Members’ Council, Executive and Board. The business plans of the Institute’s two joint ventures, BIFM Training and FM World, are fully integrated.

BIFM Chief Executive Ian Fielder said: “The Institute faces many challenges and opportunities in the years ahead – in the wider economy as well as in our sector. Changing demographics and technology will affect our membership and the services we offer.

“Approval of this new strategy means that, for the first time, rather than working on a two-year cycle, the Institute has a strategic plan for the next three to five years.”

The focus in 2008 and 2009 will be on generating resources to ensure a significant impact can be made on member-focused activity in 2010 to 2012. The Institute expects to grow total annual income from £2.7m in 2007 to £3.9m in 2011.

This will allow the BIFM to increase discretionary spending on development, from an average of £60,000 per year to £200,000 in 2010 and £300,000 in 2011.

A subscription increase of just over 5% in 2008 will contribute to the Institute’s revenue raising and brings BIFM more into line with other professional associations.

2008 will see two important initiatives progressed.

Achieving Qualifications & Curriculum Authority (QCA) Awarding Body status, remodelling the Institute’s examinations for accreditation in the national framework and developing new entry level qualifications will all cement the BIFM’s position as a centre of excellence for FM education.

A new ‘enterprise unit’ will be created in 2008 to focus on increasing non-subscription income, through increased engagement with the joint ventures as well as new activity.