How does the University of California plan to manage their property assets across 10 campuses? By implementing an impressive new program called ICAMP – the Integrated Capital Asset Management Program. We caught up with Rich Powers, of the University of California Office of the President (UCOP) to find out how ICAMP enables visibility and integration across campus systems, and promotes efficient asset lifecycle management, too…
Defining the key elements of ICAMP
The ICAMP solution contains three solutions, all of which come together to support better decision-making:
- IBM TRIRIGA Cloud
- FieldFLEX Mobile.
UCOP chose the TRIRIGA platform to bring together all of their asset data into one integrated system. TRIRIGA lets you create a building inventory and location hierarchy. It has the capabilities required to manage those buildings throughout their lifecycle. Crucially, it supports facility condition assessment, or FCA. This is how they access every building component, from floor to ceiling, for health and performance. By using TRIRIGA, Rich’s team can overlay their building inventory with the FCA data to see which assets are most at risk, or in need of maintenance.
By combining this information with industry data from RSMeans, the team is able to estimate potential repair costs, then kick off opportunities from within TRIRIGA. UCOP also built a mobile FCA application with FieldFLEX Mobile that makes TRIRIGA available to technicians in the field. This carries the advantage of a streamlined inspection and assessment process. It allows architectural, electrical, and mechanical inspectors to look at their respective inventory elements and access asset data with ease. The application supports storing floor plans, uploading photos and videos, geo-tagging buildings and assets, and cross-referencing lifecycle data to help inspectors make better real-time assessments across the portfolio…
[Admin: To see other related posts, use the Cloud tag, FCA tag, RSMeans tag, or FieldFLEX tag.]
Part 1: Leasing Software
Earlier posts focused on the best practices followed by ValuD during IBM TRIRIGA application upgrades. In this blog series, we highlight the best practices that ValuD advocates for an IBM TRIRIGA 10.5.3 leasing software implementation…
Part 2: Data Readiness
Our earlier blog focused on the key learning from ValuD’s 10.5.3 implementations. In the next couple of blogs, we list our recommendations for each stage of the implementation life cycle. In this post, we focus on data readiness, data migration, and the design phases…
Part 3: Journal Entries Setup
Continuing with our recommendations for each stage of the implementation life cycle, today we focus on the build process and general ledger (journal entry) integration steps…
Part 4: Testing & Training
In our final blog of this series, we list our recommendations for the last two phases of the implementation life cycle: TRIRIGA testing and training…
[Admin: This post is related to the 01.10.18 post, 08.07.17 post, and 09.24.15 post about the best practices for configuring and upgrading TRIRIGA applications. To see other related posts, use the Best Practices tag or Implementation tag.]
Tailored Brands, Inc., a recognized leader in men’s tailored apparel operating over 1,400 locations in the U.S. and Canada, has selected Tango’s Strategic Store Lifecycle Management Solution to facilitate all aspects of their real estate strategy and store development activities needed to support growth of the company’s iconic brands, including Men’s Wearhouse, Jos. A. Bank, Joseph Abboud, Moores Clothing for Men and K&G. Tailored Brands has licensed Tango’s Market Planning & Site Selection, Program & Project Management, Lease Administration and Facilities Maintenance products…
An important consideration for Tailored Brands was ensuring compliance with the new lease standards put forth by FASB. Tango’s lease accounting software is unique in the marketplace, in that unlike other solutions that will require retrofitting to ensure compliance, Tango’s lease accounting functionality was developed with compliance as part of the foundation…
[Admin: To see other related posts, use the Tango tag.]
Integration with BIM
Wouldn’t it be great if software supported the total lifecycle of all your buildings? Can it be your organisation’s memory? Going deeper still, wouldn’t it be beneficial to ensure that all the materials in a building were being used to their full potential and were a valuable part of this lifecycle – an initiative that the Dutch institution Madaster advocates?
An important piece of the puzzle to realise this vision would be to integrate Building Information Modelling (BIM) information with, on the one side, the daily user processes of an IWMS, and on the other side, all of the changes in your buildings, spaces and installations, available in BIM. It will become possible to access the memory of the organisation at any time: find which malfunction happened at which installation in which room, reported by a certain user, fixed by a service provider who was part of a service contract at that time…
[Admin: This post is related to the 09.28.17 article by FM:Systems about the cost of interoperability. To see other related posts, use the BIM tag.]
Around the world, changes to the way we manage and measure facilities performance continue to place an onus on real estate executives. They must understand their holdings, and make more strategic decisions with regard to their overall portfolio. These decisions are influenced by many factors, particularly the impact of leases on the balance sheet and operations and maintenance costs. IBM continues to invest in our intelligent buildings platform, IBM TRIRIGA, to help our clients tackle the various changes occurring…
IBM TRIRIGA helps reduce the effort to meet new leasing standards
We want to help organizations comply with the new standards and understand the implications of these changes. IBM TRIRIGA supports the complete lifecycle of facilities management and will automate compliance activities to address changes that affect multiple teams and roles…
IBM TRIRIGA helps improve occupancy experience
There are also new capabilities to improve day-to-day and occupancy experience. Organizations can leverage a new Workplace Services offering that engages every-day employees through new mobile web apps that provide access to services managed by IBM TRIRIGA, anywhere, and on any device…
IBM TRIRIGA provides a new design to better engage users
Decisions are only as good as the data that supports them. Optimizing native data sets and interfaces, and managing the process of collecting and contextualizing external data, is critical. New capabilities focus on enhancing the IBM TRIRIGA Application Platform. This is the foundation for the various views and capabilities of the IBM TRIRIGA suite…
I have an issue where it is not possible for non-Admin users to trigger the Create state transition through our OSLC interface. Instead, we get the following error:
2017-06-27 13:08:10.301 UTC ERROR [com.tririga.platform.integration.oslc.OslcRequestDispatcherImpl](Default Executor-thread-34280) Failed to read message: null
2017-06-27 13:08:10.301 UTC ERROR [com.tririga.platform.integration.oslc.OslcRequestDispatcherImpl](Default Executor-thread-34280) Exception in OSLC call: com.tririga.platform.integration.oslc.OslcException. message=java.lang.ClassCastException: com.tririga.platform.metadata.domain.BoStateTransitionId incompatible with com.tririga.platform.metadata.domain.gui.GuiStateTransitionMetadata
The fact that I am able to create and associate the record using an Admin user says to me that this is related to permissions, but I’ve made sure that the user has full security access for both the BO/form it is trying to create, the BO/form that it is attaching it to, and all other BOs/forms that are associated to it, and it still gives me the error above.
When I open the created record that my Admin user created, it looks to be correct. But when I open the one that the non-Admin user tried to create, it shows an empty record. None of the fields are saved in a null state, which of course is because it didn’t get created, the Create state transition was not triggered. Any idea of what is causing this issue? And how to resolve it?
[Admin: To see other related posts, use the OSLC tag.]
Applying condition-based maintenance with IBM TRIRIGA helps to assess a facility’s or an asset’s performance, capture its lifecycle costs, and to identify necessary repairs and replacements. An integrated set of performance metrics of a facility’s condition is needed to predict when to repurpose, or renovate structures.
Building operations and maintenance managers are primarily responsible for assessing the condition of building components like roofs, air conditioning, walls, electrical, and communications. Forecasting facility conditions and predicting repairs before failure occurs, results in cost reduction. IBM TRIRIGA automates demand and preventive maintenance services to reduce the cost of maintenance operations.
TRIRIGA’s facilities and operations manager is an intense CMMS that enables organizations to manage their building assets and facilities over their lifecycle in order to reduce maintenance expenses. It provides condition-based facility assessments that help you to prioritize the areas for capital improvement and assists you in extending the life of your facilities and facility assets.
Condition-based maintenance features of IBM TRIRIGA
- Improves the value and environmental performance of facility assets through the capture and classification of facility, building system and asset deficiencies…
- Evaluates the required investment, energy and operating cost savings, and return on investment of each opportunity…
- Automates the generation of work requests and capital projects to manage the remediation of deficiencies or implementation of environmental opportunities…
[Admin: This post is related to the 03.30.15 post about facility condition assessments (FCA). To see other related posts, use the ValuD tag.]
Are you getting ready to address the implications of the new lease accounting changes with TRIRIGA? Although FASB’s ASC 842 and IASB’s IFRS 16 will take effect in 2019, many organizations are only now beginning to realize the amount of effort required to meet the new standards…
The biggest changes to businesses will be the new Right of Use (ROU) Assets and Lease Liabilities that will hit balance sheets, as well as the intensely manual approaches and effort that many see before them. How many organizations are leveraging Integrated Workplace Management Systems (IWMS) to manage their real-estate holdings and automate these manual efforts?…
In order to help organizations comply with the new standards, and understand the implications of these changes, TRIRIGA continues to deliver a single integrated workplace management system with new enhancements in the next release. TRIRIGA supports the lifecycle of facilities management and will automate compliance activities to address changes that affect multiple teams and roles.
Here’s how TRIRIGA can help:
- CFO and CAO: The release of IBM TRIRIGA 10.5.3 will provide a sub-ledger system for real estate and asset lease accounting that is able to generate journal entries out-of-the-box for ASC 840 and ASC 842 under US-GAAP as well as for IAS 17 and IFRS 16. It also covers period closings and report generation for the most common reports required under the new standards.
- Real Estate and Fixed Asset Managers: The release of IBM TRIRIGA 10.5.3 separates the duties of a lease administrator and a lease accountant, allowing the lease administrator to enter contractual information, and then enabling the lease accountant to run classification tests, reassess lease decisions, and report on the ROU Asset and Lease Liability.
- Facility Management, and Occupants: There are also new capabilities to improve day-to-day and occupancy experience. They can leverage a new Workplace Services offering that engages everyday employees through new mobile web apps that provide access to services managed by IBM TRIRIGA, anywhere, and on any device. This includes: a new Service Request app to submit work requests, a new Reservation app to quickly create reservations for individual workspaces or multi-attendee meeting rooms, and a new location-aware Workplace Services Portal to provide a single, unified access point for launching the apps and tracking status of requests…
[Admin: To see other related posts, use the FASB tag or IFRS tag.]
Integrated Workplace Management Systems (IWMS) were developed in the ’90s to address the technical limitations of sharing data between multiple real estate and facility management teams. The benefit of IWMS was having a single system for managing the entire real estate portfolio lifecycle. Since these systems were designed for traditional office space, progressive companies are starting to doubt the ability of IWMS to support the transition to the modern workplace…
It is no secret that IWMS are cumbersome to use, which results in companies hiring high-priced consultants for implementations. Paired with its lack of features and flexibility, IWMS frequently exceed their original prices due to customization…
To combat these issues, progressive companies are leveraging (IWMS 2.0) best-of-breed space management technology to augment their existing investment in traditional IWMS to support their modern workplaces. Space management technology is able to address the new requirements of modern workplaces such as neighborhoods, seating ratios, real-time utilization, and highlighting the differences between actual usage of space and allocation of space.
To learn more about IWMS in the modern workplace, download our white paper: “Can Traditional IWMS Meet the Requirements of the Modern Workplace?”
[Admin: To see other related posts, use the Serraview tag or IWMS 2.0 tag.]
Did you know the following?
- Store leases comprise 10% of total business costs in the retail industry.
- The number of online shoppers will increase from 1.5 billion in 2016 to 2 billion by 2019.
- At least 100 million customers are expected to shop in augmented reality by 2020.
IBM TRIRIGA provides a robust platform to manage the entire store lifecycle process and takes your real estate operational processes and workflow to the next level. It provides financial analysis and evaluation of your real estate transactions by evaluating and comparing site locations across geographies.
IBM TRIRIGA is a single technology platform and database repository with automated process workflows, pre-built performance metrics, and environmental and energy management functionality. The solution drives a three-fold value proposition to improve financial, operational, and environmental performance.
You can use IBM TRIRIGA for:
- Consolidating historical RE databases and spreadsheets into one integrated system.
- Improving lease accounting and administration.
- Capital program planning.
- Retail site selection.
- Performance analysis.
- Business Intelligence…
[Admin: This post is related to the 06.07.17 post by ValuD about IWMS in higher education, the 06.14.17 post by ValuD about space as an asset, and the 07.12.17 post by ValuD about building a business case on IWMS. To see other related posts, use the ValuD tag or Retail tag.]