BES803 - Strategic Financial Planning - Facilities

Outline info
Last revision date 2018-07-05 16:16:45.591
Last review date 2018-07-05 16:16:45.592

Subject Title
Strategic Financial Planning - Facilities

Subject Description
This subject provides an overview of today's strategic and financial planning techniques for facility management. Budgeting, materials procurement and management, work order systems, work planning and scheduling, cost control concepts and techniques, and use of computers in facility management are some of the topics that are covered. A prime focus of this subject is to raise the awareness of efficient energy and environmental management and to control such costs through effective planning and budgeting, and other financial techniques.

Credit Status
One credit toward the Building Environmental Systems (BES) Facility Manager Certificate

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Prepare a cash budget, capital budget and an operating budget for a facility department.

2. Recognize and design an effective materials procurement, management and control system for a facility department.

3. Plan, schedule and control the work of a facility department.

4. Recognize the principles for designing an effective organizational structure for a facility department.

5. Apply techniques to effectively control the costs of operating an organization's physical facilities, including salaries and wages, costs of energy, fuel and oil, supplies, and other overhead costs.

6. Recognize the importance of efficient energy and environmental management and apply different accounting or financial techniques in such management.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on for further information regarding cheating and plagiarism policies and procedures.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Topic Outline

  • Budgeting: roles of budgets and preparing an operating budget for the facility organization
  • Cash budget: forecasting cash flows and financing needs, and preparing a cash budget for the facility organization
  • Capital budget: deciding on major expansions/acquisitions, and its application to facility management
  • Long-range planning and how it applies to facility management, and behavioral aspects of budgeting
  • Leasing vs. buying decision
  • Actual vs. budgeted performance and variance analysis for budget controls
  • Work planning and scheduling, and work order systems for maintenance management
  • Materials procurement, management & control
  • Other financial/accounting topics for facility management:
    • Principles of effective organization
    • Responsibility accounting and its motivational aspects for the facility organization
    • Use of accounting methods and techniques for efficient energy management
  • Applications of computers in facility management:
    • Work order system
    • Labor utilization analysis and control
    • Inventory control system
    • Construction management 

Mode of Instruction
Traditional Classroom
Lectures, discussions in the classroom, video 

Independent learning with tutor support.  Instructor will contact you by email. 

Prescribed Texts
BES803 Strategic and Financial Planning, Seneca College, ISBN/Sku #: 0-00011-803-B. Available from the Seneca Bookstore.  

Correspondence students, your text fee is included and your text will be shipped to you.

Reference Material

Required Supplies

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online ( or at Seneca's Registrar's Offices.

Modes of Evaluation
Since this is a professional credit subject, marking standards reinforce professional practice by demanding legible, tidy work. Written projects should be well organized and grammatically correct, with proper spelling and punctuation. Late projects are penalized. Please obtain standards, dates and additional information from your instructor.

While attendance is not a formal part of the evaluation process, absenteeism will almost guarantee your inability to achieve a satisfactory grade, as there is no formal provision for make-up tests or projects you may miss.

To attain a passing grade for the subject, a student must complete and obtain a passing grade on all combined projects and tests during the term.  For further information on evaluation and academic standing, see a copy of the Academic Policy. They are available at Seneca Registration offices.

Grading is based on the following marking scheme:

Project                 25%
Midterm              35%
Final                      40%

Correspondence and Online
Project 1              30%
Project 2              30%
Final                      40%

Approved by: Denis Gravelle