Certified Facility Manager (CFM) Practice Exam

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What does a facility life-cycle study typically provide?

A budget forecast for immediate renovations
A space-by-space schedule of renovation needs
A selection of contractors for future projects
An assessment of the property management team

The correct answer is: A space-by-space schedule of renovation needs

A facility life-cycle study typically provides a space-by-space schedule of renovation needs, which is critical for effective facility management. This study examines the entire life cycle of a facility—from initial construction through operation and eventual renovation or disposal. It takes into account the current condition of various spaces, their usage, and projected future needs. By assessing each space within the facility, it identifies areas that require maintenance, updates, or complete renovations, which helps in planning for future expenditures and ensuring that the facility continues to meet the needs of its users. This information is vital for strategic planning, allowing facility managers to prioritize renovations based on urgency and importance, thereby optimizing resource allocation and improving overall operational efficiency.