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2.05 For the Public Sector FM: Sell Your Projects With CFO Jargon

Tuesday, April 2, 2013
1:45 PM-2:45 PM
Track: Council/Industry Specific
Format: General Presentation
Organization: IFMA
Knowledge Level: 200 level
Session Description: With ever-shrinking public sector budgets, do you have difficulty justifying your project to the CFO?  Do you have difficulty communicating with the CFO?  Are they constantly questioning your expenses and reducing your budget? Are your capital projects always being shot down?

Gain insight into why your projects are always being questioned and your budget reduced.  Acquire tools to convert common FM informaiton into quantifable information to show the CFO how well you are doing considering the lack of resources. Learn how to justify your capital projects using financial analysis to show why your projects should be funded.  Better understand how facility management impacts the agency's finances.

Learning Objectives:
  • Understand and become familiar with basic finance terminology.
  • Learn how to develop meaningful facility-related ratios to measure performance.
  • Know how to justfy your projects using CFO speak.
  • Understand how facility management impacts the agency's finances.
  •     Conference Proceedings

        Presentation

    Speaker:

    Phyllis Meng, CFM, SFP, IFMA Fellow
    Los Angeles County Metropolitan Transportation Authority
    Deputy Executive Officer, General Services
    General Services

    Phyllis Meng has been a facility professional for more than 30 years. For the past 26 years, she has been employed by the Los Angeles County Metropolitan Transportation Authority as the deputy executive officer, general services, and building manager for the 628,000 sq. ft., 28-story MTA high-rise headquarters in downtown Los Angeles, Calif. This building recently received Energy Star and LEED Gold awards. Meng graduated from Cal State Northridge with a bachelor's of science degree in business management. She obtained her Certified Facility Manager in 1993 and was honored as an IFMA Fellow in 2002. She obtained her SFP in 2012. Meng served on IFMA’s board of directors as West Coast regional vice president and served two years as IFMA Foundation chair, leading the foundation through numerous improvements, including doubling contributions and growing its assets by 42 percent. She has served as president of the Los Angeles Chapter of IFMA and president of the IFMA Public Sector Facilities Council. Meng has authored numerous articles for the benefit of the facility management profession in the Facility Management Journal and other trade publications. She has taught courses on finance, emergency preparedness, contingency planning, real estate and outsourcing at the chapter level, at IFMA’s World Workplace and at other conferences. She is an IFMA-approved instructor and has taught many FMP, CFM Exam Review and core competency courses. She developed and teaches Financial Analysis for the Facilities Profession, a course for the University of California Irvine Facilities Management Certificate Program. In 1998, she was honored with IFMA’s Distinguished Member Award. She accepted the 1996 IFMA Award of Excellence for Council Achievement for the Public Sector Council’s newsletter, 2005 Award of Excellence for Council of the Year for the Public Sector Facilities Council, and IFMA’s 1995 Distinguished Author Award for her article on contingency planning.

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