Six Sigma for Corporate Real Estate

Eco requirements a standard in six sigma design?

I thought this post on locating high energy usage facilities (datacenters) in cheaper-to-cool environments was interesting.

Q: What's worse than your CEO getting trapped in an elevator?

A:  Your CEO's administrator getting trapped in an elevator.

Sometimes, getting buy-in to run an improvement project is difficult to achieve but not when the direction comes from the top.

Do your subtenants pay on time?

As part of a process improvement program, I recently facilitated a brainstorming with some lease administration experts about why 30% of their subtenants were consistently paying late.  We quickly generated several possible reasons and placed them on a standard fishbone diagram.  Using a pre-defined causal framework, we brainstormed root causes under five categories:  people, materials, methods, environment, and equipment/technology.

The next steps would be to use data to identify the most common controllable causes, then to improve performance on those drivers.  For a large sublease portfolio, this can have a material effect on receivables.