TFMCThe FM Money CourseBudgets, vendors and procurement
Rating:
English
Advanced
Face to Face
Instructor-Led Training
(F2F-ILT)
Virtual
Instructor-Led Training
(V-ILT)
COACHING
& MENTORING
(C&M)
Self-Paced
Learning
(SPL)
Select Date
Download Brochure
Course Overview
The FM Money Course gives facility managers responsible for budgets and vendors a grounding in core budgeting and procurement practice specific to facility management. The course works through budget planning, vendor evaluation, and procurement basics, then puts delegates through managing a facility budget with real cost trade-offs. This is practical financial management for facility professionals
Key Takeaways
1
Build a facility management budget grounded in realistic cost categories
2
Evaluate vendors on criteria that protect both cost and service quality
3
Apply procurement basics specific to facility service contracts
4
Make and justify cost trade-off decisions within a fixed budget
5
Manage facility finances with greater confidence and less second-guessing
Certifications
LEORON - Professional Development Institute
LEORON is the leading corporate training and EdTech company in the EMEA region, with the most comprehensive learning and development solutions in all strategic corporate functions, including Corporate Finance, HR, Procurement and SCM, Technology, Quality, Operations and Engineering. Through instructor-led sessions, in-company training, and coaching, our faculty of experts deliver over 1200+ programs annually, while 25,000+ professionals are equipped with up-to-date relevant education and the latest tech solutions across the EMEA region.We help our valued clients with a wide range of services, including Training Needs Analysis, Competency Development and Assessment, and custom-built e-Learning solutions that cater to specific industries and knowledge areas.LEORON mission remains boosting competitiveness of our clients worldwide through continuous learning, while we strive to achieve our vision of becoming the best quality corporate training and EdTech Company in the EMEA and the world.Whether our clients are facing difficulties re-organising their brand, equipping their workforce with an extra set of skills or aiming to assess competencies within an existing structure, our development planning is a great solution.LEORON’s mission is to help our worldwide clients boost their competitiveness by improving the competency levels of their employees, through top quality training and development solutions delivered by unrivaled global experts and facilitated by the best training managers in the industry.
Course Outline
1. Budget planning fundamentals for facility management
2. Vendor evaluation criteria and selection process
3. Procurement basics specific to facility contracts
4. Managing cost trade-offs within a fixed budget
5. Exercise - managing a facility budget with real trade-offs
Who Should Attend?
This course is designed for facility managers who handle budgets and vendor relationships and want a stronger grounding in the financial side of the role. It is particularly relevant for those without formal financial training who are nonetheless accountable for facility spend.
FAQ
How does this connect to the Facility Management Professional certification?
This course covers financial management skills within that broader five-plus-day IFMA-aligned FMP program.
Is this suitable for facility managers without a finance background?
Yes, the course is built specifically for facility managers without formal financial training.
What kind of trade-offs does the exercise involve?
The exercise presents realistic budget constraints that force delegates to prioritize between competing facility needs, mirroring real operational pressure.