A facility manager, through other departmental heads, should know what requires improving and what requires replacing within the facility. Such knowledge forms the basis of budgetary allocation. He faces the challenge of creating a balance between the facility's resources and its needs. He needs to maintain the cost of production and maintenance of the facility at a minimum in order to realize a higher profit margin. In the case of shared infrastructure, such as virtual-resources, organizations should design schemes where participant agencies' bids determine resource-sharing contracts, letting an agency's bid determine the amount of resources and time allocated to it.
The cost of goods or services provided is set according to the quality, target market and cost of production. A facility manager should make sure that the cost of products offered matches this criterion. He should ensure that the cost of the product covers the cost of its production, at the same time providing profit to the facility. However, the price shouldn't be too high for the intended market. Some facilities, such as water collection and treatment facilities, price their commodities in accordance to the season of the year. During dry seasons, the price of effluent is higher than during the rainy season.
A facility maintains a good appearance to attract investors, regardless of the trade it deals in. Firms, businesses or factories therefore employ people to hold managerial positions as well as cleaning and security staff. Facility managers need to adhere to the minimum wage set by the government when setting wages for their employees as well as themselves. This can be a rather difficult task, as you need to ensure that the salaries offered are reasonable and at the same time ensure that the facility is making a profit. With a rising cost of living, wage-related strikes are common scene in facilities all over the world.
The saying "you have to spend money to gain money" comes to life when it comes to attracting investors. Facility managers need to deliberate on the methods to use when attracting investors, keeping in mind the facility's financial ability. The method used, be it advertising or sales promotions, should represent the facility in the best possible image without depleting the facility's financial kitty.