Within these areas a wide array of financial analysis and decision-making principles and tools can be applied to FM. Facility renovation projects are always competing for capital dollars with other departments’ projects. Facility managers constantly evaluate the best buy between competing alternatives. Difficult repair or replace decisions need to be made before a costly repair is autho- rized. The return on investment for a new database or computer-integrated facility management (CIFM) system needs to be detailed. Many other facility applications require financial analysis and management skills.