Though sport is the focus of such ventures, experience in security or transport requirements, press operations, accommodation and catering, cleaning and waste management are valuable in different settings too.

ECONOMIST: The Olympic legacy

The various hypothetical scenarios include whether Mr. Blankfein should resign, whether there should be a broader house-cleaning of top Goldman management or whether to separate the chairman and CEO posts now held by Mr. Blankfein.

WSJ: What-Ifs for Goldman Sachs

So they will no longer include what is known as soft facilities management, or contracts for catering, cleaning, security and IT.

BBC: PFI becomes less private

Portfolio management involves risk management, but it might also take a little house cleaning to stay on track.

FORBES: Ten Tips To Clear Your Portfolio's Dead Weight

Management costs refer to property level expenses, such as utilities, cleaning, taxes, etc. as well as any costs to manage the property.

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