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FM & RE terms and definitions

Planon’s FM glossary provides free resources to help you navigate through real estate and facility management industry words, phrases, and acronyms.
Glossary | 04/08/2017
IoT | Internet of Things

The Internet of things is the network of dedicated physical objects (things) that contain embedded technology to sense or interact with their internal state or external environment. The IoT comprises an ecosystem that includes things, communications, applications and data analysis. 

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Glossary | 19/06/2017
Enterprise Asset Management

Enterprise Asset Management is the entire lifecycle management of the physical assets of an organisation such as buildings, installations, infrastructure and real estate assets. 

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Glossary | 13/02/2017
Lease Accounting

Lease accounting software manages a company’s leased real estate properties, assets and equipment, enabling compliancy with new financial reporting regulations such as IFRS 16. 

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Glossary | 02/11/2016
IWMS | Integrated Workplace Management Systems

Integrated Workplace Management Systems (IWMS) are software solutions that enable executives and managers to reduce facility management costs significantly and increase business productivity, compliance, and transparency. 

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Glossary | 01/11/2016
CAFM | Computer Aided Facility Management

CAFM software enables facility managers in relation to space and move management, reactive and planned maintenance, operational facility services and more. 

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Glossary | 31/10/2016
Facility Management Software

Facility Management (FM) software is designed to enable more effective and efficient planning, execution, and reporting of all facility processes. 

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Glossary | 30/10/2016
Property Management Software

Software solutions for property and RE professionals for the efficient management of residential housing, hotels, and commercial or corporate real estate. 

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Glossary | 29/10/2016
Planned Preventative Maintenance

Planned preventative maintenance (PPM) can be time or condition-based and allows you to reduce reactive maintenance and associated costs for your buildings. 

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Glossary | 28/10/2016
Workplace Management

Workplace management involves all facilities, assets, services, technology, and processes needed to provide the best environment for employees to be productive. 

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Glossary | 27/10/2016
CMMS | Computerised Maintenance Management System

Computerised Maintenance Management System (CMMS) software supports maintenance planners, engineers, real estate owners, and service providers to ensure streamlined and compliant execution of work. 

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Glossary | 26/10/2016
Service Management

Service Management aims to improve customer relationships and overall care, while also helping to reduce costs associated with providing those services. 

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Glossary | 26/10/2016
BIM | Building Information Modelling

Building Information Modelling (BIM) is a digital representation of the physical and operational components of a building to aid in construction and beyond. 

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