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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 | 17/09/2019
Lease Accounting

Lease accounting software manages a company’s leased real estate properties, assets and equipment, enabling compliancy with financial lease accounting reporting regulations such as IFRS 16 and ASC 842. 

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Glossary | 16/09/2019

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

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Glossary | 14/05/2019
Property Management Software

Understand the role of Property Management Software and how the automation of processes and use of best practice can support an effective real estate strategy. 

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Glossary | 10/12/2018
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 | 20/09/2018
Space Management

Space management involves the management of an organisation’s physical space inventory. Think about accurate tracking of how much space an organisation has, managing occupancy information, and creating strategic spatial plans. 

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Glossary | 20/03/2018
FSM | Field Service Management

Field Service Management (FSM) includes the detection of a field service need through remote monitoring and process support of field technician interactions. 

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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 | 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 | 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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