Glossary | 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 | 07/30/2020
Facility Management Software

Facility Management (FM) software optimizes management of facility processes by improving planning, simplifying procedures, reducing costs and enhancing reporting. 

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Glossary | 04/02/2020
IWMS | Integrated Workplace Management Systems

Integrated Workplace Management System (IWMS) is a software solution that enable executives and managers to reduce facility management costs and increase business productivity, compliance, and transparency. 

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Glossary | 12/02/2019
CMMS | Computerized Maintenance Management System

Computerized 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 | 11/11/2019
Campus Management

Real estate and facilities management professionals are turning to integrated campus management solutions to enhance the learning experience and environment they provide to campus users. 

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Glossary | 09/17/2019
Lease Accounting

Leasing is a common financial solution that enables companies to use real estate properties, assets and equipment without initial investments and large initial cash outflows. Leasing is also a common practice to increase portfolio flexibility. 

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Glossary | 05/14/2019
Property Management Software

Property management software supports the automation of processes like portfolio management, transaction management, lease management, and (capital) project management for real estate owner and occupiers. 

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Glossary | 09/20/2018
Space Management

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

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Glossary | 03/20/2018
FSM | Field Services 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 | 08/04/2017
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 | 06/19/2017
EAM | Enterprise Asset Management

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

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Glossary | 10/09/2016
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 | 10/06/2016
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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