Integrated Workplace Management System – A comprehensive software that helps businesses manage their built environment. Often called the “Jack of all trades”, an IWMS handles real estate, facility and space management, maintenance management, project management and sustainability.
Indoor Air Pollutants – This includes indoor air contaminants such as smoke, formaldehyde, and carbon monoxide.
Key Performance Indicators – a metric used to evaluate actions critical to the success of an organization.
Life Cycle Costs – The total expense associated with an asset.
Post-Occupancy Evaluation – Gathering feedback from former occupants about the building’s performance.
Sick Building Syndrome – Situations where facility occupantsexperience illness directly related to time spent in a specific building.
Strategic Facility Plan – an overall framework outlining a 2-5 year strategy based on overall business objectives.
Join us as we take the mystery out of the world of facilities management.To discover more about facilities management acronyms,check out our beautiful new infographic:The ABCs of Facilities Management!