Facility & Asset Management Acronyms

This article is intended to be useful for folks new to the asset and facilities management field or as a reminder to veteran. This quick reference tool can be saved to your favorites and for easy access. Since acronyms can have many meanings, this should save you some time by finding the most likely meaning in the facility/asset context and avoid the inevitable acronym confusion.

For more depth click the link next to the associated article on Wikipedia, or other source. The eSSETS team will update this list from time to time. Suggestions for additions are welcomed and appreciated.

Facility & Asset Management Acronyms

Acronym/TermStands for/definitionComments, References
ADAAmericans with Disabilities Act (of 1990)Wikipedia
ADAAAADA Amendments Act (of 2008)Wikipedia
ADRAlternative Dispute ResolutionWikipedia

ASHREAmerican Society of Heating, Refrigeration & Air Conditioning EngineersASHRAE.org
ASMEAmerican Society of Mechanical EngineersASME.org
ASTMAmerican Society for Testing and MaterialsASTM.org
BASBuilding Automation SystemWikipedia
BIMBuilding Information ModelingWikipedia
BOMABuilding Owners and Management Associationwww.boma.org
BRIBuilding-Related IllnessMerriam-Webster, Aerias
CAFMComputer-Aided Facility Management


CBMCondition Based Maintenance (when the need arises)Wikipedia
CMMSComputerized Maintenance Management System - a somewhat archaic label for maintenance management software.


COBIEConstruction Operations Building Information ExchangeBuilding Smart Alliance, see also BIM
DDCDirect Digital ControlWikipedia
DMAICDefine, Measure, Analyze, Improve, ControlWikipedia
DWGDrawing file extension. Most common CAD (Computer Aided Design) file format, used by AutoCADWikipedia
EIFSExterior Insulation Finishing SystemWikipedia (not stucco)
EAMEnterprise Asset Management - Like eSSETS software, this term covers asset management, facility management, maintenance management, CMMS, CAFM, asset tracking, request tracking, and more.https://en.wikipedia.org/wiki/...
EMSEnergy Management SystemWikipedia
FARFloor Area RatioWikipedia (aka FSR, FSI)
FMEAFailure Modes and Effects AnalysisWikipedia
FMECAFailure Mode, Effects and Criticality AnalysisWikipedia
GMPGuaranteed Maximum PriceWikipedia (aka Not-To-Exceed Price, NTE or NTX
HEPAHigh-Efficiency Particulate AirWikipedia (a type of air filter)
HVACHeating, Ventilation & Air ConditioningWikipedia
IAQIndoor Air QualityWikipedia
IFBInvitation for BidWikipedia, see also RFQ
IFMAInternational Facilities Management AssociationIFMA
KPIKey Performance IndicatorWikipedia
MSDSMaterial Safety Data SheetWikipedia
MTBFMean Time Between FailureWikipedia
OEMOriginal Equipment ManufacturerWikipedia (be careful with this one)
OSHAOccupational Safety and Health AdministrationWikipedia, www.osha.gov
PDCAPlan, Do, Check, Act (or Adjust)Wikipedia

Poka-yokeTo prevent mistakes (Japanese origin)Wikipedia
PPMPlanned Preventive Maintenance (or just PM for Planned Maintenance, or Preventive Maintenance). See also CBMWikipedia
RCFARoot Cause for AnalysisMaintenanceWorld
RCMReliability Centered MaintenanceWikipedia
RFPRequest for ProposalWikipedia
RFIRequest for InformationWikipedia
RFQRequest for QuotationWikipedia, see also IFB
ROIReturn on Investment - a management term every FM should understand in order to get projects funded. One of the best investments an FM can make is to subscribe to eSSETS Software-as-a-Service!Wikipedia, eSSETS.com
RPNRisk Priority Numbersee FMEA
RTFRun To Failure (run it until it breaks down)LinkedIn post by Christian Martin Baaner
SBSSick Building SyndromeWikipedia
SLAService Level AgreementWikipedia

VAVVariable Air VolumeWikipedia

About the Author

Paul W. Roberts, eSSETS founder and CEO, has led business software projects and companies for over twenty-five years. Focus areas have included service and maintenance management, inventory control, project management, document management, and accounting applications.

Editing and additions provided by my associate: Randall R. Smith, JD, RPA. Randall has been a facilities and property management executive at three publicly held companies; FedEx Freight, American Freightways and O'Reilly Automotive.

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