Asset and Facility Management with BIM:
Glossary of Key Terms

1. Asset Management (AM)
   The systematic process of developing, operating, maintaining, upgrading, and disposing of assets cost-effectively.
2. Facility Management (FM)
   The coordination of physical workplace environments with the people and work of an organization. It encompasses multiple disciplines to ensure functionality, comfort, safety, and efficiency of the built environment.
3. Building Information Modeling (BIM)
   A digital representation of physical and functional characteristics of a facility, serving as a shared knowledge resource for information about a facility.
4. BIM Asset Management
   The management of physical assets within a built environment using BIM technology, including asset tracking, maintenance scheduling, and lifecycle management.
5. BIM Facilities Management
   The use of BIM technology to optimize the operation and maintenance of facilities, including space management, energy efficiency, and occupancy planning.
6. Lifecycle Management
   The management of assets or facilities throughout their entire lifecycle, from planning and design to construction, operation, maintenance, and disposal.
7. Digital Twin
   A virtual representation of a physical asset or system that enables real-time monitoring, analysis, and simulation of its performance.
8. IoT (Internet of Things)
   The network of physical devices, vehicles, and other items embedded with electronics, software, sensors, actuators, and connectivity, enabling them to collect and exchange data.
9. Sustainability Analysis
   The assessment of environmental impacts, energy efficiency, and lifecycle costs of building designs to optimize sustainability and reduce environmental footprint.
10. Regenerative Design
    A design approach that aims to create buildings and environments that actively contribute to ecological restoration and resilience.
11. Clash Detection
    The process of identifying and resolving conflicts or collisions between different building components in a BIM model.
12. Parametric Design
    A design approach that uses parameters and constraints to define and control the relationships between elements within a model.
13. Cloud-Based Collaboration
    Collaboration facilitated through cloud computing, allowing users to access, share, and collaborate on BIM models from anywhere with an internet connection.
14. AI (Artificial Intelligence)
    The simulation of human intelligence processes by computer systems, including learning, reasoning, and self-correction.
15. Machine Learning
    A subset of AI that enables computers to learn from data and improve performance on specific tasks without being explicitly programmed.