asset management

coordinated activity of an organization to realize value from assets Note 1 to entry: Realization of value will normally involve a balancing of costs, risks, opportunities and performance benefits.Note 2

Read More »

BS EN ISO 19650-3:2020

Organization and digitization of information about buildings and civil engineering works, including building information modelling (BIM) – Information management using building information modelling Part 3: Operational phase of the assets

Read More »

Operations and Maintenance (O&M)

Describes the functions, duties, and labour associated with the operations of an asset, including repairs, replacement of parts and structural components, and other activities needed to maintain an asset.

Read More »

Project Information Model (PIM)

It is a term introduced in PAS 1192‑2: 2013 and ISO 19650 set of standards. It means any graphical or non-graphical information such as: Structured information, i.e.: schedules, costing and

Read More »

objective

results to be achieved The objective can be strategic or operational; it can relate to different disciplines such as financial, health and safety, or environmental. The targeted results can be

Read More »

asset

An asset is anything that has potential or actual value, whether a resource or a value that can be converted into capital. An organisation or individual expects the asset to

Read More »
Dictionary
Jarek Wityk

BS ISO 55000:2014

Asset management Overview principles and terminology The ISO 55000 standard integrates with other essential management systems by outlining definitions and terminologies for asset management. Published under the International Organization for

Read More »

BS 8536-1:2015

Briefing for design and construction Part 1: Code of practice for facilities management (Buildings infrastructure)

Read More »

BS 8536-2:2016

Briefing for design and constructionPart 2: Code of practice for asset management (Linear and geographical infrastructure)

Read More »

built asset

individual or multiple buildings (e.g. a site or campus) or infrastructure (e.g. roads, railways, pipelines, dams, docks, etc.) built as part of a construction project or where the asset information

Read More »

Built Environment

All forms of buildings (residential, industrial, commercial, hospitals, schools), all economic infrastructure (above and below ground) and the urban space and landscape between and around buildings and infrastructure3, as well

Read More »

Infrastructure

the structures that emphasize, organise and enable social functions. Individual units of infrastructure are known as assets. It is sometimes subcategorised into economic infrastructure, the networks of built assets that

Read More »

System of systems

A system of systems is a collection of many different systems, each with its own characteristics. [1] System theory assumes that certain underlying concepts and principles are applicable to different

Read More »

System of engagement

The System of Engagement is defined as a platform that manages supported digital engagement, of systems like Browsing, Web Chat, Messaging, videos (Facebook, WhatsApp, TEAMS, ZOOM, Signal, Slack, etc.), various

Read More »

Facility Data

The non-graphical information attached to objects in the Model that defines various characteristics of the object. Facility Data can include properties such as parametric values that drive physical sizes, material

Read More »

Digital Construction

The terminology such as digital built environment and smart asset management, often referred to as Digital Construction, encompasses multiple technologies and processes related to information or project management and the

Read More »

smart asset management

The terminology such as digital built environment and smart asset management, often referred to as Digital Construction, encompasses multiple technologies and processes related to information or project management and the

Read More »

Facility Lifecycle

This refers to the time span stretching from a building’s conception to demolition including the five distinctive phases (Planning, Design, Construction, Operations, and Disposition).1 1 The Massachusetts Port Authority, 2015.

Read More »

Golden thread

The (digital by default) record of predefined documents and building information required to ensure that the original design intent and any subsequent building changes are captured, preserved, and used to

Read More »

UK BIM Framework

The UK BIM Framework was developed by the UK BIM Alliance, BSI, and the Centre for Digital Built Britain associated with the Construction Industry Council (CIC) to implement international BIM

Read More »
On this page

    share this page