Introduction
Within our documentation, some content might be specific for cloud deployments while other content is relevant for on-premises deployments. Any content that applies to only one of these deployments is labeled accordingly.
Note: The instructions and information presented in the documentation are based on an out-of-the-box (OOTB) setup and before being customized by the user.
The Facility and Asset Lifecycle Management (FALM) solution integrates the following core functional areas within an enterprise:
- Real estate portfolio management: This area involves activities associated with the acquisition (including purchase and lease), financial management and disposition of real property assets. Common features that support real estate management include strategic planning, transaction management, request for proposal (RFP) analysis, lease analysis, portfolio management, tax management, lease management, and lease accounting.
- Capital project management: This area involves activities associated with the design and development of new facilities and the remodeling or enhancement of existing facilities, including their reconfiguration and expansion. Common features that support capital project management include capital planning, design, funding, bidding, procurement, cost and resource management, project documentation and drawing management, scheduling, and critical path analysis.
- Facilities management: This area covers activities related to the operation and optimized utilization of facilities. Common features that support facility management include strategic facilities planning, space management, site and employee service management, and move management.
- Maintenance management: This area covers activities related to the corrective and preventive maintenance and operation of facilities and assets. Common features that support maintenance management include asset management, work requests, preventive maintenance, work order administration, warranty tracking, inventory management, vendor management and facility condition assessment.
- Sustainability and utilities management: This area covers activities related to the measurement and reduction of resource consumption (including energy and water) and waste production (including greenhouse gas emissions) within facilities. Common features that support sustainability and utilities management include integration with building systems, sustainability performance metrics, utilities benchmarking, carbon emissions tracking, and energy efficiency analysis.
Facilities and Asset Management (FAM)
If you have access to the Facilities and Asset Management feature, it helps enterprises streamline the processes of managing their facilities and real estate capital through:
- Portfolio Management
- Cost Management and Budgeting
- Vendor and Contract Management
- Asset Lifecycle Management
- Maintenance Management
- Material Inventory Management
- Space Management
- Facility Condition Management
- Lease Management
- Transaction Management
- Real Estate Data Management
- Utilities Management
- Sustainability Management
Last Published Tuesday, June 17, 2025