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Asset Management Glossary

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A
Abandonment
Abatement
Abnormal Ageing
Abnormal Deterioration
Abrasive Wear
Abuse
Accelerated Aging
Accelerated Deterioration

Acceptance Criterion
Accessibility
Accident
Accrual Method
Accrued Funds
Accrued Interest
Accuracy
ACM
Act of Nature

Action Types
Active Work Order
Actual Age
Actuarial Reinvestment Model
Actuarial Table
Ad Hoc
Adaptation
Adaptive Renewal
Adequate
Adequate Reserve

Administrative Context
"Adolescence" Lifecycle Stage
Adjustment
"Adulthood" Lifecycle Stage
A/E
Aesthetics
Aesthetic Obsolescence
After Sales Service
Age
Age-Based Maintenance
Age-Based Replacement Policy (ARP)
Age-Class Analysis
Age Class Distribution
Age Cohorts
Age-Condition Matrix
Age Distribution by Building
Age Preventive Replacement Policy
Ageing
Ageing Facility
Ageing Management
Ageing Mechanism
Age-Life Analysis
Age Profile

Available Hours
Average-Age-at-Replacement

"Average" Performers
Average Remaining Life
Average Service Life
Awareness (Maturity Level)

Age-Reinvestment Matrix
Age Validation

Agreement
Aim-Ready-Fire
Air Space Parcel (ASP)
Alerts
Algorithmic Models
Alignment
Allocated Interest
Allowances
Ameliorate
Amended Budget
Amortized
AMP
AMS
Annual Budget
Annual Contribution
Annual General Meeting (AGM)
Annual Increase
Annualized Component Renewal Cost
Annualized Cost
Annual Review
Anomaly
Appropriation
Appropriation Request
Approved Budget
APRA
Archive
Archive Files
Artifact
Artifact Library
Artifact Map
Artificial Ageing
ASHRAE
Aspirational-Transactional Hierarchy
Assembly
Assessment
Assessment Cycle
Assessment Match

Assessment Mix
Assessment Sample

Assessment Team
Asset

Asset Age Distribution
Asset Backlog
Asset-Centric
Asset Class

Asset Class - Airports
Asset Class - Energy Utilities
Asset Class - Facilities
Asset Class - Fleet
Asset Class - Hospitality
Asset Class - Information Technology
Asset Class - Natural Assets
Asset Class - Parks & Recreation
Asset Class - Ports & Harbours
Asset Class - Public Safety
Asset Class - Residential
Asset Class - Roads & Bridges
Asset Class - Solid Waste
Asset Class - Transit
Asset Class - Liquid Waste
Asset Class - Stormwater
Asset Class - Water
Asset Classification

Asset Condition Risk (ACR)
Asset CRV
Asset Downtime
Asset Equilibrium
Asset Functional Impact (AFI)

Asset Functional Status (AFS)
Asset Functionality Index
Asset Hierarchy
Asset Inventory
Asset Life Cycle
Asset Management
Asset Management Anatomy
Asset Management Body of Knowledge (AMBOK)
Asset Management Council
Asset Management Framework
Asset Management Landscape
Asset Management Maturity Framework
Asset Management Network
Asset Management Objectives
Asset Management Office
Asset Management Plan (AMP)
Asset Management Policy
Asset Management Pyramid
Asset Management Roadmap

Asset Management Strategy
Asset Management System (AMS)
Asset Management Framework
Asset Manager
Asset Prioritization
Asset Priority Index
Asset Rate
Asset Rationalization
Asset Register
Asset Replacement Policy

Asset Strategic Importance (ASI)
Asset System
Asset Utilizaton Index (AUI)
Asset Value
Associate Reserve Planner (ARP)
Assocation of Asset Management Professionals (AMP)
Assumption
Assurance
ASTM E-1557
ASTM E-2018
ASTM E-2495
ASTM Uniformat II
Authorities and Accountabilities (A2)
Authorities Having Jurisdiction
Automated Condition Monitoring
Automated Rollover
Autonomous Maintenance
Available Funds

B
Back-End Costs
Back-End Loaded
Backlog
Backlog Confidence Level
Backlog Deterioration (Rate)
Backlog Distibution by Building
Backlog Distribution by Priority
Backlog Level
Backlog Plasticity
Backlog Projection Model
Backlog Reduction (Reserves)
Backlog Reduction (DM)
Backlog Reserve
Back of House
Balance Sheet
Band Aid
Base Building
Base Date
Base Rent
Base Year
Baseline Database
Baseline FCI
Baseline Funding Model

Bathtub Curve
Bathtub Failure Pattern
Battery Renewals
Behind the Horizon
Bell Curve
Benchmark
Benchmark Analysis
Benchmark Calculations
BEPI
Best Case
Best Practice
Beyond Economic Repair (BER)
Beyond the Horizon
Bias
Bill of  Materials
BIM
"Black Plant" Testing
Blended Age
BLIS
Block Replacement Policy
Board of Directors
Bolster Levy
BOMA - Building Owners and Managers Association
Book Value
Bottom-Up Assessment
Bottom-Up Backlog Calculation
Bottom-Up Estimate
Bounded Asset
Bounding

Breakdown
Breakdown Maintenance
Broad Group
BS 7543
Budget
Budget Shortfall
Budgeting
Building
Building Asset Management
Building Condition Index
Building Cost Model
Building CRV
Building Energy Performance Index (BEPI)
Building FCI
Building Information Model
Building Life by Occupancy Type
Building Life by Construction Material

Building Life Cycle
Building Replacement Cost
Building Reproduction Cost
Building Component Renewal Program
Building System Renewal Program
Building Space Renewal Program
Building Reinvestment Strategies
Building Renewal Program/Strategy
Built Assets
Bundled Life
Bundling
Business Case
Business Continuity Plan
Bylaws

C
CAFM
Calendar Age
Calendar-Based Maintenance
Calendar Year
Call-back
CAM - Common Area Maintenance
Camera Scoping Survey
CAMP
CAMRA
Cannibalized
Cannibalized Asset
CAPA
Capacity
CapEx Mix
CapEx-OpEx Spillover
Capital Allocation
Capital Appropriation Request
Capital Asset
Capital Asset Management (CAM)
Capital Asset Mgmt Framework (CAMF)
Capital Asset Mgmt Plan (CAMP)
Capital Budget
Capital Consumption Index (CCI)
Capital Consumption Rate (CCR)
Capital Contribution
Capital Cost
Capital Cost Threshold
Capital Expenditure (CapEx)
Capital Expenditure Mix
Capital Funding
Capital Improvement Program

Capital Improvement Project
Capital Intensive
Capital Lease
Capital Load (CLc, CLf)
Capital Load Model
Capital Needs Assessment
Capital Outlay
Capital Plan
Capital Planning
Capital Project
Capital Reinvestment Index
Capital Reserve
Capital Reserve Backlog
Capitalization Threshold
Care
Care Sector
Caretaker
Carry Forward
Cascading Effect
Cash Flow
Cash Flow Method
"Casual Inattention"
Catch-up Costs
CER - Cost Estimating Relationship
Certificates
Certification
Certified Asset Management Assessor (CAMA)
Certified Maintenance & Reliability Professional (CMRP)
Certified Reliability Engineer (CRE)
Certified Reliability Leader (CRL)
Certified Reserve Planner (CRP)
Challenger Asset
Change In Use
Change Management
Change Management Plan
Checklist

"Childhood" Lifecycle Stage
Chronological Age
Chronology
CIRC
Class
Class "A" Estimate
Class "B" Estimate
Class "C" Estimate
Classes of Estimates
Classification

Clayton Copula
CLc
CLf
Client-facing Asset
Climate Zone
Clock Based Maintenance
CLOS
Closed Work Order

Closing Balance
CMMS
CMRP
CNA
Code Review
Code Upgrade
CoF
Coincident Indicator
Collaborative Study
Collateral Damage
Colour Schedule
Comfort
Commercial Off the Shelf Software (COTS)
Commission
Commissioning

Commissioning Agent
Committed Funds
Common Area

Common Area Maintenance (CAM)
Common Cause Failure
Common Property
Communication Plan
Competence Management
Complete Failure
Compliance (Software)
Component (Financial)
Component (Physical)
Component Inventory
Component Level Assessment
Component Method

Component Reserve
Comprehensive Project
Comprehensive Stewardship

Computer Aided Facility Management (CAFM)
Computerized Maint. Mgmt System (CMMS)
Concealed Conditions
Concept Model
Concern
Condition
Condition-Age Matrix
Condition Assessment
Condition Assessment Framework
Condition Assessment Methods
Condition-Based Depreciation
Condition-Based Maintenance (CBM)
Condition-Based Replacement Policy
Condition-Dependent Maintenance
Condition-Directed Maintenance
Condition-Distribution by Building
Condition Drift
Condition-Energy Matrix
Condition Grades
Condition Independent Maintenance

Condition Index
Condition Indicator
Condition Monitoring
Condition-Priority Matrix
Condition Rating
Condition Scale
Condition Spectrum
Condition Standard
Condition-Time Correlation
Condition Trending
Condo Dues
Consequences of Failure (CoF)
Constants
Constant Dollars
Constant Dollar Estimate
Constant Interval Replacement Policy
Construction Year

Consultant

Consulting Team
Consumed Age
Consumed Life
Consumer Protection

Consumption Index
Contact List
Contamination
Context of the Organization
Contingency

Contingency Fund
Contingency Planning
Continuous Commissioning
Continuous Improvement

Continual Demand
Contracted Maintenance
Contractor
Contractor Maintenance Checklist
Contribution
Controllable Costs
Controllable Deterioration Drivers
Conventional-to-Addressable Retrofit
Conversion
Conveyor System
Copula
Copula Cente Point
Copula Front
Copula Gap
Copula Trend Line
Copula Tail
Copula Concentration
Corporate Memory
Corporate Plan
Corrective Action
Corrective Maintenance
Correlation
Corrosion
Cosmetic Deficiency
Cost
Cost-Benefit Analysis
Cost Control
Cost Distributions
Cost Efficiency
Cost Estimating Relationships (CER)
Cost Guide
Cost Model
Cost of Ownership
Cost of  Reproduction New (CRN)
Cost of Repr. New Less Exclusion (CRNx)
Cost in Use
Cost per Models
Cost per Person Model
Cost per Square Foot
Cost per Unit
Cost Sharing (formulas)
COTS
Course of Action
Covert Failure
Cradle to Grave
Crawl-Through Assessment
Crisis Response
Critical
Critical Asset
Critical Component
Criticality Analysis
Criticality Index (CI)
Criticality Matrix
Critical Year
CRE
CRL
Cross-Impact Matrix
CRV
CSA 1986-95
Culture of the Organization
Current Asset
Current Costs
Current Dollar Estimate
Current Dollars
Current Funding Level
Current Replacement Cost
Current Replacement Value (CRV)
Current Reserve
Current State Analysis
Current Value (CV)
Current Year
Current Years Dollars
Current Years Dollars Continuous
Current Years Dollars Termed
Currently Critical
Curve Shape
Curves
Custodian
Custodian of the Plan
Customer Level of Service (CLOS)
CV
Cycles
Cyclical Renewal
"Cycling"


D
Damaged
Data
Data Collection
Data Collection Techniques
Data Confidence
Data Management
Database
Data Rationalization
Date Stamps
Decanting Structure
Decision
Decision Maker
Decision Making
Decision-Making Styles
Decision Matrix
Decision Support Tool
Decision Theory
Decision Tree
Declining Balance Method
Decommission
De-energized Service
Default Date
Defect
Defective on Arrival (DOA)
Defender (Asset)
Defender and Challenger Analysis
Defensible
Deferred Maintenance (DM)
Deferred Maintenance Reduction
Deficiency
Deficiency Category
Deficiency Density
Deficit
Degradation
Degradation Curve
Degradation Model
Delayed Start Cycle
Deliverable
Deliverables-Purpose Matrix
Delta FCI
Demand Analysis
Demand Condition
Demand Maintenance
Demand Management

Demand Work Order
Demonstrated Effectiveness (Historical Performance)
Denominator (Formula)
Denominator Plasticity
Density of Deficiencies
Department, Accounting & Finance
Deparment, Human Resources
Department, Maintenance
Department, Production
Department, Research & Development
Department, Sales and Marketing
Dependent Cycles
Deploy
Depreciating Assets
Depreciation
Depreciation Curves
Depreciation Report
Depreciation Reserve Study
Designated Reserve Planner (DRP)
Design Life
Desktop Assessment
Destructive Testing
Detailed Report
Deterioration
Deterioration Model
Deterioration Rate
Deterministic Curve
Developer
Deviation
Diagnosis
Diminished Life
Direct Distress-Metric
Disassemble
Disclaimer
Disclosure
Discounted Cash Flow
Discounted Payback (DPB) Period

Discounted Rate of Return
Discounting

Discretionary
Discretionary Maintenance
Disjointed Incrementatism
Dispersion
Disrepair
Disruption
Distress
Distress-Based Metrics
Distribution by Age
Distribution by Condition (FCI)
Distribution by Energy (BEPI)
Distribution by Priority (MDI)
Distribution by Size
Distribution by Type/Class
Distribution Curve
Disrepair
Disruption
Disturbance
DM
DOA
Docket
Document
Document Review
Document Storage
Door-in-the-Face Technique
Dormant
Double Counting
Double Declining Balance
Downstream (relationship)
Downtime
Draft Report
Drawings
Drawings Takeoff
DREAD
Drill Down
Drive-By Assessment
Duct Cleaning
Due Diligence
Durability
Durability Plan
Dye Testing
Dynamic Data
Dynamic Rollover

E
EAC
EAMS
Early Life Metrics
Early Start Year
Earmark
Easement
EBCx
ECM
Eco-Assets
Economic Context
Economic Life
Economic Obsolescence
Economy of Agglomeration

Economy of Scale
EFCI
Effective Age
Efficiency
EIM
ELc
ELf
Electrical Room
Electrical System
Electrical System Cost Analysis
Elegant Degradation
Emergency
Emergency Cost
Emergency Maintenance Task

Emergency Preparedness Plan

Empirical
Empirical Data
Empowerment
Enclosure System
Ending Balance
End-of-Life Year
Energy Audit Levels
Energy-Condition Matrix
Energy Conservation Measures (ECM)
Energy Cost Distribution
Energy Efficiency Distribution by Building
Energy Efficiency Measures
Energy Load (ELC, ELf)
Engineered Reserve Study

Engineering Economics
Enhanced FCA
Enhance LOS
Enterprise Asset Management System
Enterprise Information Model
Environmental Compliance
Environmental Context
Equal Life Group (ELG)
Equation
Equilibrium
Equipment
Equipment Codes
Equipment Hierarcy
Equivalent Annualized Cost (EAC)
Escalation Rate
Estimate
Estimate Parameter
Estimating Accuracy
Estimating Classes
Estimating Cost Models
Event
Event Probability Curve
Exclusions
Executive Order 13327
Executive Summary
Existing Building Commissioning (EBCx)
Expected Life
Expenditure Plan
Expense
Expense Classification
Expense Model
Experiential Knowledge
Expert System
Expiry/Expiration
Exposure
Exposure-Based Maintenance

Extended Facility Condition Index
Extended PF Interval
Extended Warranty
Extending Life
Exterior Recoatings
Extrapolation
Extrinsic Failure

F
Facelift
Facility
Facility Age Distribution
Facility Assessment Index
Facility Backlog
Facility Class
Facility Condition Assessment (FCA)
Facility Condition Index (FCI)
Facility Condition Rating
Facility Contact
Facility Life Cycle
Facility Life Cycle Planning
Facility Management
Facility Management Softeware (FMS)
Facility Manager
Facility Needs Index (FNI)
Facility Performance Evaluation (FPE)
Facility Prioritization
Facility Rate
Facility Recapitalization Rate
Facility Sustainment Model
Fading Asset
Failure
Failure Based Maintenance Policy
Failure Code
Failure Effect
Failure Free Operating Period (FFOP)
Failure Mode
Failure Rate
Failure Replacement Policy
Fair
"Fair" Funding level
Fair Market Value
Farsightedness
Fault
Fault-Tolerant Degradation
Fault Tree Analysis (FTA)
Fatigue
Fatigue Failure Pattern
FCA
FCA Services
FCI
FCI-Age of Building Correlation
FCI Comparison by Portfolio
FCI Delta
FCI Multi-Year Comparison
FCI, Normalized
FCI, Weighted
Feedback
Ferrography
FF&E
Fiduciary
Field Observations
Field Takeoff
FIMS
Final Report
Final Year
Financial Analysis
Financial Capacity
Financial Context
Financial Indices
Financial Rules of Thumb
Financial Statements
Finish No Earlier Than (FNET)
Finish No Later Than (FNLT)
Finish-to-Finish
Finish-to-Start
Finishes System 
Fire Safety System
Fiscal Responsibility
Fiscal Year
Fit and Forget
Fit Until Failure
Fitness for Service Evaluation (FFSE)
Fixed Assets
Fixed Interval
Fixed Interval - Clustered
Fixed Interval - Uniform
Fixed-Time Maintenance
Floating Interval
FMECA - Failure Mode, Effects & Criticality Analysis
FNLT
Foot-in-the-Door Technique
Force Majeur
Forces of Retirement
Forecast
Foresight
Formula
Foreward Workload
4-Tests Method
FPE
Frank Copula
Freehold-to-Leasehold Ratio
Frequency
Frequency Distribution
Front-End Costs
Front-End Loading
Front of House
Fuel Levels
Full Funding
Full Funding - Amortized
Full Funding - Lumpy
Fully Funded Model
Function
Function-driven Project
Function Method
Functional Categories
Functional Condition
Functional Failure
Functional Inconvenience
Functional Needs Assessment (FNA)
Functional Obsolescence
Functional Performance
Functionality
Functionality Assessment
Functionality Gap
Functionality Index (FI)
Functional Reserve Study
Fund Balance
Funding
Funding Analysis
Funding Envelope
Funding Goals
Funding Level
Funding Model
Funding Plan
Funding Projection Model
Funding Request
Funding Sources
Funding Trajectory
Future
Future Event
Future State
Future Value
Future Years Dollars/Costs

Future Years Dollars Termed
Future Years Dollars Continuous

FV

G
Gap Analysis
GASB 34
Gatekeeper
Geaslins Inverse Square Rule
Generalist Review
Geographical Information System (GIS)
Get Ahead Costs

Getting Past Global Minima
Getting to Local Maxima
GFMAM
Global Maxima
Global Minima

Goals
Good
"Good" Funding Level
Governance
Governance Framework
Grade of Estimate
Grant
Granularity
Gross Floor Area (GFA)
Guarantee
Gumbel Copula

H
Handover
Hard Cost
'Hard-Time' Maintenance
Harmonization
Harsh Environment
Heavy Traffic
Heavy Use

Hedonic Regression
Heritage conversion
Hidden Cost
Hierarchy of Data
High-Impact-Low-Probability (HILP)
High-Impact-High-Probability (HIHP)
High Priority
High-Priority-in-Good-Condition (HPGC)
High-Priority-in-Poor-Condition (HPPC)
Highly Probable Cost/Work
"High" Performers
High-Rise Building
HIHP
HILP
Hindsight
Historical Document
Historical Value
Hold Order
Hospitality Sector
Horizon
Hosting
Housekeeping
How?
HVAC
Hypothesis

I
IIMM
Immediate
Impaired
Impairment
Impairment Accounting
Impairment Study
Important
Important-but-Not-Urgent
Important-and-Urgent
Improvement
Improvement Initiative
Inaccessible
Inadequate Budget
Inclement Weather
Income & Expense Statement
Incomplete Event
Incremental
Incremental Cost
Incumbent
Independent Cycles
Index
Indicative Estimate
Indicator
Indirect Distress Metric
Industrial Sector
Inflated
Inflation
Inflation Factor/Rate
Inflection Point

Inflows
Information



Information Management
Information Meeting

Information Technology (IT)
Informed Decision
Infrastructure

Infrastructure Debt
Infrastructure Gap
Infrastructure Renewal
Infrastructure Renewal Plan
Infrastructure Shortfall
Infrequent
In-House
In-House Maintenance

Initial Study
Initial Year
Initiative
In Kind
Innocence (Maturity Level)
In-Scope Asset
In-Scope Facility
In Service
Insight
Inspections
Inspection Replacement Policy
Inspirational-Aspirational Hierarchy
Institute of Asset Management (IAM)
Insurable Loss
Insurance Deductible
Insurance Policy
Intangible Asset
Integrated Maintenance Solutions (IMS)
Integration
Interest Income
Interest Rate
Interfund Loan
Intergenerational Equity
Interim Retirement
International Infrastructure Management Manual (IIMM)
Interoperability
Intermittent Demand

Internal Rate of Return
Interval Censoring
Interval Method
Intervals
Intervention Matrix
Interviews
Intrinsic Failure
Invasive Inspection
Inventory
Inventory Management
Investment Costs
Investment Income
Investigation
Investment Income
Iowa Curve
I-P Interval
Irrepairable
Irreplacable
Iteration
ISO 15686
ISO 17021 and 17021-5
ISO 55001
IT

J
Job
Just-In-Time Replacement Policy



K
Keep-Up Costs
Keys Logs
Key Performance Indicator (KPI)
Knowledge
Knowledge Management
Knowledge Resource
Known Costs

KPI
Kurtosis
...

L
"L" Curve
"L" Mode Type Survivor Curve
Labour Cost
Lag Time
Lagging Indicator
Late Life Metrics
Late Start Year
Latent Defect
Latent Fault

Leadership
Leading Indicator
Lead Time
Lean Maintenance
Learning Curve
Leasehold-to-Freehold Ratio
Least Squares Method
Left Modal Curve
Legal Context
Legal Obsolescence
Lessee
Lessor
Level-1 Maintenance
Level-1 Study
Level-2 Maintenance
Level-2 Study
Level-3 Maintenance
Level-3 Study
Level of Assessment
Level of Effort
Level of Service

Levels of Assessment
Level of Investment
Life
Life and Valuation Estimates
Life Cycle
Life Cycle Audit
Life Cycle Cost (LCC)
Life Cycle Cost Analysis (LCCA)
Life Cycle Model

Life Distributions
Life Exchange Rate Matrix (LERM)
Life Expectancy
Life Expectancy Table
Life Prediction Agency
Life Prediction Technique
Lifespan
Light Traffic
Light Use
LIHP
LILP
Like for Like
Limited Common Property
Limiting Conditions
Line Item

Line Item Deficiencies
Linear Asset

Linear Foot
Linear Funding
Linear Method
Line of Sight
Living Document
Loading
Load Tests
Loan
Local Maxima and Local Minima
Log
Log Sheet
Logbook
Logarithmic Curve
Logarithmic Interval
Longevity
Logistics
Longitudinal Study
Long Life Asset
Long-Range
Longsighted
Long-Term Needs
Loss
Loss of Function
Loss Prevention
Low Capitalization Assets
Low-Impact-High-Probability (LIHP)
Low-Impact-Low-Probability (LILP)
Low Priority
Low Priority in Good Condition
Low Priority in Poor Condition
Low-Rise Building
Lumpy Financing/Funding
L-V-P Ratios


M
Machine Hours
Macro Assessment
Macro Cycles
MACRO Project
MAI
Maintain
Maintainability
Maintainable
Maintain LOS
Maintenance

Maintenance & Renewals Manual
Maintenance & Renewals Plan (MRP)
Maintenance Assessment
Maintenance Backlog
Maintenance Blocks
Maintenance Budget
Maintenance Categories
Maintenance Checklist
Maintenance Condition Matrix
Maintenance Constraints
Maintenance Contract
Maintenance Deficiency
Maintenance Department
Maintenance Drivers
Maintenance Free
Maintenance Free Operating Period (MFOP)
Maintenance Index
Maintenance Interval
Maintenance Interval Table
Maintenance Location Chart
Maintenance Logs
Maintenance Management
Maintenance Management Pyramid
Maintenance Management Software
Maintenance Management System
Maintenance Manual
Maintenance Mix
Maintenance Model
Maintenance Motivators
Maintenance Optimization Model
Maintenance Plan
Maintenance Policy
Maintenance Program

Maintenance Review
Maintenance Room
Maintenance Schedule
Maintenance Seasonal Checklist
Maintenance Significance Curves
Maintenance Spectrum
Maintenance Standard
Maintenance Stock
Maintenance Strategy
Maintenance Supplies
Maintenance Support Information (MSI)
Maintenance Tags
Maintenance Task
Maintenance Team
Maintenance-to-Repair Ratio
Maintenance-to-Replacement Ratio (MRR)
Maintenance Window
Maintenance Worthy Items (MWI)
Major Capital
Major Functional Distruption
Major Maintenance
Major Repair
Major Review
Major Risk
Malfunction
Managed Care
Management
Manual
Mortality Studies
Margin of Error
Marketing Budget
Market Value
Markov Chain
Master Plan
Material Cost
Materiality
Mathematical Reinvestment Model
Maturity Curve
Maturity Framework
Matrix

Maxima and Minima
MDI
Mean
Mean Down Time (MDT)
Means and Needs
Mean Time Before Repairs (MTBR)
Mean Time Between Failures (MTBF)
Mean Time Between Repair (MTBR)
Mean Time to Failure (MTTF)
Mean-Time-To-Repair (MTTR)
Mechanical Room
Mechanical System
Mechanical System Cost Analyses
Median
Median Service Life
Medium Life Asset
Medium Priority
Medium Range
Medium Risk
Meso Cycles
Methodology
Metric
Micro Cycles
Micro Economics
Mid-Life Metrics (Stage)
MIIP
Mild Environment
Mild Traffic
Mild Use
Minimal Repair

Minimum Balance
Minor Capital
Minor Functional Disruption (MFD)
Minor Maintenance
Minor Repair
Minor Review
Mission
Mission Alignment Index (MAI)
Mission Critical
Mission Critical Facility
Mission Dependency Index (MDI)
Mission-Dependent Facility
Mission-Independent Facility
Misuse and Abuse

Mitigation
Mixed Scanning
MMS
Mobilize
Modal Curve
Modal Year
Mode
Model
Moderate Dinginess
Modernization
Modified Age Replacement Policy (MARP)
Monitoring
Mortality Study
Mothballing
Motor Current Signature Analysis (MCSA)
Moving Averages
MRP (Maintenance & Renewals Plan)
MTBF (Mean Time Before Failure)
Multi-Disciplinary
Multi-variate Analysis
Multivariate Deterioration Model
Multi-Year FCI
Multi-Year Plan
Multiple Baselines
Multiple Straight Line Method
Multiplier
Multiplier Effect

Municipal Sector
MURB - Multi Unit Residential Building
MUSH Sector

N
Nameplate Data
Narrative Reporting
Narrow Dispersion/Distribution Pattern
National Infrastructure Report Card (NIRC)
Natural Assets
NDAP Asset Scenario 
NDHP Asset Scenario
NDPP Asset Scenario
Nearsightedness
Near Term
Near Term Priority
Near Term Recommendation
Need
Needs Index
Negative Aging
Negatively Skewed Distribution with Average Performing Asset (NSAP)
Negatively Skewed Distribution with High Performing Asset (NSHP)
Negatively Skewed Distribution with Poor Performing Asset (NSPP)

Negative Skewness
Neglect
Net Floor Area (NFA)

Net Lease
Net Present Value (NPV)

Net Present Value Modified (NPV*)
Next Event Year
No Affect
Nolan and Heap Curves
No Loss of Function
No Scheduled Maintenance
Non-Capital Cost
Non-Destructive Testing
Non-Discretionary
Non-Discretionary Maintenance
Non-Invasive Inspection
Non-Routine Maintenance
Non-Specialist Review
Non-Termed Model
Normal Copula

Norm(s)
Normal Deterioration
Normal Distribution
Normal Distribution with Average Performing Asset (NDAP)
Normal Distribution with High Performing Asset (NDHP)
Normal Distribution with Poor Performing Asset (NDPP)
Normal Operating Environment
Normal Operation State
Normal Retirement
Normal Use
Normalize
Normalized FCI

NPV
NSAP Asset
NSHP Asset
NSPP Asset
Nuisance
Numerator (Formula)
Numerator Plasticity

O
"O" Curve
02 Model
O&M Manuals
Objectives
Observed Life
Observed Life Table (OLT)
Obsolescence
Obsolescence Management
Occupancy
Occupied Winterization
OEE
Official Community Plan (OCP)
OLc
OLf
"Old Age" Lifecycle Stage
OMSI
On-Condition Maintenance (OCM)
On Hold (Project Status)
One Hoss Curve
One Time Event
Opening Balance
Operable Condition
Operating Budget
Operating Budget Threshold
Operating Conditions
Operating Costs

Operating Efficiencies
Operating Environment
Operating Expenses
Operating History
Operating Lease
Operating Load (OLc, OLf)
Operating Plan
Operating Standard
Operator Evaluation
Operating Inspection
Operational Horizon
Operational Plan
Operational Indices
Operations
Operations & Maintenance Support Information (OMSI)
OpEx
Opportunistic Maintenance
Opinion of Probable Cost (OPC)
Optimal Interval
Optimistic
Optimizing
Optional
Order
Order of Magnitude
Order Replacement Policy
Orderly Spotlessness

Ordinary Tidiness
Ordinary Use
Organization
Organizational Plan
Origin Modal Curve
Out of Design Event
Out of Service
Out-Scope Facility

Outflows
Outliers
Outlook
Outsourcing
Outstanding Work Order
Outage
Overall Equipment Efficiency (OEE)
Overall Plant Efficiency (OPE)
Overdue Maintenance
Overfunded
Overhaul
Overlapping Intervals
Overloading
Over-maintenance
Overshadowing
Oversight
Owner
Owner Group

P
PACER
Pacing
Pairwise Comparison
Panelboard Labels
Parameter
Parametric Assessment
Parametric Cost Estimate
Parametric Cost Model
Parametric Reinvestment Model
Parent-Child Relationship

Partial Loss
Parts
Parts Inventory
PAS 55
Past Event
Patent Defect
Pavement Condition Index
Payback
PCI
Peace of Mind
Pending Project
Penetration Placeholder
Percent Funded
Percent Good

Percent of CRV
Percent Surviving
Performance
Performance Curve
Performance in Use
Performance in Use Value

Performance Indicator (PI)
Performance Testing
Periodic Table of Asset Management (PTAM)
Permanent Repair
Pessimistic
PESTLE Analysis
P-F Curve
P-F Interval
Phased Development
Phase Dispersion
Phased Project
Physical Analysis
Physical Assets
Physical Condition
Physical Context
Physical Deterioration
Physical Life
Physical Needs Assessment (PNA)
Piecemeal
Piggy-Back
Pilot Assessment
Pilot Project
PIP
Placed in Service (Date)
Placeholder Asset
Placeholder Concern
Placeholder Cost
Placeholder Recommendation
Plan
Planned Maintenance
Planned Obsolescence
Planned Replacement
Planned Work Order
Planning Horizon
Planning Window
PNA
PoF
Poisson Distribution
Policy
Policy Maker
Political Context
Pooled Method
"Poor"
"Poor" Funding Level

"Poor " Performers
Portable Asset
Portfolio
Portfolio Average FCI
Portfolio Building FCI Comparison
Portfolio Condition-Priority Matrix
Portfolio Criticality Matrix
Portfolio FCI Distribution
Portfolio Manager
Positive Ageing
Positively Skewed Distribution with Average Performing Asset (PSAP)
Positively Skewed Distribution with High Performing Asset (PSHP)
Positively Skewed Distribution with Poor Performing Asset (PSPP)
Positive Skewness
Postdated
Post-F Period
Post Warranty Period
Potential Failure
Potential Life
Potential Project
PP&E
P-P-P
Prediction
Prediction Techniques (for life)
Prediction Techniques (for Potential & Functional Failure
Potentially Critical
PRA
Predictive Funding
Predictive Maintenance (PdM)
Predictive Testing & Inspection (PT&I)
Preliminary Budget
Preliminary FCI
Premature Ageing
Premature Failure
Premises
"Pre-Natal" Lifecycle Stage
Pre-P Period

Pre-Purchase Due Diligence
Present Value (PV)

Preservation
Preventative Maintenance
Preventive Replacement Policy
Primary Action
Primary Function
Primary Occupancy
Prioritization Techniques
Priority
Priority-Condition Matrix
Priority Criterion

Priority Index
Priority Levels
Priority Ranking
Priority Scale/Levels
Private Infrastructure
Proactive
Proactive Maintenance
Probability
Probable Life
Probability of Failure (PoF)
Probabilistic Model
Probabilistic Risk Assessment (PRA)
Probability Dispersion
Probability Distribution
Procedure
Process
Product Incentive Programs (PIP)
Professional Reserve Analyst (PRA)
Prognosis
Prognostics Preventative Maintenance Clock
Program
Program Budget
Program-Driven Project
Progressive Reserve
Project
Projected Concern
Projected FCI

Projection
Project Manager
Project Management
Project Prioritization
Projects, Capital
Proposed Budget
Pro Rata
Prospective Buyer
Protective Recoatings
Proximity (Time)
Proximity Load
Proximity Placeholder
Prudent
PSAB 3150
PSAP Asset Scenario
PSHP Asset Scenario
PSPP Asset Scenario
Public-Facing Asset
Public Infrastructure
Purchase Order
Purpose

Q
Qualified Person
Qualitative
Qualitative Maintenance
Quality

Quality Control
Quality of Maintenance
Quality Rating System (QRS)
Quantifiable Cost
Quantitative

Quantitative Maintenance
Quantity
Quantity Takeoff
Questionnaire


R
"R" Curve
R2-A2
RACI Matrix
Random Failure Pattern
Rank-Based Replacement
Rational
Rational Comprehensiveness
RbM
RCA
RcM
RCx
Reaching Life
Reactive
Reactive Funding
Reactive Maintenance
Readily Accessible
Readily Available
Readily Observable
Ready-Aim-Aim
Ready-Fire-Aim
Realistic
Real Time Status
Reasonable
Reasonable Wear and Tear
Re-assessment
Rebuild
Re-calculation
Re-capitalization Rate
Re-commissioning
Reconditioning
Recordkeeping
Recurring Cost
Redevelopment
Redundancy
Reference Documents
Refurbish
Regression Analysis
Regulated Maintenance
Regulatory Compliance
Rehabilitation
Reinvestment
Reinvestment Formulas/Models
Reinvestment Rate
Relay-to-Solid-State Retrofit
Reliability
Reliability Centred Maintenance (RCM)
Reliability Theory
Remaining Life
Remaining Life Depreciation Technique
Remaining Service Life
Remaining Useful LIfe (RUL)
Remodel
Remote Monitoring
Renew/Renewal
Renewal Date
Renewals Plan
Renewal Project
Repair
Repairable
Repetitive Elements
Replacement
Replacement Analysis
Replacement Cost
Replacement Logistics
Replacement Mix
Replacement Policy
Replacement Reserve
Replacement Reserve Backlog
Replacement-to-Maintenance Ratio
Replacement Year
Report
Reporting Interval
Representative Observation
Representative Sample
Reproduction Cost
Reputation
Required Funding Level
Required Reserve
Re-Roofing Project
Resale Value
Reserve Account
Reserve Adequacy
Reserve Allocation
Reserve Analyst
Reserve Backlog
Reserve Balance
Reserve Budget
Reserve Components
Reserve Contribution
Reserve Contribution History
Reserve Deficit
Reserve Excess
Reserve Expenditure
Reserve Fund
Reserve Fund Study
Reserve Gap
Reserve Life Index
Reserve Management Plan

Reserve Specialist
Reserve Study
Reserve Study Standards
Reserve Transfer

Residual Life
Residual Value
Resiliency Plan
Resolution
Resolution Time (Software)
Resource Allocations
Resourcing Plan
Response Time (Software)
Responsible Charge
Restore
Retired from Service
Retirement
Retirement Dispersion
Retirement Dispersion/Frequency Curve
Retirement Dispersion Pattern
Retirement Rate
Retirement Rate Analysis
Retired from Service
Retrofit
Retro-Commissioning (RCx)
Return on Assets (ROA)
Return on Investment (ROI)
Revenue Sources
Review
Revitalization
Rework
Right Modal Curve
Risk
Risk-Based Maintenance (RBM)
Risk Management
Risk Management Plan
Risk Matrix
Risk Register
Risk Tolerance
Risk Treatment and Control
Roles & Responsibilities
Roll-up
Room Code
Root Cause
Root Cause Analysis (RCA)
Routine Expenses
Routine Maintenance
RS
RSMeans

R-Squared
RTF
Rules of Thumb
Run Hours
Run to Failure
Running Cost


S
"S" Curve
SaaS
Safeguard
Safety
Safety Plan
Salvage Value
SALVO Project
SAM Tool
SAMP
Sample
SAP
Satisfaction Survey
Satisficing
Scatter Plot
Scenario
Scenario Analysis
Schedule
Scheduled Maintenance
Schedule of Documents (SODO)
Schedule of Contacts (SOCO)
Schedule of Equipment & Supplies
(SOES)

Schedule of Historical Events (SOHE)
Schedule of Isolation Points (SOIP)
Schedule of Logbooks & Service Reports (SOLS)
Schedule of Maintenance & Inspections (SOMI)
Schedule of Service Agreements (SOSA)
Schedule of Tags & Certificates (SOTC)
Schedule of Warranty Expirations (SOWE)
Scoping
Scrap Value
Seasonal Dependency
Seasonal Maintenance
Seasonal Winterization
Secondary Component
Secondary Function
Sections & Types
Sector - Hospitality
Sector - Manufacturing
Sector - Ports & Harbours
Sector - Oil and Gas
Sector - Water & Waste Water
Self-Assessment Methodology (SAM)
Self-Guided Maintenance
Self-Guided Assessment
Sensitive Areas
Sensitivity Analysis
Service Desk
Serviceability
Service Agreement
Service Call
Service Conditions
Service Contract
Service Environment
Service-in-Use
Service Level Agreement
Service Life
Service Life Agencies
Service Life Prediction Techniques
Service Life Table
Services
Services Matrix
Service Report
Service Tags
Servicing
Serviceability
Set
Set Theory
Shared Asset
Shelf Life
Shell Shocked
Sherwin-Dergis Formula
Shifting Horizon
Short Life Asset
Short Range

Short Repair
Shortsighted
Short-Term Needs
Showpiece Facility
Shutdown
Signage
Significant Asset

Significant Risk
Sign Out Sheet
Simple Payback (SPB Period
Single Baseline
Single Interval
Sinking Fund
Site
Sitework System
Size Distribution by Building
Skewed
Skewness
Slip

SMART Framework
Smoke & Gas testing
Smoothing
Social Context
Soft Costs
Soft Time Maintenance
Software as a Service (SaaS)
Software Application
Software Data System
Software Infrastructure
Software Platform
Software Requirements
SOCO
SODO
SOES
SOHE
SOIN
SOIP
SOLS
SOMI
SOP
SOSA
SOTC
SOWE
Space Planning
Spare Part
Special Assessment
Special General Meeting (SGM)
Specialist Review
Special Levy
Spreadsheets
Spreadsheets on Steroids
Stochastic
Square Foot
SRCM
SRM
Staff
Stages of Assessment
Stakeholders
Stakeholder Weighting
Standard
Standard of Care
Standard Deviation
Standard Operating Procedure (SOP)
Standards-Funding Correlation
Starting Balance
Start-to-Finish (STF)
Start-to-Start (STS)
State of Asset Management (SOAM)
State of Infrastructure (SOI)
State of Infrastructure Report (SOIR)
Static Data
Statistics
Statistical Assessment
Statutory Funding Model

Statutory Maintenance
Steady State (Scenario)
Stewardship
Standard(s)

Standard FCA
Status Quo
Status Report
Steady State
Stepped Funding
Stigmatized Property
Stochastic

Stochastic Interval
Stochastic Load
Stock
Straddle
Straight Line Curve
Straight Line Method
Stranded Cost
Strata Council
Strata Fees
Strata Plan
Strategic Asset Management Plan (SAMP)
Strategy
Strategic Horizon
Strategic Plan
Strong Funding Level
Structure of the Organization
Structural Repairs
Structural System
Study
Study Period
Style Obsolescence
Subjective Evaluation
Substantial Completion
Substantive Estimate
Sub-Tactical Plan
Sudden Failure
Summary Report
Sum of the Years Method
Summerization
Summerization Checklist
Sunk Costs
Supplies
Supply Chain
Support Infrastructure
Support (software)
Support Levels (software)
Sunk Costs
Surface Conditions
Surplus
Sustainability
Sustainability Plan
Sustainment
Survivor Curve
Sustainment
Swap Out
Sweat the Asset
SWOT Analysis
Symmetrical Dispersion
Symptom
Systems
System Backlog
System Condition Index
System Cost Analysis
System Cost Distribution
System Cost Model
System CRV
System-Driven Project
Systemic Failure
System Lead (Software)
Systems Level Assessment
Systems Review


T
24/7/365
Tabular Reporting
Tactical Horizon
Tactical Mix
Tactical Plan
Tangible Capital Assets (TCA)
Target Backlog
Targeted Project
Task
Taxation Rate
Taxonomy
TBL
TCA
TCO
T-Copula
Team Building
Team Lead
Teardown
Technical Audit
Technical Level of Service (TLOS)
Technological Context
Technological Life
Technological Obsolescence
Teething Process
Tell-tale Sign
Temporary

Temporary Repair
Termed Model
Terminal & Packaged Devices
Terminus Year
Testing
Textbook Life

Theory
Theoretical Data
Theoretical Life
Thermography
Threshold Funding Model
Threshold Cost
Threshold (Financial)
Threshold (Physical)
Threshold Method
Throwaway Maintenance
Time-Based Maintenance
Time Based Replacement Policy
Time in Service
Time to Re-instate (TtR)
Time to Value (TtV)
Time Value of Money

Timekeeper
Timeline
Timetable
Time to Value

TLOS
Tolk Formula
Tombstone Data
Top-Down
Top-Down Assessment
Top-Down Backlog Calculation
Top-Down Estimate
Top Management
Total Cost of Ownership (TCO)
Total Loss
Total Productive Maintenance (TPM)
Total Recordable Incidence Rate
Totex
Townhouse Complex
Track Record
Trade Off
Traditional Engineering Assessment
Trajectory
Treatment Year
Trend
Trend Analysis
Trouble Call (TC)
Troubleshooting
Tune-up
Type of Assessment
Typical Service Life

U
Ultrasonic Inspection
Unbounded Asset
Unbundled Life
Uncertainty
Uncontrollable Cost
Underfunded
Under-Maintenance
Under-Reporting
Under-Stating
Under Warranty Period
Unfunded
Unfunded Liability
Unified Facilites Guide Standard (UFGS)
Uniformat II
Unintended Consequences
Unintended Failure Replacement (UFR)
Unit Access

Unit Entitlement
Unit of Measure

Unit Rate
Universal Customer Values
Unkempt Neglect
Unknown Cost
Unmaintainable
Unplanned Maintenance
Unpredictable
Unscheduled Maintenance Multiplier
Unquantifiable Cost
Unregulated Maintenance
Unrevealed (covert) Failure
Unscheduled Maintenance
Unscheduled Maintenance Multiplier
Update Data
Updated FCI

Update Study
Upgrade
Upkeep
Uptime
Uptime Elements
Urgency-Importance Matrix
Urgent
Urgent and Important
Urgent but not Important

Use
Use-Based Maintenance
Usual Service Conditions
Useful Life
Usage Dependent Maintenance
User Groups
Utilization Index
Utility

V
Validation
Validation Placeholder
Valuation Estimate
Value
Value Analysis
Value Engineering

Value-in-Use
Values
Valve Chart
Valve Exercising
Valve Tags
Variability in Service Life
Variable
Variable Interval

Variance
Vertical Asset
VFD Retrofit
Vibration Analysis
Vintage Group
Vision
Visual Inspection

W
"W" Questions
Walk-through Assessment
Warranty
Warranty Cycle
Warranty Defect
Warranty Requirements
Warranty Review
Wasting
Weakened
Weak Funding Level
Wear
Wear (abrasive)
Wear (adhesive)
Wear and Tear
Wear Debris

Wear Debris Analysis
Wear Out Failure Pattern
Weathering

Weibul Distribution
Weighted Average Service Life (WASL)
Weighed FCI

Weighting
What?
What if?
When?
Where?
Which?
Whiteboards
Whitestone
Who?
Whole Life
Whole Life Cost (WLC)
Whole Life Depreciation Technique
Will?
With What?
Why?

Wide Dispersion Pattern
Winterization
Winterization Checklist
Witch Hunt
With Site Visit
Without Site Visit
WLC
Work Classification
Work Control /Center (WCC)
Work History
Work Identification
Working Life
Work Instruction
Work Order
Work Order History
Work Product
Work Reception
Working Order
Workshop
Worst Case


Y
Year
Year End
Yearly Interval

Z
Zone



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