BIM and FM: The Portal to Lifecycle Facility Management

With documented impact in design and construction, owners and facility managers (FMs) are looking for ways to extend the benefits of building information modeling (BIM) downstream to improve the management and operations phases of a facility’s lifecycle. Facility managers are responsible for major corporate assets, often accounting for 35 to 50 percent on an organization’s balance sheet.Industry research suggests that 85 percent of the lifecycle cost of a facility occurs after construction is completed and the NIST Interoperability Study indicated that fully two-thirds of the estimated $15.8 billion lost are due to inadequate
interoperability occurs during operations and maintenance phases. The business case is compelling.