BOMI FMA flashcards
BOMI FMA · Build recall with a focused review session.
32 cards. Read the term and the definition here. The deck at the top of this page is optional.
- Efficiency ratio
- Usable area divided by gross area. It measures how much of a building's total floor area is assignable to occupants versus circulation, structure, and mechanical space.
- Churn rate
- The number of occupant moves in a period divided by the number of occupied workstations. It indicates space volatility and helps forecast reconfiguration workload and cost.
- Post-occupancy evaluation
- A structured assessment after occupancy that compares actual building performance and occupant satisfaction against the original program and design intent.
- Total cost of ownership
- The sum of acquisition cost plus all operating, maintenance, utility, renewal, and disposal costs over the holding period, usually expressed as a present value.
- Deferred maintenance backlog
- The accumulated value of maintenance and renewal work that was not performed when scheduled. It grows faster than the funding gap because deterioration accelerates.
- All-hazards emergency plan
- A preparedness framework covering risk assessment, planning, training, drilling, and after-action review, designed to apply across many emergency types rather than one scenario.
- Net effective rent
- Contract rent adjusted for concessions such as free rent and tenant improvement allowances, then divided across the lease term to allow fair comparison between lease options.
- Space programming
- The planning phase that translates organizational requirements into quantified area needs, adjacencies, and performance criteria before design begins.
- Condition assessment
- A systematic evaluation of building systems and components that rates physical condition and remaining service life to prioritize capital renewal spending.
- Move management
- The coordinated process of planning, scheduling, and executing occupant relocations, including furniture, technology, communications, and post-move closeout verification.
- Gross building area
- The total enclosed floor area measured to the exterior walls. It is the denominator for efficiency ratios and the basis for many cost-per-area benchmarks.
- Workplace utilization rate
- Actual occupancy or seat use divided by available capacity during measured periods. Low utilization supports consolidation or alternative workplace strategies.
- Simple payback period
- Initial investment divided by annual net savings. It shows how many years are needed to recover the outlay and ignores cash flows after payback.
- Net present value
- The sum of discounted future cash inflows minus outflows. A positive value indicates the project returns more than the required discount rate.
- Internal rate of return
- The discount rate at which a project's net present value equals zero. It is compared against the hurdle rate to accept or reject an investment.
- Life-cycle cost analysis
- A method that discounts initial and future costs, including energy, maintenance, and replacement, to a common present value for comparing design or equipment alternatives.
- Mean time between failures
- Total operating time divided by the number of failures in that period. It quantifies equipment reliability and informs maintenance and sparing decisions.
- Availability
- Uptime divided by total time, expressed as a percentage. It combines failure frequency and repair duration into a single measure of system dependability.
- Preventive maintenance
- Scheduled servicing performed on a time or usage basis to reduce predictable wear failures. It suits assets with known failure patterns and moderate criticality.
- Predictive maintenance
- Condition-based intervention triggered by monitoring data such as vibration or temperature. It suits high-consequence assets where failure cost justifies monitoring investment.
- Design-build delivery
- A project delivery method in which one entity holds responsibility for both design and construction, compressing schedule and creating a single point of accountability.
- Design-bid-build delivery
- A sequential method using separate design and construction contracts awarded through competitive bidding. It suits well-defined scope but lengthens schedule.
- Construction management at risk
- A delivery method where the construction manager commits to a guaranteed maximum price and participates in design, supporting fast-track scheduling on complex projects.
- Hurdle rate
- The minimum acceptable return used to screen capital investments. Projects whose internal rate of return falls below the hurdle rate are typically rejected.
- Energy use intensity
- Annual energy consumption divided by floor area. It is the standard benchmarking metric, but comparisons must normalize for climate, occupancy, and operating hours.
- Real discount rate
- The discount rate excluding general inflation, used in life-cycle cost analysis when future costs are stated in constant dollars without escalation.
- Capital renewal
- Planned replacement of building components that reach the end of useful life. Funding is typically scheduled from condition assessments rather than reactive requests.
- Corrective action tracking
- A compliance control that logs identified deficiencies, assigns an accountable owner and due date, and verifies closure so findings are not repeated.
- Guaranteed maximum price
- A contract ceiling above which the contractor absorbs cost overruns. It transfers cost risk to the builder in exchange for a higher contingency or fee.
- Return on investment
- Net benefit divided by cost, expressed as a percentage. It is simple to communicate but ignores project duration and the timing of cash flows.
- Failure modes analysis
- A structured review identifying how components can fail, the severity and likelihood of each failure, and the detection controls needed to reduce risk.
- Operating expense benchmarking
- Comparing cost per unit area against peer facilities after normalizing for service level, climate, occupancy, and building age to identify performance gaps.