What is IWMS?
IWMS integrates five core functional areas within an enterprise which were organizationally and operationally independent and showed minimal interdisciplinary synergy, prior to the advent of IWMS:
- Real Estate Management
This area involves activities associated with the acquisition (including purchase and lease), financial management and disposition of real property assets. Common IWMS 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 IWMS 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 IWMS features that support facility management include strategic facilities planning (including scenario modeling and analysis), CAD and BIM integration, space management, site and employee service management, resource scheduling, and move management.
- Maintenance management
This area covers activities related to the corrective and preventive maintenance and operation of facilities and assets. Common IWMS 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.