Asset Management

The process of tracking and maintaining an organization’s physical assets and infrastructure.

Assumptions

The unconscious, taken-for-granted beliefs and perceptions that shape how employees interpret and respond to events.

Authentic Values

Core values that genuinely reflect an organization’s identity, purpose, and aspirations, as opposed to generic or externally imposed values.

Authenticity

The quality of being genuine, truthful, and consistent in one’s actions and communications.

Balanced Scorecard

A strategic management system that translates an organization’s strategy into a set of performance measures across four perspectives financial, customer, internal process, and learning and growth.

BAS

Building Automation System

Baseline

Approved project plans used for performance tracking.

Benchmarking

The process of comparing an organization’s performance against best-in-class companies or industry standards, in order to identify areas for improvement.

Benchmarking

Comparing project performance to industry standards.

Best Practices

Industry-recommended methods for efficient project execution.

Bid Bond

A financial guarantee ensuring a contractor’s bid commitment.