IFMA launches lifecycle management initiative

A new collaboration between the International Facility Management Association and Autodesk aspires to unify commercial real estate stakeholders around a common approach to lifecycle management and help industry reduce costs and improve asset longevity while addressing decarbonization and regulatory challenges.

The Building Lifecycle Management Initiative (BLMI)  leverages global industry standards – like ISO 19650 (Building Information Modeling), ISO 8000 (Data Quality), ISO 41001 (Facility Management Systems), and OSCRE data models – to ensures that buildings are managed with consistency, efficiency and long-term value in mind.

“The commercial real estate industry has long struggled with inefficiencies due to fragmented data, disconnected systems and short-term decision making,” said Dean Stanberry, Past Chair of IFMA’s Global Board of Directors. “BLMI represents a turning point, providing a structured approach for aligning stakeholders, eliminating waste and unlocking the full potential of the built environment.”

The initiative places a strong focus on stakeholder collaboration, data governance, interoperability and advanced technology integration, such as building information modeling (BIM), digital twins, predictive analytics, and artificial intelligence for smarter decision making, reducing inefficiencies and creating a connected data ecosystem. The objective is to deliver tangible value to every sector of commercial real estate, including:

• Owners & Investors: Extend asset lifespan, optimize operational costs and improve long-term financial performance.
• Facility Operations: Move from reactive maintenance to proactive lifecycle management, improving efficiency and tenant satisfaction.
• Architecture, Engineering, and Construction: Ensure design and construction integrate seamlessly with operational needs, reducing costly retrofits.
• Technology & Service Providers: Align digital solutions with industry-wide standards for seamless adoption and interoperability.

“Advanced technology solutions, such as digital twins, rely on quality data to deliver powerful insights and 3D visualizations to facility operators,” added Robert Bray, vice president and general manager of Autodesk Tandem. “The Building Lifecycle Management Initiative seeks to resolve systemic issues related to data quality that span the building lifecycle,”

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