The APPA Facilities Performance Indicators (FPI) is perhaps one of the most powerful analytical tools that institutional facilities professionals have at their disposal. It is a diagnostic facilities performance management tool that addresses the essential questions that facilities executives must answer to effectively perform their roles. It can provide the data that highlights current levels of performance and opportunities for potential improvement. The metrics that it provides range from the strategic to tactical. In this article, the author asserts that the facilities management (FM) professional would do well to aggressively embrace the FPI as a tool to effectively manage their facilities operations. The FPI provides in-depth cost analysis for institutional FM practices--and does so across the spectrum of FM activities. (Contains 1 figure.)