Executive Training Courses

BACKGROUND TO MASTERCLASS

Property assets are sizable investments; they also incur high operating cost and affect organisational performance and image. They must thus be strategically managed to ensure their functional and technical health at optimal costs to achieve the highest possible tangible and non-tangible returns from them.

Central to the management strategy is maintenance of asset health and delivery of value-add services. Achieving this mission is however increasingly challenged by inevitable cost increases due to factors such as enhanced health and safety regulations, asset ageing, more defective new buildings, sustainability requirements and rising user expectations. Maintenance budgets on the other hand continue to be trimmed on the belief that it does not significantly impact asset health and operations and longer term life cycle costs.

The consequences of insufficient maintenance funding are unfortunately not immediately visible. Attempts to quantify maintenance neglect and impact on asset health are hampered by a lack of information on asset condition and the inability to predict measureable performance and condition decline. Guiding principles are hence required to deliver consistent and optimised maintenance services across all assets and asset types to meet often conflicting user-technical-cost parameters.

OBJECTIVES OF MASTERCLASS

The Master Class will impart the knowledge, skills and tools to implement the Property Asset Health Management Strategy and Health Monitoring Framework shown below. This structured approach ensures asset functional and technical health to meet organisational-business needs and service requirements at optimal costs over service life.

Elements in Strategic Property Asset Health

Elements covered will include Asset Health Policy, Maintenance Standards and a Condition-Based/Predictive Maintenance Framework which is underpinned by an objective condition assessment system modelled after Dutch Standard NEN 2767, believed to a ‘world first’ to resolve the inevitable subjectivity in inspections.

The Master Class will be delivered through interactive presentations. Class size will be kept small to facilitate roundtable discussions.

PROGRAMME

Day 1 : Strategic-Tactical Level Asset Management

9.00 am – 6.00 pm: Class Sessions

1. Property Assets & Asset Performance

• Assets & Asset Operating Costs
• Concept of Whole Life Asset Performance
• Performance Parameters & Measures

2. Property Maintenance Systems

• The Pathology of Building Defects
• Traditional Maintenance Systems
• Condition-Based-Predictive Maintenance Systems

3. Asset Health Management Policy

• Purpose of Policy
• Contents of Policy
• Policy Stewardship & Implementation

4. Maintenance Standards

• Determinants of Standards
• Condition-Based Maintenance Norms
• Budget Allocation: Asset & Portfolio Level

5. Condition-Based Maintenance Framework

• Condition-Based Maintenance Process Model
• Condition-Based Maintenance Norms
• Budget Allocation: Asset & Portfolio Level

6. Organisational Structure for Asset Health Management

• Strategic Level Management
• Tactical Level Management
• Operational Level Management

Day 2:  Tactical-Operational Level Asset Management

9.00 am – 6.00 pm: Class Sessions

1. Condition Assessments & Condition Assessment Standardisation

• Variability in Condition Assessments
• Condition Assessment Standardisation (after NEN 2767)
• Condition Scores & Maintenance Standards

2. Managing Condition Assessments

• Condition Assessments in Asset Life
• Organising & Executing Condition Assessments
• Establishing & Updating a Condition-Based Asset Inventorys

3. Maintenance Planning, Prioritisation & Budget Allocation

• Long Term Maintenance Plan & Budgets
• Annual & Short Term Maintenance Plan & Budgets
• Maintenance Prioritisation & Budget Allocation

4. Asset Health Performance Monitoring

• Financial Indicators
• Technical & Sustainability Indicators
• Service Provision Indicators

5. Performance-Based Service Procurement

• Performance-Based vs. Prescriptive-Based Services
• Performance-Based Maintenance Outsourcing
• Service Provider Selection

6. Asset Health & Maintenance Information System

• Framework for an Information System
• Use of Information System for Asset Health Management
• Information System Custodianship & Updating

MASTERCLASS LEADER

Dr Quah Lee Kiang PhD, MSc (Maintenance Management), BSc Building, FRICS

Dr Quah is the Director of the Real Estate & Construction Centre and the Real Estate & Construction Academy in Singapore. She has extensive regional and international experience in Project and Facilities Management & Maintenance research, advice and academia.

Dr Quah led the EU funded project BE4213 Condition Assessment and Maintenance Strategies for Buildings and Building Components, which among other things, sought to develop an objective building condition assessment system. This project formed part of ongoing research over the last 20 years which culminated in Dutch Standard NEN 2767 on Condition Assessment of Buildings, believed to be a ‘world first’.

Dr Quah’s professional and research affiliations include being Coordinator of the International Council for Research and Innovation in Building and Construction (CIB) Working Commission 70 on Facilities Management and Maintenance for a decade and past President of the Chartered Institute of Building Singapore Centre.  She was also a member of the Royal Institution of Chartered Surveyors (RICS) Asia Board, Singapore Board and Asia Pacific Sustainability Board.

Dr Quah was conferred an Honorary Fellow by Oxford Brookes University for her work in real estate and construction education and the unusual impact her career has had on this particular academic field in Asia.

MASTERCLASS DATE AND VENUE

Monday 10 Jul 2023 & Tuesday 11 Jul 2023

COURSE DELIVERY

Option 1 (Face-to-Face)

Venue: Unit #04-08, Devan Nair Institute for Employment & Employability
80 Jurong East St 21, Singapore 609607

Option 2 (Live Streaming via RECC Elearning Portal)

Username and password will be assigned on receipt of registration and course fees

MASTERCLASS FEES

$1,250 nett per person. Course fees includes full colour course documentation and refreshments at tea breaks. 

RECC is pleased to inform that course fee funding of $225.00 per person is available from e2i, subject to terms and conditions being met. Please enquire for further details.

MASTERCLASS ACCREDITATION AND CERTIFICATE OF ATTENDANCE

The course has been approved for 14 PDU units under the PE Board Continuing Professional Development programme. Attendance certificates will be issued; they may also be suitable for meeting the CPD requirements of other relevant professional bodies not operating a CPD course accreditation system.

WHO SHOULD ATTEND

The course will benefit those who have a vested interest in buildings including:

• Developers
• Building Owners
• Government Officials
• Architects
• Engineers
• Project Managers
• Quantity Surveyors
• Contractors/Sub-Contractors/Suppliers
• Property Managers
• Facilities Managers
• Maintenance Managers
• Management Corporations
• Town Councils
• and Others

CANCELLATIONS

Cancellations made one week before the scheduled commencement date of the course will be subjected to an administrative fee of $100.00. The full fee will be payable thereafter for any cancellation; substitutions can be made at any time.

MASTERCLASS ENQUIRIES AND REGISTRATIONS

Mr Ken Chew
Tel: 6563 4166
Fax: 6563 4156 
E-mail: exectrg@recc.com.sg

PLEASE NOTE

It may be necessary for reasons beyond RECC’s control, to change the content and timing of the programme and the identity of the MasterClass leader/s.