PROPERTY PERFORMANCE MONITORING
COURSE BACKGROUND
Property is required by all organisations in order to fulfil their main functions. It is often both a substantial investment for, and cost to an organisation, and therefore has a direct impact on the organisation’s financial performance. It can also have an impact on other areas of performance such as organisational image, market share, and care of the environment.
Property although a key asset for operational organisations, is however under-considered and poorly managed by most. There is apparent lack of knowledge of how to precisely measure the value added of property and whether it is performing. Only organisations who are able to act as ‘informed client’ for their property and its management will obtain the appropriate contribution from a vital financial, operational and physical asset.
It is essential that senior management ask the right questions. The pivotal question being: ‘Is the organisation’s property and its management appropriately resourced and providing value for money?’
Fundamental to the good management is the setting of standards and performance monitoring procedures. These will enable the contribution of property and its management to be assessed from individual actions and premises through to the total impact on the organisation.
COURSE OBJECTIVES
The specific objectives of the course are to:
- Provide information on good practice with regard to monitoring the performance of operational property assets
- Identify models and/or techniques which have worked in at least one organisation and may be of use to other organisations who seeking to evaluate their own property and its management.
- Establish a general framework involving some key questions when evaluating property and its management for organisations to adapt to their own specific requirements.
COURSE PROGRAMME (9.00 am – 6.00 pm)
- Property Investment Performance Measurement & Asset Valuation
- Property Performance Measurement
- Asset Valuation
- Effect of Valuation Basis on Performance
- Operational Portfolio Management
- Portfolio-wide Standards and Targets
- Assessing Properties in a Portfolio Context
- Location Strategy
- Type of Property
- Future Planned Property
- Asset Management and Development
- Property Asset Management Activities and Functions
- Recurrent Activities Relating to an Existing Portfolio of Property Assets
- Activities Necessary to Alter the Assets in an Existing Portfolio
- Structure and Organisation
- Organisational Structures and Influence on Property Management
- Setting Performance Measures
- Establishing Monitoring Systems
- The Location of Professional Services
COURSE FEES
$615 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 $112.50 per person is available from e2i, subject to terms and conditions being met. Please enquire for further details.
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
COURSE 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 course leader/s.
