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Property Asset Health Management (2-Day Master Class)

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.

There is a paramount need for a standardised condition assessment system to monitor and measure asset technical condition and ageing in a consistent manner at any stage in the asset life. Guiding principles provided thereafter for delivering consistent and optimised maintenance services across all assets and asset types to meet conflicting user-technical-cost parameters will help ensure effective property asset health management outcomes.

The MasterClass 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.

Fig: Elements in Strategic Property Asset Health


Elements covered will include Asset Health Policy, Maintenance Standards and a Condition-Based/Predictive Maintenance Framework underpinned by an objective condition assessment system modelled after Dutch Standard NEN 2767-1 ‘Condition assessment built environment – Part 1: Methodology’ believed to a ‘world first’ to resolve the inevitable subjectivity in inspections. NEN 2767 forms the basis of European standard CEN TS/17385: ‘Method for condition assessment of immobile constructed assets’.

Day 1 : Strategic & Plan
9.00 am – 6.00 pm: Class Sessions

Property Assets & Asset Performance
The Industry

  • Corporate Mission & Property Assets
  • Property Occupancy / Use Costs
  • Property Asset Management / Asset Health Management
  • Property Performance Assessment & Measurement

Property Asset Management Organisational Structure

  • Property Assets & Asset Management Structure
  • Property Asset Management Policy
  • Property Asset Management Levels & Functions

Property Asset Health Maintenance Systems

  • The Maintenance Concept: Objectives & Outcomes
  • Maintenance: Process & Types of Work
  • Traditional Maintenance Systems: Cyclical & Response-Based
  • Change Drivers & Tenability of Traditional Approach
  • Condition-Based/Predictive Maintenance Systems

Property Asset Health / Maintenance Management

  • Strategic Issues
  • Maintenance Standards
  • Maintenance Policy
  • Maintenance Management Structure
Day 2: Implementation & Monitoring
9.00 am – 6.00 pm: Class Sessions

Condition Assessment Standardisation in Maintenance

  • Inspections/Condition Assessments in Maintenance
  • Assessing & Measuring Building Condition
  • Subjectivity in Inspections/Condition Assessments
  • Condition Assessment Standardisation: NEN 2767
  • NEN 2767 Underpinned Predictive Maintenance Model

Managing Condition Assessments

  • Condition Assessments in Asset Life
  • Organising & Executing Condition Assessments

Implementing Condition-Based Maintenance Systems

  • Rationale for Condition-Based Maintenance Systems
  • Condition-Based Maintenance Framework & Model
  • Process for Maintenance Planning & Budget Allocation

Maintenance Planning, Prioritisation & Budget Allocation

  • Maintenance Planning & Control: Overview
  • Long Term Maintenance Plan & Budgets
  • Short Term & Annual Maintenance Plan & Budgets
  • Maintenance Prioritisation & Budget Allocation

Performance-Based Service Procurement

  • Procurement Models
  • Prescriptive vs Performance-Based Services
  • Performance-Based Maintenance Outsourcing

Asset Health Performance Monitoring

  • Asset Health Performance Monitoring: Overview
  • Asset Health Performance Indicators & Metrics<br/
    – Financial Indicators
    – Technical & Sustainability Indicators
    – Service Provision Indicators

Asset Health & Maintenance Information System

  • Management Information System Overview
  • Property Asset Health Maintenance Management System
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. She was primarily involved in developing the Property Asset Health Management Policy for the Hong Kong Jockey Club.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 2767-1 on Condition assessment built environment. She has contributed to Working Groups developing several Singapore Standards viz. TR 96:2021: ‘Asset condition assessment approach in the Singapore railway industry – Permanent Way’; SS 485:2022: ‘Specification for slip resistance classification of pedestrian surface materials’ and SS 694:2023: Code of practice for the measurement of cleaning performance for commercial, residential estates and retail F&B premises.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. She is currently an appointed resource person for the Tripartite Facilities Management implementation Committee: Capability Development Taskforce and a member of the Workplace Safety and Health Council Facilities Management Committee and Industry Capability Development Committee in Singapore.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.
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

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

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.

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

  • Developers
  • Property Asset Owners/Government Asset Officers
  • Architects/Engineers/Project Managers/Quantity Surveyors/Contractors
  • Asset/Property/Facilities/Maintenance Managers
  • Managing Agents
  • Management Corporations
  • Town Councils
  • Others with a Vested Interest in Property Assets

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.

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

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.

2 Day Training Course

4th Run

Property Asset Health Management (2-Day Master Class)

Strategy & Health Monitoring Framework
Qualified for 14 PDUs by PE Board

$1,250.00 / person

Course Date & Venue:

30 & 31 July 2024, 9:00am to 6:00pm

Course Objectives

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.

Number of Participants: