Asset Planning

Question 1

What is the definition of stewardship?

Answer 1

The central concept of property management - the practice of looking after the interests of another person or organisation so that their goals and objectives are achieved

Question 2

What are the four parts of the property management process

Answer 2

Fund Manager
Asset Manager
Property Manager
Operational Facilities Management

Question 3

What is the prime task of strategic management

Answer 3

Thinking through the mission of a business. Setting objectives, developing strategies and plans and making todays decisions for tomorrows results.

Question 4

What are the three elements of strategic planning at the organisational level

Answer 4

Objectives
Values
Culture

Question 5

What is asset strategic planning

Answer 5

The process of developing management strategies that will: contribute to the best utilization of assets in the delivery of services to the community in line with corporate plans and service the composition of an asset portfolio and the changing environment within which it operates

Question 6

What are the elements of the asset management process

Answer 6

Strategy 
Programmes
Delivery
Review
Change

Question 7

What is technical due diligence

Answer 7

Technical due diligence is a process of systematic review analysis and discovery

Question 8

What is involved in the financial planning aspect of asset management plans

Answer 8

External financial factors (market rents, capital values, vacancy)

Question 9

What is involved in physical planning aspect of asset management plans

Answer 9

Operational management and cost planning (maintenance plan, capital improvement)
Environmental factors
Building Management Systems
Occupational Health and Safety