12515 Strategic Asset Management

Description

A strategic and responsible approach to the management of property assets requires the ability to understand and respond to economic and social influences which affect the performance of property through a life cycle which begins with raw land and includes development, management redevelopment, and disposal. This subject examines asset management concepts and techniques as responses to changing economic and social forces in the strategic management of property assets.

Following the introduction of asset management concepts and techniques, including industry frameworks and life cycle costing, students apply these in the development of a property life cycle cost model and through the documentation of a property life cycle cost report. The report is delivered as a professional consultant report, preparing students for professional practice, both from a technical as well as from a written communications perspective. The initial focus lies on individual properties and their elemental costs.

Students are then introduced to strategic concepts focusing on asset portfolios, the implementation of a strategic asset management approach and strategic asset planning. In a group work session, students are actively engaged in developing a property portfolio strategy and presenting the strategy in a competitive evaluation scenario applying a wide range of technical, analytical, presentation and oral communication skills as well as innovation and creativity. Subsequently, students document the portfolio strategy in a strategic asset management plan, a major work combining technical, analytical and professional communication skills. Finally, students reflect on the implementation of strategic asset management in the form of an essay.

Typical availability

Autumn session, City campus
Spring session, City campus