Property asset management covers a broad range of professionally oriented skillsets. It encompasses more specific activities relating to the infrastructure, life cycle and occupancy of individual properties within a portfolio up to and including the more strategic analysis and decision making aspects of the portfolio manager and owner. The effective management of such assets calls for a fundamental understanding of the operation of the property market, focussing on determining how such assets can be optimally utilised to add value to the primary business activity of an organisation and as part of due diligence during situations involving property transactions. The subject examines the roles of the many stakeholders involved in a property asset portfolio. The interrelationship between property management, asset management, facilities management and corporate asset management underpin the subject. The varying interaction of technology and property provide the context for analysis of the social fabric of contemporary society and business and future opportunities for professional practice. Compliance with risk management and professional practice standards are core themes of this subject.
|Academic unit:||Faculty of Society & Design|
|Subject title:||Property Asset Management|
Delivery & attendance
|Attendance and learning activities:||As successful completion of this subject is heavily dependent on participation during all scheduled sessions, attendance will be monitored. Most sessions build on the content of the previous one. It is difficult for a student to recover if a session is missed. It is the responsibility of the student to catch up on any content missed and to complete set work outside class. It is also necessary for students to engage proactively and contribute positively in discussions, analyses and case studies. The assessments are an important part of developing the knowledge and understanding required to fulfil the minimum requirements of this subject. In addition to class contact hours, students should plan to spend a minimum of 84 hours undertaking preparation/out of class work/personal study for this subject. This is intended as a general guide only for workload planning. More time may be required depending on the student's comprehension of the content delivered in class and aptitude for the subject.|
|Prescribed resources:||No Prescribed resources. After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.|
|[email protected] & Email:||[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.|
To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Describe the roles and interdependencies of property management, facilities and corporate asset management within the contemporary economic, business and social environment.
- Devise a strategic asset management plan including a budget.
- Identify the tools and techniques for managing property, corporate and facilities services and their varying impact on service delivery.
- Apply and evaluate methods of assessing the performance of property, asset, facilities and corporate property management strategies.
- Identify and understand the unique characteristics of real estate as an asset class and its implications for property asset management in its broadest and emergent context, domestically and internationally.
- Develop property focused strategies (including budgeting) supporting stakeholders imperatives.
- Evaluate different modes of property ownership and estate management techniques for value maintenance and enhancement.
- Assess and identify the spatial needs of employees within the contemporary business organisation.
- Develop strategies to manage performance risk within a commercial property portfolio.
|Analysis §||Assignment 1 (Individual or in pairs)||40%||Week 10||1, 2, 3, 4, 5, 7, 9.|
|Oral Presentation §||Case study report - based on field work||20%||Week 12||4, 5, 6, 7, 8, 9.|
|Take-home Examination||n/a||40%||Week 8 (Mid-Semester Examination Period)||1, 2, 3, 4, 5, 6, 7, 8, 9.|
- § Indicates group/teamwork-based assessment
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
|High Distinction||85-100||Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.|
|Distinction||75-84||Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.|
|Credit||65-74||Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.|
|Pass||50-64||Usually awarded to students whose performance meets the requirements set for work provided for assessment.|
|Fail||0-49||Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.|
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Students must check the [email protected] subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A student who has not established a basis for an extension in compliance with University and Faculty policy either by 1) not applying before the assessment due date or 2) by having an application rejected due to failure to show a justifiable cause for an extension, will receive a penalty on assessment submitted after its due date. The penalty will be 10% of marks awarded to that assessment for every day late, with the first day counted after the required submission time has passed. No assessment will be accepted for consideration seven calendar days after the due date. Where a student has been granted an extension, the late penalty starts from the new due date and time set out in the extension.
Policy on plagiarism
The University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
An overview of property management, facilities and corporate asset management within the contemporary economic, business and social environment.
An explanation of the Australian perspective of the role and nature of property as an asset within a broader portfolio.
Identify and discuss the significance of sustainable facilities management in the context of effective resource management.
Identification and management of key stakeholders – roles and often conflicting responsibilities.
The development and operationalisation of strategic corporate property management plans.
The influence of technology, social and environmental issues of relevance to property asset management.
The role of property as an asset within contemporary society and business.
Organisational and portfolio structures.
Risk management in property portfolios
Post occupancy evaluation and performance measurement.