Welcome to the international right of way association s course 703 real property asset management
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Welcome to the International Right of Way Association’s Course 703 Real Property Asset Management. 703-PT – Revision 2 – 04.30.07.INT. Introductions Who we are… What we do… Where we do it… How long we’ve been doing it… Our goals for the course.

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Welcome to the International Right of Way Association’s Course 703 Real Property Asset Management

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Welcome to the international right of way association s course 703 real property asset management

Welcome to theInternational Right of Way Association’sCourse 703Real Property Asset Management

703-PT – Revision 2 – 04.30.07.INT


Welcome to the international right of way association s course 703 real property asset management

Introductions

Who we are…

What we do…

Where we do it…

How long we’ve been doing it…

Our goals for the course...


Objectives 1 at the conclusion of the course you will be able to

Objectives(1)At the conclusion of the course, you will be able to…

• Define and understand the differences between property and asset management

• Express an understanding of the goalsof asset management


Objectives 2 at the conclusion of the course you will be able to

Objectives(2)At the conclusion of the course, you will be able to…

• Identify the needs and prerequisites of a successful asset management program

• Develop and implement an asset management program


Housekeeping

Housekeeping


Schedule 1

Schedule (1)

8:00 - 8:30Introductions, Etc.

8:30 - 9:15 Definitions and Needs

9:15 - 10:15Key elements of an Asset Management Plan

10:30 - 11:15 Developing an Integrated Asset Management Plan

11:15 - 12:15Foundations of an Integrated Asset Management Plan


Schedule 2

Schedule (2)

1:15 - 1:45Portfolio Management

1:45 - 2:30 Determining Needs and Setting Priorities

2:45 - 3:15 Developing the Asset Management Plan

3:15 - 3:45 Measuring Success

3:45 - 4:00 Summary and Review

4:00 - 5:00 Exam


Terms 1

Terms (1)

Property Managementis a process of maintaining and creating value in real property, which is consistent with the owner’s objectives.

Asset Managementis the comprehensive integrated management plan for all realestate assets. It is the optimization of assetsto produce the most productive use.


Asset management asset management is

Asset ManagementAsset management is…

• Mission driven

• System oriented

• Long-term in outlook

• Customer focused


Terms 2

Terms (2)

Anintegrated asset management planis a structured process that brings all(assets) parts together into a whole.


Terms 3

Terms (3)

Asset rationalizationis the process ofdetermining the need for a given asset and the role that asset will play in an organization.


Asset management plan goals 1

Asset Management Plan Goals(1)

•Assist in meeting expectations, goalsand targets related to core business activities.


Core businesses 1

Core Businesses (1)


Core businesses 2

Core Businesses (2)


Core businesses 3

Core Businesses (3)


Core businesses 4

Core Businesses (4)


Asset management plan goals 2

Asset Management Plan Goals(2)

•Assist in meeting expectations, goalsand targets related to core business activities

• Ensure performance at optimum levels

•Improve operational capacity

• Increase occupancy and reduce expenses


Asset management plan goals 3

Asset Management Plan Goals(3)

•Increase revenues

• Enhance asset value

•Provide flexibility

• Increase social or community benefits


Terms 4

Terms (4)

A portfoliois the collection of like assets.


Key elements 1

Key Elements(1)

•Core business

• Table of organization

•Accountability


Key elements 2

Key Elements(2)

•Real estate’s role

• Communications plan

•Teamwork

• Directions and goals


Prerequisites

Prerequisites

•Commitment

• Proper placement

•Performance measures


Ingredients 1

Ingredients (1)

•Inventory

• Needs assessment

•Clear priorities

• Accountability footprint


Ingredients 2

Ingredients (2)

•Schedule

• Plan review

•Multiple layers


Terms 5

Terms (5)

Anintegrated asset management planis a

structured process that brings all (assets)parts together into a whole.

Asset rationalizationis the process ofdetermining the need for a given asset and the role that asset will play in an organization.

A portfoliois the collection of like assets.


Terms 6

Terms (6)

A property inventoryis a database of the organization’s properties with specific information on each parcel.


Inventory classifications

Inventory Classifications

•Operating property (present use)

• Future use

•Surplus

•Other


Criteria 1

Criteria (1)

User friendly and simple

Compatible

Meaningful cross-references

Searchable

Increase efficiency


Criteria 2

Criteria (2)

Reduce response time

Hard copies

Protect original documents

Off-site storage

Growth

Cost effective


Another inventory classification 1

Another Inventory Classification(1)

•Core business uses

• Core business related uses


Terms 7

Terms (7)

Secondary useis organizational acquired property that allows for others to also use, provided that there are no conflicts with the primary use.

Secondary useis two or more organizations using jointly acquired property, which provides for shared costs and responsibilities.


Another inventory classification 2

Another Inventory Classification(2)

•Core business uses

• Core business related uses

•Potential future corebusiness uses

• Transitional

• No potential future core business uses


Terms 8

Terms (8)

Stranded assetsare real estate assets with no potential future core business uses.


Another inventory classification 3

Another Inventory Classification(3)

•Core business uses

• Core business related uses

•Potential future corebusiness uses

• Transitionals

• No potential future core business use


Terms 9

Terms (9)

A needs assessmentis a systematicexploration of the way “things” areand the way they should be. Usually, these “things” are associated with organizational performance.


Terms 10

Terms (10)

A feasibility studyis a preliminary study undertaken before a project starts to ascertain the likelihood of the project’s success, in termsof investor objectives.

A financial analysis is an assessment of the viability, stability and profitability of a project.


Terms 11

Terms (11)

Hurdle or discount rateis an interest rate to convert future payments into present value.

Net present valueis the difference between the present value of all the positive cash flows and the present value of all the negative cash flows.

Internal rate of returnis the rate that discounts future cash flows to the amount of the original investment.


Objectives 1 at the conclusion of the course you will be able to1

Objectives(1)At the conclusion of the course, you will be able to…

• Define and understand the differences between property and asset management

• Express an understanding of the goalsof asset management


Objectives 2 at the conclusion of the course you will be able to1

Objectives(2)At the conclusion of the course, you will be able to…

• Identify the needs and prerequisites of a successful asset management program

• Develop and implement an assetmanagement program


Welcome to the international right of way association s course 703 real property asset management

Thank you!

703-PT – Revision 2 – 04.30.07.INT


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