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Make it Work
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Strategic Planning
100

What are the main 3 resources in a project?

People Time and Money


100

Management Project Activites (implementation) 

Cost, Schedule and Contractor Managment, Quality Control.

100

Real Estate transactions occur in these two distinct interrelated markets?

Space Markets and Asset Markets

100

Stage 8 transitions the process from _ to_

Development to ongoing operation and managment o&m

100

A coordinated and systematic way to develop a course and direction for your company.

Strategic Plan

200

What are the 4 phases of projects?

Planning, Build-up, Implementation, Phase-out

200

A chart in which the critical work elements, called tasks, of a project.

What is a Work Breakdown Structure (WBS)

200

What is the space market?

Driven by the demand for space by users. Influenced by supply, unemployment rates.

200

Functions of Management

Maintaining tenant relations, collecting rent, paying bills, releasing space, maintiannce, conserving energy, provding security, supervising personanel and coordinating insurance.

200

Items included in a Strategic Plan

Executive Summary, Mission Vision and Value Statements, Analysis, Action Plan, Budget and Operating Plans, Detailed Monitoring and Evaluation Method.

300

Objectives of Planning

Define the problem, identify stakeholders, set objectives, define activites.

300

Why would you create a WBS?

Estimate the project cost, establish dependencies, determine a timeline and schedule.

300

What is Asset Markets?

Investors searching for returns/ good NOI.

300

Property Manager tasks

•Tenant relations and retention

•Rent collection

•Control of operating expenses

•Financial reporting and record keeping

•Maintenance of property

•Planning capital expenditures

•Crisis management

•Security issues

•Public relations

300

Things you would look for to analyze property problems and oppourtunities:

Physical condition, operating history, market conditions and how it compares to the competition.

400

Planning and Development Project Activites

Feasibility Studies, Market Research

400

CPM, PERT and Gantt.

What are examples of scheduling tools?

400

What is the relationship that the developer plays within the space and asset manager?

The developer acts as a link between the financial resources/asset market and new built space/space market.

400

Asset Manager Tasks

•Developing property strategic plan

•Analyzing whether to hold or sell the property

•Reviewing opportunities to reposition properties and to justify major expenditures

•Monitoring property performance

•Managing and evaluating the property manager by comparing property performance with peer properties in the particular submarket

•Assisting in tenant relations

400

What objectives/factors do you need to keep in mind during site+project selection.

Market conditions, investor needs, tenant requirements, portfolio considerations.

500

Completion Project Activites

Placing property into service, selling or leasing property, staffing site.

500

PERT stands for...

Performance Evaluation and Review Technique

500

All of the activities associated with identifying the particular wants and needs of a target market... and going about satisfying those customer.

What is marketing?

500

Portfolio Manager Tasks

•Communicating with investors and setting portfolio goals and investment criteria

•Defining and implementing portfolio investment strategy

•Overseeing acquisitions, dispositions, asset management, and reinvestment decisions

•Accountable for portfolio performance

•Client reporting and cash management

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