Definitions
This refers to the physical land and attachments such as buildings.
What is real estate?
This is a listing of all an organization’s real estate assets.
What is an asset inventory?
This is what an AMP stands for.
What is an Asset Management Plan?
Operational, future needs, and surplus are examples of this.
What are asset types?
This tool compares current performance to desired performance
What is a gap analysis?
This represents the rights and interests inherent in owning real estate.
What is real property?
This term describes a collection of like assets.
What is a portfolio?
Disposal/Optimization and ISO 55001 are examples of these.
What are key regulations and initiatives?
This a necessary tool to control/monitor, market and dispose of real estate and real property rights.
What is a property inventory?
This process gathers internal information to guide strategy development.
What is an organizational scan?
This focuses on day-to-day operations like maintenance, repairs, and tenant coordination.
What is property mangement?
This process determines the role and need of an asset within an organization.
What is asset rationalization?
This documents accountabilities and responsibilities of participants in the AMP.
What is an Accountability Footprint?
This is a database identifying and tracking similar assets.
What is a Portfolio?
This financial metric measures profitability relative to investment.
What is Return on Investment (ROI)?
This is a comprehensive, integrated plan for managing a portfolio of real estate assets.
What is asset management?
This type of plan links assets, goals, and budgeting into one integrated system.
What is an Asset Management Plan (AMP)?
This contains support, clarifying, and additional information to assist the reader in understanding the AMP?
What is an Addenda?
Real property dedicated to an organization's core business.
What are operating assets?
These are used to evaluate whether an AMP is achieving its goals, including metrics like utilization, cost, and revenue performance.
What are performance measures?
This is an acronym used to create effective performance goals that are clear, actionable, and trackable.
What is S.M.A.R.T.?
This system may include GIS, financial data, and maintenance modules.
What is a relational database?
This is the process of determining the need for a given asset and the role that asset will play in an organization.
What is Asset Rationalization?
This refers to two or more organizations sharing ownership, cost, and responsibility.
What is joint use?
This is an assessment of the viability, stability and profitability of a project
What is a Financial Analysis?