USB244 Asset Performance
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
Unit code: | USB244 |
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Prerequisite(s): | Completion of 96 credit points or more of study |
Equivalent(s): | UDB344 |
Assumed Knowledge: | USB242 or USB144 are assumed knowledge. |
Credit points: | 12 |
Timetable | Details in HiQ, if available |
Availabilities |
|
CSP student contribution | $2,040 |
Pre-2021 CSP student contribution | $1,597 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
Domestic tuition unit fee | $3,024 |
International unit fee | $4,176 |
Unit Outline: Semester 2 2024, Gardens Point, Internal
Unit code: | USB244 |
---|---|
Credit points: | 12 |
Pre-requisite: | Completion of 96 credit points or more of study |
Equivalent: | UDB344 |
Assumed Knowledge: | USB242 or USB144 are assumed knowledge. |
Coordinator: | Connie Susilawati | c.susilawati@qut.edu.au |
Overview
Asset performance provides a good grounding in property and asset management, as it applies to the diverse real estate property sectors and to demonstrate how property asset performance can be maximised, measured and benchmarked. Efficient asset management can result in significant cost benefits to both the owner and the occupier of the property. There has been a growing property industry awareness of the need to develop reliable, accurate and professional property management systems and analysis tools to ensure that property occupation costs are minimised, and space allocations are maximised in accordance with the short, medium and long term business goals of the organisation or company.
Engagement with industry and real world data sets provides opportunities to gain first hand experience in property and asset management.
Learning Outcomes
On successful completion of this unit you will be able to:
- Measure, benchmark and maximise the performance of real property assets by applying economic, managerial, legal, physical and technical aspects of property and asset management.
- Analyse the role of property managers in asset management, and evaluate their impact on the performance of real property assets in a diversified investment portfolio.
- Present solutions through written communication.
- Collaborate strategically in professional contexts to develop the strategic asset management (SAM) plan.
Content
Learning outcomes will be achieved through coverage of the following topics:
- The role of the property manager and asset manager in maximising the investment performance of a property portfolio
- Consumer and business ethics are incorporated throughout the program with particular emphasis on State and Federal legislation and regulation in relation to office, retail and industrial property management
- Strategic management of real estate assets, from both an owned and leased perspective
- Current practice in respect to Corporate Real Estate and Asset Management (CREAM) with particular emphasis on methods, types and benchmarking
- Sustainability initiatives in the commercial building and property management sectors
Learning Approaches
This unit engages you in your learning through a theory to practice approach via a weekly two (2) hour lecture and one (1) hour tutorial, with interactive activities. In lectures, you will engage in collaborative activity with peers and lecturers. You will work with experts and peers to develop effective methods/approaches for communicating, retrieving, evaluating and presenting information. You will engage with the property professionals and industry property managers to have insights on the real-world learning experience and career development. In tutorials, you will do an active and experiential learning activities which allow you to connect and collaborate with your peers.
Feedback on Learning and Assessment
Feedback in this unit is provided in the following ways:
- Marking rubrics will be provided to show the expectations for each assessment item.
- Marking rubrics with comments will be returned to you via the online submission portal.
- Lecture / consultation sessions are available for group and individual feedback prior to the completion of assessments.
- Self and peer feedback on task allocation, quality and contribution.
- Online activities
- Generic comments will be provided via QUT Canvas and in class.
This unit will engage practising property managers to provide professional feedback throughout the whole unit.
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes and has been designed to provide the opportunity for you to perform real world tasks and develop skills in working with professional teams. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Report
Part A: Property manager performance critique (past 3 years)
You are a property management consultant and you have been asked by an owner to review the performance of their property manager over the past three years. You have obtained an information memorandum for each property in their portfolio as at today. Your task is to identify the skills that were (or should have been) employed by the property manager in order to maximise the performance of these assets in light of the property market and economic conditions in recent years.
Part B: Strategic asset management (SAM) plan [Short, medium and long term view]
Having determined the existing property management issues for this portfolio in Part A, the owners have now asked to you submit a brief strategic asset management (SAM) plan for the portfolio that provides your interpretation of market forecasts, and what the owners need to consider to keep the buildings marketable. You are required to present your SAM plan to the owner.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
Final written examination. The final exam will allow you to apply the knowledge and skills developed throughout the entire unit and communicate your answers in a concise written format. This examination will be undertaken during the centrally timetabled examination period.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Prior to any off campus class activities that you may be required to undertake in this unit, a risk assessment will be prepared and informed on the unit Canvas site. You will receive a briefing regarding any specific hazard and risk related instructions from your field leader before commencing the activity.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.UD05 Bachelor of Property Economics
- Apply theoretical knowledge and technical skills, including fundamentals of building construction and knowledge of legal, social, cultural, and technological contexts, required to manage property assets and investment portfolios; analyse property markets, the drivers of property value and the feasibility of development; and identify future funding and transaction processes.
Relates to: ULO1, ULO2, Report, Final Exam - Think critically and innovatively to solve problems by applying methodologies and calculations to identify innovative solutions and sustainability strategies and evaluate the feasibility of property development and investment opportunities.
Relates to: ULO1, ULO2, Report, Final Exam - Analyse data using current proprietary software and strategies to evaluate financial and property market trends to inform current and future property decisions.
Relates to: ULO1, Report, Final Exam - Communicate and collaborate strategically in professional contexts with diverse stakeholders
Relates to: ULO3, ULO4, Report, Final Exam - Display professional, ethical judgment and initiative, adapt to social, economic, technological and environmental challenges, and lead and manage people with consideration for different cultural perspectives and priorities.
Relates to: ULO2, Report
Unit Outline: Semester 2 2024, Online
Unit code: | USB244 |
---|---|
Credit points: | 12 |
Pre-requisite: | Completion of 96 credit points or more of study |
Equivalent: | UDB344 |
Assumed Knowledge: | USB242 or USB144 are assumed knowledge. |
Overview
Asset performance provides a good grounding in property and asset management, as it applies to the diverse real estate property sectors and to demonstrate how property asset performance can be maximised, measured and benchmarked. Efficient asset management can result in significant cost benefits to both the owner and the occupier of the property. There has been a growing property industry awareness of the need to develop reliable, accurate and professional property management systems and analysis tools to ensure that property occupation costs are minimised, and space allocations are maximised in accordance with the short, medium and long term business goals of the organisation or company.
Engagement with industry and real world data sets provides opportunities to gain first hand experience in property and asset management.
Learning Outcomes
On successful completion of this unit you will be able to:
- Measure, benchmark and maximise the performance of real property assets by applying economic, managerial, legal, physical and technical aspects of property and asset management.
- Analyse the role of property managers in asset management, and evaluate their impact on the performance of real property assets in a diversified investment portfolio.
- Present solutions through written communication.
- Collaborate strategically in professional contexts to develop the strategic asset management (SAM) plan.
Content
Learning outcomes will be achieved through coverage of the following topics:
- The role of the property manager and asset manager in maximising the investment performance of a property portfolio
- Consumer and business ethics are incorporated throughout the program with particular emphasis on State and Federal legislation and regulation in relation to office, retail and industrial property management
- Strategic management of real estate assets, from both an owned and leased perspective
- Current practice in respect to Corporate Real Estate and Asset Management (CREAM) with particular emphasis on methods, types and benchmarking
- Sustainability initiatives in the commercial building and property management sectors
Learning Approaches
This unit engages you in your learning through a theory to practice approach via a weekly two (2) hour lecture and one (1) hour tutorial, with interactive activities. In lectures, you will engage in collaborative activity with peers and lecturers. You will work with experts and peers to develop effective methods/approaches for communicating, retrieving, evaluating and presenting information. You will engage with the property professionals and industry property managers to have insights on the real-world learning experience and career development. In tutorials, you will do an active and experiential learning activities which allow you to connect and collaborate with your peers.
Feedback on Learning and Assessment
Feedback in this unit is provided in the following ways:
- Marking rubrics will be provided to show the expectations for each assessment item.
- Marking rubrics with comments will be returned to you via the online submission portal.
- Lecture / consultation sessions are available for group and individual feedback prior to the completion of assessments.
- Self and peer feedback on task allocation, quality and contribution.
- Online activities
- Generic comments will be provided via QUT Canvas and in class.
This unit will engage practising property managers to provide professional feedback throughout the whole unit.
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes and has been designed to provide the opportunity for you to perform real world tasks and develop skills in working with professional teams. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Report
Part A: Property manager performance critique (past 3 years)
You are a property management consultant and you have been asked by an owner to review the performance of their property manager over the past three years. You have obtained an information memorandum for each property in their portfolio as at today. Your task is to identify the skills that were (or should have been) employed by the property manager in order to maximise the performance of these assets in light of the property market and economic conditions in recent years.
Part B: Strategic asset management (SAM) plan [Short, medium and long term view]
Having determined the existing property management issues for this portfolio in Part A, the owners have now asked to you submit a brief strategic asset management (SAM) plan for the portfolio that provides your interpretation of market forecasts, and what the owners need to consider to keep the buildings marketable. You are required to present your SAM plan to the owner.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
Final written examination. The final exam will allow you to apply the knowledge and skills developed throughout the entire unit and communicate your answers in a concise written format. This examination will be undertaken during the centrally timetabled examination period.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Prior to any off campus class activities that you may be required to undertake in this unit, a risk assessment will be prepared and informed on the unit Canvas site. You will receive a briefing regarding any specific hazard and risk related instructions from your field leader before commencing the activity.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.UD05 Bachelor of Property Economics
- Apply theoretical knowledge and technical skills, including fundamentals of building construction and knowledge of legal, social, cultural, and technological contexts, required to manage property assets and investment portfolios; analyse property markets, the drivers of property value and the feasibility of development; and identify future funding and transaction processes.
Relates to: ULO1, ULO2, Report, Final Exam - Think critically and innovatively to solve problems by applying methodologies and calculations to identify innovative solutions and sustainability strategies and evaluate the feasibility of property development and investment opportunities.
Relates to: ULO1, ULO2, Report, Final Exam - Analyse data using current proprietary software and strategies to evaluate financial and property market trends to inform current and future property decisions.
Relates to: ULO1, Report, Final Exam - Communicate and collaborate strategically in professional contexts with diverse stakeholders
Relates to: ULO3, ULO4, Report, Final Exam - Display professional, ethical judgment and initiative, adapt to social, economic, technological and environmental challenges, and lead and manage people with consideration for different cultural perspectives and priorities.
Relates to: ULO2, Report