Course Title: Asset Management

Part A: Course Overview

Course Title: Asset Management

Credit Points: 12.00

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

OMGT1130

City Campus

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

 Sem 2 2006,
Sem 1 2009,
Sem 1 2010,
Sem 1 2011,
Sem 1 2012

Course Coordinator: David Higgins

Course Coordinator Phone: +61 3 9925 2214

Course Coordinator Email: david.higgins@rmit.edu.au

Course Coordinator Location: 8.8.9

Course Coordinator Availability: Make appointment by phone or email


Pre-requisite Courses and Assumed Knowledge and Capabilities

Although no formal prerequisites apply, in order for students to successfully participate in this course, a sound knowledge base of the Property, Construction and Project Management field, would be expected.

Capabilities in this course build on those formerly developed in:

OMGT1122 Investment Evaluation
OMGT1147 Property Investment
OMGT1138 Property Development
OMGT1155 Property Funding & Portfolio Management

Reading and research will be expected in preparation for class, particularly as discussion and contributions from students are encouraged. The course relies on students undertaking readings and research in the non-contact hours each week.


Course Description

This course is a core course to the non-valuation streams and deals with the administration of various types of property.  It aims to promote an awareness of the attributes of different solutions in the management of individual properties and portfolios of properties, the enrichment of the value of the investment and the continuing review of the real estate asset.

This course uses practical applications and industry knowledge to provide the ability to apply the latest asset and property management strategies to maximise asset value.


Objectives/Learning Outcomes/Capability Development

At the conclusion of this course it is anticipated that students will have an increased awareness of the various issues that affect the value of an asset (property) in relation to its ongoing management.


This course will provide students with the ability to: 

  • analyse information to continue to provide added value to the asset.
  • communicate with a wide range of clients, authorities, professionals and other stakeholders.
  • adopt a strategic view where problems are part of a larger system, and where feasible solutions must respect the future goals and aspirations of numerous stakeholders.
  • link strategic thinking with operational action – to use holistic perspectives to inform day to day decision and actions.
  • negotiate equitable outcomes in property transactions, recognising the rights of each party, and achieving the best outcome for the owner/stakeholders.
  • discuss the topics covered in the course logically and professionally and to draw on professional practice and other experience to achieve a defensible position.
  • apply the latest asset and property management strategies and technology. 
  • produce a professional report and verbally communicate the outcomes to fellow professionals, taking a defensible position.
  • recognise best practice, and implement strategies that allow it to be achieved.
  • Knowledge of the application of strategic thinking to day to day management problems, keeping in mind the holistic view and the strategies of the owners of the property.


Overview of Learning Activities


This course is run in an inter-active classroom environment, which relies on students undertaking the base research and referencing, as directed, in the non-contact hours each week.
It is a core unit, and deals with an area where there is an increasing reliance on the outcome of the recommendation/s.

Students are therefore required to demonstrate a detailed understanding of the material covered as it forms an important cornerstone of professional practice.


Overview of Learning Resources

 

There is no prescribed text for this course, however there is a recommended text which is available from the e-library. Students are expected to carry out their own research relevant to the topics covered and assessment tasks set.  Attendance at Lectures is required to participate in the student and industry presentations. Relevant readings will be posted on the Learning Hub.


Overview of Assessment




The assignments and class exercises are based around practical applications, which will demonstrate the ability to analyse and apply information, to achieve a favourable outcome to the stakeholder(s), whilst maintaining or improving asset value. 

The following standard requirements for the School of PCPM apply:

  • Submission Dates

    Due dates for assignments should be considered deadlines.
    A school cover sheet is required for all work submitted. The sheet must be completed and duly signed by all parties to the work.
    Requests for variation to any assessment requirements must be sought in writing prior to deadlines, providing reasons and relevant supporting documentation.
    Students with disabilities may request different forms of assessment and should contact the Disability Liaison Unit.
  • Changes to Assessment

    The method of assessment (including submission dates) in the course guide may be altered by the lecturer with the approval of the Program Coordinator and the agreement of 70% of the students enrolled in the class. Any alterations will be notified to all students concerned in writing.