Asset Management – A course to help us to understand the importance of assets

• 31 July 2019
• Local News
• 2176 Views

The Royal Chartered Institute (RCI) will be conducting the 1st Module under the Certificate of Asset Management, which is Asset Management on 07 September 2019. The lecturer will be Dan Davies from the United Kingdom.

What is an asset?
Assets are normally described as property in normal terms. In real estate, assets can cover infrastructure, property, land, buildings etc. (RICS 2012)
Under-managed property
The Royal Institute of Chartered Surveyor (RICS) stated in 2012 that the following are examples of under-managed property:
1. Maintenance backlogs
2. Energy inefficient
3. A poor fit between service requirements
4. Poor accommodation for staff
5. Limited co-location of public services
6. Ineffective procurement of property, construction and property support services
7. Inefficient use of capital
8. Insufficient control over running costs

The importance of asset management
In the real estate market, most developers will only think of constructing and selling houses to gain revenue. However, in a sustainable environment, an asset manager will need to play three important roles which are; 1) Maximize the value; 2) Maximize the return; 3) Minimising the risk in the real estate market. Generating nett operating income (NOI) by leasing and maintenance works, determining the optimal sales, managing the construction budget, constantly monitoring the market, and many other actions are what we will learn from the Asset Management module. In the end we will need to provide a strategic asset management plan for individuals or corporations.
Invitation

The Royal Chartered Institute (RCI) would like to invite our readers to visit RCI at Steung Mean Chey Market, 1st floor to know more about the 15-week course on Asset Management in September 2019. Please email and or contact RCI for more information.
Email: info@royal-chartered-institute.com
Tel: 077 377 148 / 012 936 929

• Advertorial
• Analysis
• Projects Development
• Urbanization and Architect