Property Asset Management

Document Type:Coursework

Subject Area:Management

Document 1

As such, in this case, the organization in question seeks to reduce the staff headcount from 10,000 FTE to 7,500 FTE as a proposal, and from this, there will be a number of property challenges that will be experienced. Therefore, in order to present the challenges that will be realized in the downsizing of the workforce within the organization, it will be essential to present the paper in a short proposal setting that will highlight the key task and timeline that will be set out by the organization. The main aim of the reduction of the workforce as presented by the organization is to come up with strategic asset management which in this case will be realized through the reduction of the workforce headcount from 10,000 FTE to 7,500 FTE. As a part of the strategic asset management component, the main components, in this case, will as such include the strategy that the organization will take, the programmes, the delivery, the reviewing and the change. As such, the first part of the proposal will begin with the components of the strategic asset management in relation to the assumptions that are presented within the organization. Strategy The strategy component of strategic management entails a number of features such as the business drivers, the financial drivers, asset strategy and also the asset management plan (Garleanu, and Pedersen, 2018). As such, based on this aspects, the downsizing plan was taken by this competitive which will have an impact on the ownership aspect of the company, the location, age and also lease terms.

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To begin with, the component is more aligned with the specific fulfilment of an organizational goal and as such, aligning the property of the organization to its goals. The location of the business, which in this case will be in addition to the five office buildings that will be left and also the age of the employees that will be downsized. Programmes This is the second component of the strategic asset management, and it will entail the asset reviews, the business cases, financial planning for the assets and the asset programmes (Manase, 2015). On the other hand, change entails the changes in asset management and other forms of change such as corporate, AM services change and also the attributes that are required (Ang, 2014). Therefore, utilizing these aspects, the proposal will look at the alignment of the downsizing with regards to other functions within the organization such as leadership, culture, customers, structure, roles, responsibilities and governance among other aspects that are important within the organization and asset management.

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The main aims of the proposal will be the realization of efficient running costs after the downsizing from the 10,000 FTE to 7,500 FTE. Challenges that may be realized when downsizing the workforce The effectiveness of the transition after downsizing is among the key challenges that face any organization that may opt to downsize its workforce. A decent asset management strategy can enhance operational execution, limit entire life expenses and bolster an association's corporate objectives as Gregory et al. At its most fundamental level, great resource arranging can enable an association to choose whether it entirely to buy a thing and assuming this is the case, regardless of whether to buy, rent or contract it. At the season of acquiring an advantage, it's additionally fundamental that the offices proficient characterizes its administration necessities; what it's required to do, the base satisfactory condition and how its administration levels can be estimated.

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The administration levels should consider the potential results of disappointment and least condition review, both of which will nourish into the benefit's criticality positioning (Mahmood et al. Effective good asset management begins by building up an advantage enlist, which contains all appropriate resource data. The enrol should bolster into asset management programming, which contains data about the advantage's support plan, and in addition getting ready for trade and keeping a record of protection and examiners (Rivette et al. A carefully conceived support design and the correct sort of upkeep will expand the life of a benefit. For example, the information contained in the advantage administration programming will assist the office's administrator with ascertaining whether, for instance, contributing ten for every penny more per annum in support expenses would twofold the life of a benefit.

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Understanding the criticality of every upkeep asks for, arranged or responsive, is likewise a key aspect of proactive asset management. Scoring these by need where 0 is a low need, and 100 is high will enable the office's administrator to welcome the criticalness of employment and furthermore build up a comprehension of a benefit's qualities to settle on educated choices on the recurrence of upkeep or reviews (Bryne, 2016). Maintenance of the organization ought to be aligned with the performance aspects and other operations as well. Programming can deal with the whole resource administration process; from resource disclosure and condition checking through to resource following and condition administration. It can build up obvious working expenses and bolster ideal life methodologies and additionally enhance auditability and straightforwardness of an association's advantage base. Inside the entire situation, it is basic to think about the compelling utilization of the product to cut back adequately.

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A key preferred standpoint of actualizing programming is the permeability of information. For the information to be valuable, the association must have a reasonable and steady way to deal with confirmation, remedy and administration. The situation of holding the tenanted property is based on the aspects of one, the landlord and the tenant coming to an agreement to lease a property and as such, it has to have aspects such as communication are important. Tenancy is also important in the sense that both parties benefit. For the landlord, they benefit moneywise where they will earn more with regards to the amount that they will receive from the tenant and the tenant will satisfy their needs with the tools or the property that they will lease from the tenant (Jones and White, 2008).

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A good example is when an individual who owns a building leases the apartment to another person, who in this case will be the tenant. As such, the expected outcome is that the relationship is fruitful. Therefore, in this case, the realization of the importance of value is of great concern, and as such, the investment portfolio defines or presents the scope and parameters that the landlord will get from the tenancy of the property. In general, the more than a landlord has, the more the need for an investment portfolio to keep track of the property that one owns or had. The barriers to an effective investment portfolio as such may include the lack of a good plan or approach. The need to invest in tenanted property to improve performance Property asset management is a key aspect, and it is intertwined with other aspects such as performance.

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In this case, performance is essential in that it has to be intertwined with the important factors of property asset management. Jardine, A. K. and McGlynn, J. eds.  Asset management excellence: optimizing equipment life-cycle decisions. B. and Pedersen, L. H. DP12664 Efficiently Inefficient Markets for Assets and Asset Management. Gregory, T.  Portable computing device and method for asset management in a logistics system. U. S. Patent 9,002,679. Jones, K. A benefits realization management building information modeling framework for asset owners.  Automation in construction, 37, pp. Mahmood, M. N. Dhakal, S. Rivette, K. G. Rappaport, I. S. Hohmann, L. U. S. Patent 9,092,545. Swanson, T. Great chain of numbers: A guide to smart contracts, smart property and trustless asset management.

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