Course Title: Property Asset Management

Part A: Course Overview

Course Title: Property Asset Management

Credit Points: 12.00

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

OMGT1156

City Campus

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

 Sem 2 2012,
Sem 2 2013,
Sem 1 2014,
Sem 1 2015,
Sem 1 2016,
Sem 1 2017,
Sem 1 2018,
Sem 1 2019,
Sem 1 2020,
Sem 1 2021,
Sem 1 2022,
Sem 1 2023,
Sem 1 2024

Course Coordinator: Callum Logan

Course Coordinator Phone: +61 3 9925 2801

Course Coordinator Email: callum.logan@rmit.edu.au

Course Coordinator Location: 8.8.11


Pre-requisite Courses and Assumed Knowledge and Capabilities

You should have satisfactorily completed the prerequisite course OMGT2214 Valuation & Property Principles before you commence this course.

OR

Alternatively you may be able to demonstrate the required skills and knowledge before you start this course.  Contact your course coordinator if you think you may be eligible for recognition of prior learning.  Further information: http://www.rmit.edu.au/browse;ID=x94or0ccuu7k


Course Description

This course will introduce you to the administration and maintenance of various types of property. The objectives of this course are to promote your critical understanding of: the impact of different solutions in the management of individual properties and portfolios of properties, the enrichment of the value of an investment and the continuing review of the 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.

Please note that if you take this course for a bachelor honours program, your overall mark in this course will be one of the course marks that will be used to calculate the weighted average mark (WAM) that will determine your award level. (This applies to students who commence enrolment in a bachelor honours program from 1 January 2016 onwards. See the WAM information web page for more information.)
 


Objectives/Learning Outcomes/Capability Development

Program Learning Outcomes (PLOs)

In this course you will develop the following program learning outcomes:

1. Determine and apply knowledge of complex property and valuation theory to your professional practice and/or further study
2. Professionally communicate to a range of audiences, demonstrating in depth knowledge of the discipline and of the needs of diverse property and valuation stakeholders
3. Apply logical, critical and creative thinking to analyse, synthesise and apply theoretical knowledge, and technical skills, to formulate evidenced based solutions to industry problems or issues
5. Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives
6. Critically examine and reflect on the profession , in local and/or global contexts, and question accepted interpretations and decision making


Course Learning Outcomes (CLOs)

Upon successful completion of this course you will be able to:

  1. Analyse techniques for maintaining and adding value to the property asset.
  2. Interpret and negotiate lease documentation.
  3. Demonstrate your ability to communicate with a wide range of clients, authorities, professionals and other stakeholders.
  4. Apply strategic thinking to negotiate equitable outcomes in property transactions, recognising the rights of each party, and achieving the best outcome for the owner/stakeholders.
  5. Identify and reflect on best practice in property and facility management processes, and implement strategies to enhance the quality and value of assets.


Overview of Learning Activities

This course comprises lectures and workshops. Learning activities in this course includes case study analysis, discussions and guest industry lectures/presentations.


Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems.
A textbook may be required for this course which is supplemented with industry readings.


Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes. Assessment consists of:

  • Task 1: Test 1: Covers lecture material and tutorials from weeks 1-3. 15% weighting. CLO1, CLO3. 
  • Task 2: Individual assignment: Site visit and report on sustainability features including critical review of 171 Collins Street. 30% weighting. CLO2, CLO3, CLO5, CLO6.
  • Task 3: Test 2: Covers lecture material and tutorials from weeks 4-8. 20% weighting. CLO1, CLO3.
  • Task 4: Individual assignment. Operating expenses reconciliation and RTA Act interpretation report. 35% weighting. CLO2, CLO3, CLO5, CLO6.

Feedback will be given on all assessment tasks.

Equitable Learning Services

Equitable Learning Services (ELS) provide support and equal opportunities for students with a disability, long-term illness and/or mental health condition and primary carers of individuals with a disability. You can contact the ELS if you would like to find out more: https://www.rmit.edu.au/students/support-and-facilities/student-support/equitable-learning-services. You can also contact the course coordinator or the program coordinator if you would like to find out more.

An assessment charter (http://mams.rmit.edu.au/kh6a3ly2wi2h1.pdf) summarises your responsibilities as an RMIT student as well as those of your teaching staff.

Your course assessment conforms to RMIT assessment principles, regulations, policies and procedures which are described and referenced in a single document: http://www.rmit.edu.au/browse;ID=ln1kd66y87rc.