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PROP19002 - Property & Asset Management

General Information

Unit Synopsis

Historically, property management was limited to day-to-day operational and administrative tasks associated with the functioning of commercial property. However, the holding and use of real property has emerged over the past several decades (and continues to develop) as a critical component of corporate strategic asset management. It is now widely recognised that corporate investment objectives can only be achieved through management that maximises the value of all asset classes, including the property portfolio held by a corporate entity. This has resulted in a hierarchical approach to property asset management, from corporate real estate management, through facilities management to routine operational management. This unit will provide you, as a prospective property professional, with a clear appreciation of the functions, roles and responsibilities of the stakeholders at the various levels of the property asset management hierarchy within the broader context of the economic, legal, physical and financial parameters that govern the property industry. As an advanced unit, this unit builds on, and assumes basic competencies garnered from the units, you the student have already completed in the Bachelor of Property course.

Details

Level Undergraduate
Unit Level 2
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

Pre-requisites: ACCT11059 and LAWS19035

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2016

Term 2 - 2017 Profile
Distance

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Written Assessment 20%
2. Written Assessment 30%
3. Examination 50%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University’s Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

Term 2 - 2017 : The overall satisfaction for students in the last offering of this course was 4.3 (on a 5 point Likert scale), based on a 66.67% response rate.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: Unit evaluation survey
Feedback
The assessment items worked well to support the learning content and to get real world experience.
Recommendation
We will update the assignment items again to add more practice related contents.
Action Taken
Assignments 1 and 2 have been updated with specific tasks and practices related contents were supplied to all students.
Source: Unit evaluation survey
Feedback
Nurturing support from the unit coordinator was very helpful.
Recommendation
We will provide additional tutorial supports for all students.
Action Taken
Additional tutorial supports have been provided.
Source: Unit evaluation survey
Feedback
The pre-recorded video lectures were not easily understandable.
Recommendation
We will review all recorded lectures and either all or some lectures will be re-recorded next year with appropriate care.
Action Taken
Tutorial sessions have been recorded and uploaded to the unit Moodle site.
Source: Unit Evaluation Survey and Emails
Feedback
Nurturing support from the Lecturer and new course materials were very supportive.
Recommendation
We will continue to strengthen the tutorial supports.
Action Taken
Nil.
Source: Unit Evaluation Survey
Feedback
A combination of conceptual and practical blend in the content and assignment design increased the student's learning outcome and satisfaction with this unit.
Recommendation
We will continue to monitor at a very micro-level to further strengthen the relationship between theories and practices of property management.
Action Taken
Nil.
Source: Unit Evaluation Survey
Feedback
The lecture video volume was a little low and sometimes it was hard to follow the audio.
Recommendation
We will increase lecture's audio volume next year.
Action Taken
Nil.
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Have a good theoretical and practical working knowledge of asset planning, maintenance management, lease management, financial management, performance management, systems and reporting insofar as those functions relate to the management of real property assets.
  2. Have a sound understanding of the management of real property assets at the corporate, strategic and operational levels.
  3. Have a sound understanding of the economic, legal, physical, financial, social and environmental parameters that govern the establishment, holding, use and income generation of real property assets.
  4. Have a broad understanding of the historic, contemporary and potential future issues facing property asset management in the property industry.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Written Assessment
2 - Written Assessment
3 - Examination
Alignment of Graduate Attributes to Learning Outcomes
Introductory Level
Intermediate Level
Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
6 - Information Technology Competence
8 - Ethical practice
Alignment of Assessment Tasks to Graduate Attributes
Introductory Level
Intermediate Level
Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9
1 - Written Assessment
2 - Written Assessment
3 - Examination