SITI ZUBAIDAH HASHIM Master In Property Investment UiTM, Bachelor In Building Surveying (Hons) UiTM

Asset management is one of the concept to sustain the function of the asset and can achieve their objectives.
Its involve in different technique, discipline, process and activities including Demand Management, Risk Management, Value Management, Life Cycle Cost and Economic Evaluation. Factors of asset management: Life cycle cost and asset management principle Asset management requirement Law Strategic planning agency

Environmental impact, technical capacity, commercial potential.

Demand competition

 Optimize

the potential of asset facilities maintenance management Reduce the demanding of new assets Get a best return through economic evaluation by using a life cycle cost, value management and risk management. Reduce the assets which is having a high maintenance cost. Focus on the decision making and prepare a report and information data.

REQUIREMENT

ASSET ANALYSIS

ASSET USED MANAGEMENT

ECONOMIC VALUATION

RECORD, VALUATION AND REPORT

ASSET MANAGEMENT

PLANNING

SUBSTANCE ASSET PRICE EVALUATION

BUDGETING

ANALYSIS REQUIREMENT Decision making will achieve the objectives PRICE EVALUATION

- To study on the overall facilities and infrastructure of the assets.

- Systematic evaluation on the cost and benefits of decision making for asset and nonasset.

Can used technique Value Management and Life Cycle Cost. ASSET MANAGEMENT PLANNING To achieve the main objectives Risk valuation and budgeting Observe the facilities requirement during the planning process. BUDGETING Capital cost and maintenance cost

- Cost for development and operation

-

PRICE EVALUATION To determine the price of assets Based on true value of development cost, constructions, buying, operation, maintenance Return on investment (ROI),operation expenditure, maintenance and value price depreciation.

CREATION AND DISPOSAL

Physical inspection and economic valuation Creation- constructions, revenue, research and productivity. Disposal- renting, selling, mortgages RECORD, VALUE AND REPORT

For decision making based on facts and information data

Keeping an asset data CURRENT ASSET MANAGEMENT The important of facilities provided in decision making of maintenance aspect. The effectiveness of maintenance will affect the life of the assets.

Physical

Financial Functional

 Fit for purpose, minimize occupation cost, emergency repair e.g: user satisfaction, profitability of function Functional occupancy cost

Maximize income, capital growth, return of investment (ROI) Financial Payback, NPV, Internal Rate of Return (IRR)

Physical

Objectives: Improve Efficiency, maintain physical condition, enhance the property e.g: health & safety, running cost, emergency repair

 DEFINITION

Space management is a process of planning space requirement, identify weakness, allocations of current necessary space to the clients, monitoring usage, helping users identify space usage problems and solve space management issues. Including the quality of the space provided to the clients.
Ahmadfauzi, 2000

Space management is one of the elements within the asset management structure of either private or government buildings.
Normally governments building asset management was conducted by the in- house team, in which a department was established within the main department with responsibility to manage asset management within the organization.

The Malaysia government looking seriously towards a better asset management for governments property which include space management.
Space management issues embedded Malaysian governments property includes failures of spaces to achieve functional optimization and limited numbers of facilities to support space functionality. Space Management planning will increase the monetary profit and the effectiveness of source usage.

Functionality

To ensure organization functionality is suitable with optimization of building space

Consistency

To ensure space management is carried out consistently and systematically in achieving organization objectives

Efficiency

To ensure space being used efficiently, in good control and bring maximum profits to the organization

Even though space management required control over space usage, the element of flexibility is not ignored such as when there is expansion of staff or staff reduction

Flexibility

Cost

The effective space management which have considered planning, execution and monitoring elements will result in overall cost reduction and maintenance cost decrease

To fulfilling the workplace needs of business growth

Meeting the individual operating divisions needs of business

Maximizing the investment/ capital value of the portfolio.

Duties expected of a property manager include finding/evicting and generally dealing with tenants, home repair, home improvement, cleaning, garden maintenance, landscaping and to be coordinated with the owner's wishes.
Such arrangements may require the property manager to collect rents, and pay necessary expenses and taxes, making periodic reports to the owner, or the owner may simply delegate specific tasks and deal with others directly. A property manager may arrange for a wide variety of services, as may be requested by the owner of the property, for a fee. Property manager might arrange for heightened security monitoring, house-sitting, storage and shipping of goods, and other local subcontracting necessary to make the property comfortable when the owner is in residence (utilities, systems operating, supplies and staff on hand, etc) The property manager has a primary responsibility to the landlord and a secondary responsibility to the tenant. The relationship the property manager has with the landlord and with the tenant are crucial in forming the expectations of both parties to the lease since both parties will seek and expect certain rights and benefits out of it.

 To

ensure the quality of the facilities Provide the methods and technique of asset management To help on the planning and creation of the asset To appoint an assistant for operation implementation and asset maintenance- inhouse or out source

TYPES OF ASSET

CURRENT ASSET

NON CURRENT ASSET

PHYSYCAL ASSET

PHYSYCAL ASSET
ASSET TAK ALIH BUILDING ASSET

NON CURRENT ASSET

NON PHYSYCAL ASSET

 Property

manager

Building maintenance Lease renewals Refurbishment

Property

user

A place to work Meet clients Treat patients

 Proper

information about the properties is available, in usable form, it can provide the basis for stronger control and even the information to increase the property value.
a workable property management program may require several different types of operating and accounting systems.

Establishing

 Lack

of understanding of the role and contribution of property Lack of awareness of the value of property Limited division between the role of landlord and tenant Management of property reactive Property information is incomplete, inaccurate, inaccessible and fragmented

 Property

Current Future Volume/amount/type Location Intensity Quality Cost Value/ investment

What?

 today, people can be more choiceful about places. Many are no longer limited to living where the company want them to work. And what do they want in making these choices? They want compelling places in which to work, learn, shop, play and prosper. ( Stephen Roulac, 2004)