Course outline Code: PED312 Title: Property and Asset Management Faculty of: Arts and Business School of Business Teaching Session: Semester 1 Year: 2015 Course Coordinator: Professor Mike Hefferan Office: Building B Office of the Pro Vice-Chancellor (Engagement) Telephone: (07)5456 5169 Email: mhefferan@usc.edu.au Consultation Times: By appointment, please contact Executive Assistant Lynn Darnell on 5456 5028 1. What is this course about? 1.1 Course description This course links the strategic objectives of property ownership, investment and portfolios with the operations and functions of the individual asset. The course therefore includes strategies in asset management techniques, tenancy management, operational and facilities management, and the establishment and operation of service contracts. The course emphasises practical application and case studies and also addresses a range of contemporary issues faced by owners and managers, including changing tenant demands and profiles, workplace management and sustainability. 1.2 Course content Introduction to course The Economy and its components Key economic sectors o Finance o Property / Assets o Development / Construction Property Portfolio Theory o Income, Risk and Capital Value Property sectors (Commercial) Property Sector (Retail) Property sectors (Residential and not-for-profit) Investigation of a Major Property Asset Property Management / Tenancy Management Facilities Management and Contract Marketing Property and related issues Taxation Contemporary Issues o Sustainability Environmental Health
Page 2 2. Unit value 12 units 3. How does this course contribute to my learning? Specific Learning Outcomes Assessment Tasks Qualities On successful completion of this course you should be able to: Communicate an understanding of property management and the process required to optimise asset and portfolio performance. Demonstrate a social, environmental and economic awareness of property as sustainable personal, financial and community assets. Apply scholarly practices through disciplinary and interdisciplinary knowledge enabling the formulation of innovative solutions to property management. Demonstrate high standards of ethical behaviour, independence of thought and professionalism in the assessment of, and dealings with, property assets, their owners and the community. You will be assessed on the learning outcome in task/s: 2 and 3 Knowledgeable. Completing these tasks successfully will contribute to you becoming: 1 Sustainability-focussed. 2 Empowered. 1 Ethical. 4. Am I eligible to enrol in this course? Refer to the Coursework Programs and Awards - Academic Policy for definitions of pre-requisites, corequisites and anti-requisites 4.1 Enrolment restrictions Nil 4.2 Pre-requisites Nil 4.3 Co-requisites Nil 4.4 Anti-requisites PAM310
Page 3 4.5 Specific assumed prior knowledge and skills Fundamental knowledge of economic theory and its application to the property sector 5. How am I going to be assessed? 5.1 Grading scale Standard High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL) 5.2 Assessment tasks Task No. Assessment Tasks Individual or Group Weighting % What is the duration / length? When should I submit? 1 Essay Individual 20% 1500 words Week 5, Monday, 5pm AEST 2 Case study report 3 Final examination Individual 30% 3000 Words Week 11, Monday, 5pm AEST Individual 50% 2 hours Central examination Period Where should I submit it? SafeAssign SafeAssign In exam venue Assessment Task 1: Essay Goal: To enable you to demonstrate awareness of the role of property in the wider economy and financial sectors. The essay is an opportunity to demonstrate an analytical approach, independence of thought, and ethical professionalism. Product: Written essay with a word count of 1500 words. Format: This is an individual assessment. See USC Portal (Blackboard) for more information. Criteria Demonstration of social, environmental and economic awareness of property as sustainable personal, financial and community assets. Demonstration of high standards of analytical skills, ethical behaviour, independence of thought and professionalism in the assessment of, and dealings with property assets, their owners and the community. Professional standard of written presentation utilising relevant literature and industry benchmarks. Generic skill assessed Skill assessment level Information literacy Communication Assessment Task 2: Case study report Goal: Product: Format: To enable you to effectively describe property asset management strategies and the process required to optimise asset and portfolio performance. The study report is an opportunity to apply scholarly practices to enable the formulation of innovative solutions to property and asset management. Case study report with a word count of 3000 words. This is an individual assessment. See USC Portal (Blackboard) for more information.
Page 4 Criteria Communication of property management and the process required to optimise asset and portfolio performance. Application of scholarly practices to enable the formulation of innovative solutions to property management. Professional standard of written presentation utilising relevant literature and industry benchmarks. Generic skill assessed Skill assessment level Problem solving Communication Assessment Task 3: Final examination Goal: To demonstrate your wide understanding of asset and property management in theory and practice. Product: Two hour closed book examination. Format: This is an individual assessment. See USC Portal (Blackboard) for more information. Criteria Communication of asset and property management theory and practice and the process required to optimise asset and portfolio performance. Generic skill assessed Skill assessment level Communication Information literacy 5.3 Additional assessment requirements SafeAssign In order to minimise incidents of plagiarism and collusion, this course may require that some of its assessment tasks are submitted electronically via SafeAssign. This software allows for text comparisons to be made between your submitted assessment item and all other work that SafeAssign has access to. If required, details of how to submit via SafeAssign will be provided on the Blackboard site of the course. Eligibility for Supplementary Assessment Your eligibility for supplementary assessment in a course is dependent of the following conditions applying: a) The final mark is in the percentage range 47% to 49.4% b) The course is graded using the Standard Grading scale c) You have not failed an assessment task in the course due to academic misconduct 5.4 Submission penalties Late submission of assessment tasks will be penalised at the following maximum rate: 5% (of the assessment task s identified value) per day for the first two days from the date identified as the due date for the assessment task. 10% (of the assessment task s identified value) for the third day 20% (of the assessment task s identified value) for the fourth day and subsequent days up to and including seven days from the date identified as the due date for the assessment task. A result of zero is awarded for an assessment task submitted after seven days from the date identified as the due date for the assessment task. Weekdays and weekends are included in the calculation of days late. To request an extension you must contact your course coordinator to negotiate an outcome.
6. How is the course offered? 6.1 Directed study hours On campus : 2 hours per week On campus : 1 hour per week Page 5 6.2 Teaching semester/session(s) offered Semester 1 6.3 Course activities Teaching What key concepts/content will I Week / learn? Module What activities will I engage in to learn the concepts/content? Directed Study Independent Study Activities Activities 1 Introduction to course The Economy and its component 2 Key economic sectors - Finance - Property / Assets - Development / Construction 3 Property Portfolio Theory - Income, Risk and Capital Value 4 Continuation from Week 3 5 Property sectors (Commercial / Friday, 3 rd April Good Friday Public Holiday Retail) Mid Semester Break 6 Case study Field trip 7 Property sectors (Residential and notfor-profit) 8 Investigation of a Major Property Asset 9 Property Management / Tenancy Management 10 Facilities Management and Contract 11 Marketing Property and related issues 12 Taxation Contemporary Issues - Sustainability - Environmental Health 13 Review
Page 6 Study Period Central Examination Period End of Semester Break Please note that the course activities may be subject to variation. 7. What resources do I need to undertake this course? 7.1 Prescribed text(s) Please note that you need to have regular access to the resource(s) listed below: Author Year Title Publisher Hefferan, M 2013 Real Property Studies in Australia: Foundations and Applications Australian Property Institute 7.2 Required and recommended readings Lists of required and recommended readings may be found for this course on its Blackboard site. These materials/readings will assist you in preparing for tutorials and assignments, and will provide further information regarding particular aspects of your course. 7.3 Specific requirements The course may include site inspections and/or a field trip. See USC Portal (Blackboard) for more information. 7.4 Risk management There is minimal health and safety risk in this course. It is your responsibility to familiarise yourself with the Health and Safety policies and procedures applicable within campus areas. 8. How can I obtain help with my studies? In the first instance you should contact your tutor, then the Course Coordinator. Student Life and Learning provides additional assistance to all students through Peer Advisors and Academic Skills Advisors. You can drop in or book an appointment. To book: Tel: +61 7 5430 1226 or Email: StudentLifeandLearning@usc.edu.au 9. Links to relevant University policies and procedures For more information on Academic Learning & Teaching categories including: Assessment: Courses and Coursework Programs Review of Assessment and Final Grades Supplementary Assessment Administration of Central Examinations Deferred Examinations Student Academic Misconduct Students with a Disability http://www.usc.edu.au/university/governance-and-executive/policies-and-procedures#academic-learningand-teaching
Page 7 10. Faculty specific information LOCATING JOURNAL ARTICLES If you have been notified that the journal articles in this course are available on e-reserve, use the on-line library catalogue to find them. For journal articles not on e-reserve, click on the "Journals and Newspapers" link on the Library Homepage. Enter the journal title e.g. History Australia, then search for the volume and issue or keyword as needed. ASSIGNMENT COVER SHEETS The Faculty of Arts and Business assignment cover sheet can be found on Blackboard or on the USC Portal at: Faculty of Arts and Business (Students) > Forms. It must be completed in full identifying student name, assignment topic, tutor and tutorial time. This must be attached securely to the front of each assessment item prior to submission. Claims of loss of assignments will not be considered unless supported by a receipt. HELP: If you are experiencing problems with your studies or academic work, consult your tutor in the first instance or the Course Coordinator as quickly as possible. DIFFICULTIES: If you are experiencing difficulties relating to teaching and assessment you should approach your tutor in the first instance. If not satisfied after that you should approach in order your Course Coordinator, Program Leader then Head of School. General enquiries and student support Faculty Student Centre Tel: +61 7 5430 1259 Fax: +61 7 5430 2859 Email: FABinfo@usc.edu.au