Risk management planning is the key to successful property development. Risk management and the science of risk areas analysis, as they have the greatest impact, allows real estate investors to allocate appropriate resources and / or assess the feasibility of real estate development projects.
A clear understanding of the development process and the ability to quantify risk areas provide investors with a competitive edge that needs to be extracted from a new economy package.
Below we outline the level of risk management screening keys for real estate development and property planning.
first level: impact assessment
1.1. Industrial Standard Evaluation
An analytical assessment allows property owners to compare existing facilities with business and industry standards. Evaluation of industrial standards can serve as a basis for designing physical construction projects.
1.2. Assessment of socio-economic impacts
An analytical survey allows property owners to identify the socio-economic impacts of existing and planned future facilities for changes in the business environment. The assessment can be used to identify social, cultural and economic impacts in the design of physical construction projects.
1.3 Operational Needs Assessment
The inclusive process enables property owners to identify general business and operational needs that are the basis for designing physical construction projects.
1.4 Status Survey (Existing Properties)
Allows existing property owners to better manage their facilities and create maintenance and repair budgets.
1.5 Identifying Strategic Design Purposes
Allows owners to identify key programming needs as they relate to future site and building projects design.
2nd Level: Concept Development
2.1 Conceptual Site / Campus Design
Allows owners to assess the investment risk of how well programmed site elements are fit and operate on the available site.
2.2 Conceptual Building Design
Allows owners to assess the investment risk of how well designed building elements work in a basic building as it is located on the proposed site.
2.3 Conceptual Phasing Plan
Allows owners to review long-term and short-term project phases as well as impact on facility criteria, such as operations, investments, and forecast business growth.
3rd Level: 3.1 Introduction to Sustainable Construction Strategies
Enables property owners to take into account various environmentally aware planning strategies and valuation effects for long-term construction costs.
3.2 Environmental Impact Assessment
Allows property owners to carry out a conceptual environmental assessment of existing facilities that will serve as a reference point for future planning projects.
3.3 Sustainable Construction Recommendations
Suggested Contextual Environmental Construction Strategies that Meet Upgrades to Existing Facilities.
4th Level: Risk Management Plan
4.1 Overview of Surveys and Reports
Allows owners to quickly review the site's technical assessment before investing intense time or resources.
4.2 Zones Analysis
Allows property owners to assess the investment risk that the planned site design and building adequately fit local planning and spatial planning requirements.
4.3 Building Code Analysis
Allows owners to assess their investment risk based on current building codes and local changes.
4.4. Risk Management Schedule
Allows owners to assess total investment risk as it relates to project timing and project financing requirement.
4.5 Cost estimate
Allows owners to assess investment risk as it is influenced by the overall cost of the project and provides a comprehensive figure for the construction costs to be included in the financial analysis of the project.
5th Level Implementation Plan
5.1 Long Term Physical Design Strategy
The executive summary format allows property owners to provide a solid integrated guide to long term planning of physical facilities.
5.2 Short Term Physical Design Strategy
The summary format allows real estate owners to have a solid integrated guide to short term planning of physical facilities.
Creating a Plan. He has a plan. You will be happy.
Source by sbobet