| Risk management planning is a key to successful | | | | proposed site. |
| property development. Risk Management, the science | | | | 2.3 Conceptual Phasing Plan |
| of analyzing the risk areas as they have the greatest | | | | Enables owners to review long term and short term |
| impact allows property investors assign resources | | | | project phasing and the impacts on facility criteria |
| appropriately and/or assess feasibility of property | | | | such as operations, capital expense, projected |
| development projects. | | | | business growth etc. |
| A clear understanding of the development process | | | | Level 3: Environmental Plan |
| and the ability to quantify risk areas will provide | | | | 3.1 Introduction to Sustainable Building Strategies |
| investors with the competitive advantage they need | | | | Enables property owners to consider different |
| to emerge from the pack in the new economy. | | | | environmentally conscious planning strategies and |
| Listed below is an outline of the levels of risk | | | | assess impact on long term building costs. |
| management due diligence key to property | | | | 3.2 Environmental Evaluation |
| development and property planning. | | | | Enables property owners to have conceptual |
| Level 1: Impacts Assessment | | | | environmental survey of existing facilities to be used |
| 1.1 Industry Standards Assessment | | | | as a reference point in future planning projects. |
| Analytical assessment enables property owners to | | | | 3.3 Sustainable Building Recommendations |
| compare existing facilities with business and industry | | | | Propose conceptual environmental building strategies |
| standards. The evaluation of industry standards can | | | | appropriate as updates to the existing facilities. |
| be used as a baseline for planning physical building | | | | Level 4: Risk Management Plan |
| projects. | | | | 4.1 Review of Surveys and Reports |
| 1.2 Socioeconomic Impacts Assessment | | | | Enables owners to have quick check technical |
| Analytical assessment enables property owners to | | | | evaluation of a site prior to investing extensive time |
| determine status of socioeconomic impacts on | | | | or resources. |
| existing and planned future facilities with respect to | | | | 4.2 Zoning Analysis |
| changes in the business environment. The | | | | Enables property owners to assess investment risk |
| assessment can be used to help identify social, | | | | based on how well the proposed site plan and building |
| cultural and economic impacts for planning physical | | | | meet local planning and zoning requirements. |
| building projects. | | | | 4.3 Building Code Analysis |
| 1.3 Operational Needs Assessment | | | | Enables owners to assess investment risk based on |
| Inclusive process enables property owners to identify | | | | impacts of current building codes and local |
| general business and operational needs which will be | | | | amendments. |
| used as a baseline for planning physical building | | | | 4.4 Risk Management Scheduling |
| projects. | | | | Enables owners to assess overall investment risk as it |
| 1.4 Condition Assessment (Existing Properties) | | | | relates to project timing and requirement for project |
| Enables existing property owners to better manage | | | | funding. |
| their facilities and establish budgets for maintenance | | | | 4.5 Cost Estimating |
| and repair. | | | | Enables owners to evaluate investment risk as it is |
| 1.5 Identification of Strategic Planning Objectives | | | | impacted by overall project cost and provides |
| Enables owners to identify key programming needs | | | | comprehensive figure for construction related costs |
| as it relates to planning for future site and building | | | | to be incorporated into project financial analysis. |
| projects. | | | | Level 5: Implementation Plan |
| Level 2: Concept Development | | | | 5.1 Long Range Physical Planning Strategy |
| 2.1 Conceptual Site/Campus Planning | | | | Executive summary format enables property owners |
| Enables owners to assess investment risk based on | | | | to have a concise integrated guide for long range |
| how well the programmed site elements fit and | | | | planning of physical facilities. |
| function on the available site. | | | | 5.2 Short Term Physical Planning Strategy |
| 2.2 Conceptual Building Planning | | | | Executive summary format enables property owners |
| Enables owners to assess investment risk based on | | | | to have a concise integrated guide for short term |
| how well the programmed building elements function | | | | planning of physical facilities. |
| in a basic building configuration as it is located on the | | | | Make a plan. Have a plan. You'll be glad you did! |