Property Risk Management - 5 levels of Assessment for Successful Project Start Up

Planning the future of existing properties shouldListed below is an outline of the levels of due
always begin with an Impacts Assessment. Beforediligence that would apply to projects with program
determining what to do with your building or buildingsintensive use.
you must first find out what you have to work with.Impacts Assessments
Property owners should become aware of how their1 Industry Standards Assessment
building stacks up against other similar buildings in theAnalytical assessment enables property owner to
marketplace.compare existing facilities with business and industry
Once the impacts are defined and assessed, ownersstandards. The evaluation of industry standards can
can start to think about strategic planning objectivesbe used as a baseline for planning physical building
based on the needs that were revealed in theprojects.
assessment phase.