Property Risk Management Planning - 5 Levels of Impacts Assessment For Commercial Projects

Planning the future of existing properties should4 Condition Assessment (Existing Properties)
always begin with an Impacts Assessment. BeforeEnables existing property owners to better manage
determining what to do with your building or buildingstheir facilities and establish budgets for maintenance
you must first find out what you have to work with.and repair. Non destructive exterior physical grounds
Property owners should become aware of how theirassessment which identifies critical items, repair items,
building stacks up against other similar buildings in theand general maintenance items as it pertains to
marketplace. Once the impacts are defined andparking, sidewalks, landscaping, site amenities, etc.
assessed, owners can start to think about strategicNon destructive building condition physical assessment
planning objectives based on the needs that werewhich identifies critical items, repair items, and general
revealed in the assessment phase.maintenance items as it pertains to building envelope
Listed below is an outline of the levels of dueand enclosure.
diligence that would apply to program specific buildingProvides photographic survey of exterior and interior
projects.building. Provides structural building assessment which
Levels of Impacts Assessmentsidentifies the condition of the existing building
1 Industry Standards Assessmentstructure and evaluates technical feasibility for
Analytical assessment enables property owner toproposed building expansions. Provides mechanical
compare existing facilities with business and industrysystems assessment which looks at the age,
standards. The evaluation of industry standards cancondition and capacity of existing mechanical
be used as a baseline for planning physical buildingequipment and systems. Provides electrical systems
projects. Identifies building program and materialassessment which looks at the age, condition and
standards as they relate to client image requirementscapacity of existing services and systems.
and program needs. Develops a documented schedule5 Identification of Strategic Planning Objectives
of quality standards to be used in conceptual buildingEnables client to identify key programming needs as
design.it relates to planning for future site and building
2 Socioeconomic Impacts Assessmentprojects. Assembles and documents key
Analytical assessment enables client to determineprogramming needs based on evaluation of industry
status of socioeconomic impacts on existing andstandards, socioeconomic impacts, operational needs
planned future facilities with respect to changes inand condition assessment. Establishes strategic
the business environment. The assessment can beplanning objectives which respond to defined key
used to help identify social, cultural and economicprogramming needs. Develops long term and short
impacts for planning physical building projects.phasing strategies to address key programming
Identifies demographic, economic and cultural trendsneeds as it relates to future building projects.
that relate to future business growth. Develops aThe key to successful risk management planning is in
documented schedule of impacts to be used asthe quality of the due diligence. Performing the
strategic factors in conceptual building planning andcorrect type of analysis at the proper time can take
design.the guesswork and much of the risk out of a
3 Operational Needs Assessmentpotential acquisition or reinvestment into an existing
Inclusive process enables client to identify generalproperty.
business and operational needs which will be used asA clear understanding of the development process
a baseline for planning physical building projects.and the ability to quantify risk areas will provide
Identifies general site and building key operationalproperty owners with the competitive advantage
program needs. Develops a space program to bethey need to emerge from the pack in the new
used in conceptual building design. Initiate preliminaryeconomy. Complete these levels and your chances of
research of systems and strategies which supportproperty development success will be greatly
business and operational needs.increased.