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The subject examines a number of topics relevant to the long-term ownership and use of buildings where sustainability is important. These topics include:
- Issues in property asset life cycles;
- Facility economics, including economic decision-making and life cycle costing;
- Triple-bottom line decision-making about property assets;
- Projects and interventions in properties’ life cycles;
- Property asset maintenance management;
- Depreciation and obsolescence of property assets; and
- Sustainability, value and investment decisions.
Intended learning outcomes
On completion of the subject students should be able to:
- Place property ownership in the contexts of property’s life cycle, investment, design, construction and sustainability;
- Analyse the life cycle of significant parts or elements of a building and be able to carry out an analysis of a whole building;
- Demonstrate the principles of managing property life cycles including, maintenance, depreciation, obsolescence and property value.
On completion of the subject students should have developed the following skills and capabilities:
- Analytical skills;
- Problem solving skills.
Last updated: 2 December 2019