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| Realizing the Strategic Dimensions of
Corporate Real Property Through Improved Planning and Control Systems Author: Steven L. Duckworth Start Page: 495 Abstract: This paper presents a
methodology that addresses the fundamental question: How can a firm maintain congruence
between its real property portfolio and its strategic objectives during time of rapid
economic change? The methodology is based on established planning and control theory and
is discussed in terms of an actual case involving Digital Equipment Corporation. It is
intended for firms, such as Digital, that have a large real property portfolio, but that
are not primarily in the real estate business. After the planning and control implications
of the question are elucidated, the problem with existing real property management
planning and control systems is considered, followed by a three-part explanation of the
methodology aimed at improving the systems. The first part focuses on the process used to
develop an appropriate set of real property performance indicators, and the second part
deals with the statistical techniques used to effectively monitor the set over time.
Finally, these concepts are discussed in the context of a decision support system
architecture for real property management. |
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