"What you measure is what you get

Measuring the performance of single properties, portfolios or service providers like property managers are vital to any sound management decision: "What you measure is what you get!". Practicable application of performance indicators for an Executive Dashboard.

Measuring the performance of single properties, portfolios or service providers like property managers are vital to any sound management decision:"What you measure is what you get!"Depending on the depth and size of the organisation the measurement can take place at various levels and can then be aggregated upwards. From property to location to portfolio etc..It is also important to measure the performance of service providers influencing the performance of the property: Asset Manager, Property Manager, Facility Manager or the own internal organisational units.In order to establish measurements as management tools the "philosophy" of the property or the portfolio needs to be defined and broken down into targets to be fulfilled to meet the philosophy,moncler. What does that mean? Ambitious but somewhat achievable targets for rent and value development have to be set and determined which are the immediate factors determining their development. This process is best done by looking at historic data, available data from comparable (good performing) properties and/or property benchmarks. The measurement then includes the targets against their set values and the defined factors like tenant turnover, payment backlog etc,モンクレール ダウン.. It is of great importance that these factors reflect not only what has happened,モンクレール, like already occurred payment backlog but also warning indicators like tenant turnover or late payments.All of these performance indicators are then mapped against their targets in a graph which will show the decision maker at one glance where the performance is as expected or better and where attention is required. These graphs are produce at every level where measurement takes place and can be aggregated upwards: A graph for each property, each location,http://www.moncler-brand.info, each manager or the entire portfolio.When applied in the right manner, this can be one of the most powerful tools for managing a property portfolio, an Executive Dashboard. For more information and an example graph please visit the website of Berlin Portfolio Ltd.. Related articles:

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