Articles written By Russell Martoo
Russell Martoo is the Managing Director of RCP, one of Australia’s largest independent project management consultancies serving the construction and development industries. He is a member of the Australian Institute of Project Management, Australian Institute of Management and a Fellow of the Australian Institute of Building. Following an early career with the Queensland Government Russell joined RCP in 1983 and became managing director in 1987. He has since delivered many developments for clients across a wide range of industries including commercial, retail, residential, health & aged care, public buildings, education, tourism & leisure, industrial, infrastructure and urban renewal projects.
Property Portfolio Dilemmas Faced by CEOs
Of the many challenges faced by a CEO, including resourcing, staff, clients, regulations, technology and finance, the property portfolio of a non-profit organisation is typically viewed as something that is static and therefore seldom proactively managed until a major issue develops. CEOs from the non-profit sector find that most issues arise from having a disparate property base accumulated through circumstance or allocation, rather than planned development. Hence, many problems stem from legacy or historic reasons that have simply not been adequately addressed in the past.
Preparing a Property Portfolio Business Case
There are many reasons why a non-profit organisation may be called upon to undertake a review of their current property needs. This also includes a review of how their property needs are going to be met, both now and into the future. The type of events that might trigger such a review can be many and varied but generally include: • A major existing lease expiry or lease renewal option