Risk Fundamentals
- Introduction to Risk Management
- Definition and importance of risk management
- Risk management frameworks and standards
- Risk culture and governance basics
- Risk in Real Estate Context
- Unique characteristics of real estate risk
- Risk and return relationship
- Stakeholder perspectives on risk
- Risk Management Process
- Overview of the risk management cycle
- Roles and responsibilities
- Documentation and communication
Risk Identification
- Market Risks
- Economic cycle risks
- Supply and demand imbalances
- Interest rate and inflation risks
- Property Risks
- Location and accessibility risks
- Physical and structural risks
- Environmental and sustainability risks
- Operational Risks
- Tenant and occupancy risks
- Management and operational failures
- Regulatory and compliance risks
Risk Assessment
- Qualitative Assessment
- Risk categorization and prioritization
- Probability and impact analysis
- Risk matrices and heat maps
- Quantitative Assessment
- Sensitivity analysis basics
- Scenario analysis fundamentals
- Key risk indicators
- Risk Documentation
- Risk registers and inventories
- Risk reporting formats
- Assessment documentation standards
Risk Mitigation
- Mitigation Strategies
- Risk avoidance and elimination
- Risk reduction and control
- Risk transfer and sharing
- Insurance Fundamentals
- Property insurance basics
- Liability coverage
- Business interruption protection
- Contractual Risk Allocation
- Lease provisions for risk management
- Indemnification and liability clauses
- Warranty and guarantee structures
Risk Monitoring
- Monitoring Frameworks
- Key risk indicators development
- Monitoring frequency and methods
- Early warning systems
- Reporting and Communication
- Risk reporting structures
- Stakeholder communication
- Escalation procedures
- Continuous Improvement
- Risk review processes
- Lessons learned integration
- Framework updates and enhancements
