Property Accountability: The Life Cycle Course
IDPROP7112

Module 1: Overview of the Property Management Life Cycle

• Introduction to the life cycle of property management: acquisition, accountability, control, and disposal.
• Learn about the role of asset management in supporting organizational objectives and meeting mission requirements.
• Understand the roles of internal and external stakeholders, such as GSA, the acquisition office, and the property management office.

Module 2: Phase 1 – Determination of Need and Acquisition

• Define the responsibilities of property managers in determining the need for property and equipment.
• Understand the procurement process, including the importance of identifying appropriate acquisition sources and methods of supply.
• Explore the challenges of managing customer expectations and overcoming issues related to property requests.

Module 3: Phase 2 – Accountability and Control

• Learn how to manage the accountability and control phase, including tracking and managing physical inventories.
• Understand the role of property custodians, accountable property officers, and the relationship between physical inventories and financial records.
• Study methods for reconciling property discrepancies and ensuring compliance with internal and external standards.

Module 4: Phase 3 – Disposal

• Understand when and why property should be disposed of, including situations of under-utilization, damage, or the end of a contract.
• Learn about the various disposal options, including sale, donation, abandonment, and reutilization through GSA.
• Understand the role of the property manager in ensuring proper disposal of property in compliance with government regulations.

Module 5: Team Leadership and Property Management

• Explore the importance of leadership in property management, including identifying leadership styles and addressing team behaviors.
• Understand how team leadership impacts the effectiveness of property management processes, including property acquisition, accountability, and disposal.
• Learn how to manage teams to improve performance and foster collaboration in property management operations.