6.3.1 Where to begin

Understand your entity's property and relevant policy requirements

Effective property management is supported by a clear understanding of your organisation's property management needs and strategic planning practices.

The Commonwealth Property Management Guidelines require FMA Act agencies to establish a Property Management Plan (PMP) [182]. The PMP is an important tool to map the short, medium and long-term property needs of the agency. Guidance material is provided by Finance to assist agencies to develop their plans, which includes a suggested structure and template documents [183]. The guidance material highlights the importance of assessing a range of property issues as well as the explicit consideration of energy efficiency, environmental and heritage issues.

Property objectives should be determined by the agency after taking into account, among other things, all relevant Government policies (for example, the EEGO policy). Agencies are advised to consider appropriate key performance indicators to track property management performance and to include indicators in their PMP. A summary of key sustainability performance indicators is provided in Table 6.1.

Note: See Appendix A for a list of EEGO policy and PRODAC reporting requirements. Also see the Finance, Property Management Planning Guidance for other suggested indicators.

CHECK: Has your organisation incorporated sustainability performance indicators into property management plans?: Has your organisation incorporated sustainability performance indicators into property management plans?

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