| Term |
Definition |
CRE Goals and Objectives
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CRE goal is to create value, be a trusted business partner and to mitigate risk in the real estate portfolio.
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CRE Department Organization and Procurement
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To what extent should the CRE Organization be centralized or decentralized? Which activities should be delegated to the business unit or region? Which activitie should be outsourced?
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Financial Criteria
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The financial criteria can specify the relative importance of the different measures in final decision-making and the appropriated discount rates and appreciation rates to use in net present cost / net present value analysis.
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Risk Mitigation
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Minimize Risk: Duration, Concentration, Residual Value
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Chargeback Strategy
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The Chargeback Strategy, including the decision not to charge back costs to users, reflects the CRE organization's approach to using cost incentives to motivate users to make decisions individually (decentralized strategy) rather than having decisions imposed from decision-makers within the CRE organization.
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Technology Support
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The Technology Strategy for the CRE department defines the future plans to adopt new technology and revised existing technology to support the corporate real estate organization. It reflects how important process automation and information analysis is to the CRE organization and builds the basis for what types of strategy and portfolio planning activities are possible.
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Classification strategy for properties
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The process to separate real estate locations into different types for further analysis.
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