Real Estate Lifecycle Consulting Deliverables

Strategic Goal Alignment — This component of the engagement ensures strategic alignment of the goals for the real estate department with your company's overall goals and objectives. Pain points are identified that are currently preventing this essential alignment, resulting in the development of a specific and measurable action plan for achieving strategic alignment. Deliverables include:

• Staff questionnaire and interviews designed to uncover paint points and goals
• Goal alignment mapping and documentation
• Goal action plan with metrics, targets and deadlines

Current State Assessment — This part of the engagement maps and documents current real estate lifecycle business processes. Workflows, data flows, and system integrations are illustrated in process maps, along with documentation that identifies real estate staff roles and resources to which they have access. Deliverables include:

• Comparison of current state to the Virtual Premise Real Estate Lifecycle Best Practices model
• All current state process maps and documentation
• Organization and activity analysis

Gap Analysis — This element of the engagement looks at the strategic goal alignment results and compares it with the current state assessment to identify key areas for improvement. Gaps are detected in current technology systems, and any additional functionality and integration needed to support best practices business processes is described. Risks that may be encountered if the gaps are not resolved are also identified. Deliverables include:

• Gap Analysis document
• Risk Assessment document

Executive Summary — This important feature of the engagement summarize the findings of the real estate lifecycle analyses. This document also brings together the work and discussions of the Project Delivery Team with the Virtual Premise Real Estate Lifecycle Best Practices model to reveal operational areas that can be readily addressed for improvement, as well as those requiring more focused and long-term efforts. The Executive Summary include:

• Key recommendations from the Gap Assessment and Risk Assessment
• Focus on changes that most closely align strategy and provide the greatest ROI

Future State Assessment — This section of the engagement utilizes the findings in the previous three assessment to deliver recommendations for changes based on return on investment potential for your organization. Future state business processes are mapped, risks and mitigation strategies for the changes are identified, and the mission and responsibilities of the real estate group are defined. Deliverables include:

• Executive summary of results
• Future state best practices business processes models
• Risk assessment with mitigation strategies
• Change management plan
• Roles and responsibilities document