What are the key property challenges facing any organisation proposing to downsize its workforce in the current economic climate?

Illustrate your answer by preparing a short proposal setting-out the key tasks and a timeline assuming the organisation is proposing to reduce its staff headcount from 10,000 FTE to 7,500 FTE. This statement should cover the possible courses of action the organisation can take to achieve the strategic asset management objective of matching the assets to business need and achieving improved performance. You should conclude with at least 3 outline options explaining why they should be taken forwards to business case preparation. When drafting this statement, assume the following: • a portfolio of at least five office buildings with a mixture of ownership, location, age, utilisation and lease terms; • the organisation has been implementing an Asset Plan for a number of years, but this proposal is a change to existing work streams; • you are at the start of the process and detailed proposals are not yet appropriate. Marks 70 Part 2 The following tasks have been identified by the Audit Commission, for Tenanted property: • Define a rationale for holding tenanted property. • Categorise the portfolio according to the objectives for which it is held (service delivery, investment). • Make explicit the costs of services delivered indirectly through the provision of tenanted property. • Value the investment portfolio to determine the rate of return being achieved. • Examine the need to invest in tenanted property to improve performance. • Ensure rents are reviewed on the due dates. Discuss each issue, commenting on the importance of the task, the expected outcome and the typical achievement barriers. Use examples to illustrate either good or poor practice. Marks 30