Transaction Management Professional 201

PMP Principles for Real Estate Business Operations

What you'll learn

Define the Transaction Management Framework with focus on Real estate

Define and Manage Scope, Schedule and Cost

Identify and Management Risks and Issues

Understand stakeholders and manage communications

Plan for Procurement needs and Vendor Coordination

Manage Resources and Teams

Configuration Management

Requirements

Required: Certified Transaction Management Professional 101

Required: At least 5 years of experience in managing operations and leading teams

Desired: California Real Estate License

Desired: Certified Transaction Coordinator

Description

This course provides overview of PMP (project management professional) principles and the application of the framework in managing REBOPS (Real Estate Business Operations). Participants will be able to understand  how the project management practice is organized into process groups, essential elements, and knowledge areas. They will also be able to draw parallels to the equivalent application areas in real estate transactions. Each knowledge area is explained with practical examples from California Real Estate Industry and the concept of Plan-Do-Check-Act emphasized at each level. The course helps to identify the essential elements of input, process, and output for various real estate activities.The main purpose of the course is to enable the participants to either self-employ or become up-to-speed with the real estate job that they are getting into. The course is relevant for the real estate agents who prefer to self-manage their operations, senior members in large teams, experienced transaction coordinators, or PMO professionals envisioning to take up roles in real estate industry.Those aiming to become transaction managers (leading multiple transaction coordinators, and support staff), or operations managers will benefit from this course to be able to manage the operations with enhanced skill set, knowledge, perspective and confidence.While examples from California real estate industry are quoted in course, the essence and the framework can be applied to real estate business in other states as well.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Transaction Management - The Iron Triangle

Lecture 2 Transaction Management Practice

Lecture 3 Scope Management

Lecture 4 Schedule Management

Lecture 5 Cost Management

Section 3: Transaction Management - Balancing the Iron Triangle

Lecture 6 Quality Management

Lecture 7 Resource Management

Lecture 8 Communications Management

Lecture 9 Risk Management

Lecture 10 Procurement Management

Lecture 11 Stakeholder Management

Section 4: Conclusion

Lecture 12 Integration Management - The Glue

Agents who are self-managing their operations,Senior members of large real estate teams,Experienced transaction coordinators,PMO professionals aspiring a career the real estate industry,Aspiring transaction managers and operations managers