NPMA CPPS HIGHLY RATED EXAM
Property Management - ANSWERS-The exercise of a retaining or
governing influence over the acquisition, use, and disposition of
personal property
Property Control Variety of Names - ANSWERS-Property
Accounting, Fixed Asset Accounting, Inventory Control, Material,
Property Control, Asset Management.
Property Management Office PMO - ANSWERS-Department within
an org that is responsible for controlling or managing property
Property Manager - ANSWERS-PMO is headed by
Property Manager is responsible for: - ANSWERS-establishing,
guiding, managing, and maintaining an efficient property system,
communicating effectively with other departments and functions,
and developing and presenting training in property related
subjects
Property Control System is comprised of - ANSWERS-Property
Management Personnel, processes, and mgmt info. systems (MIS).
(Written policies, procedures, operational guidelines, and related
records, and MIS that facilitates these functions).
If org contracts with the government, property manager must -
ANSWERS-have a working relationship with all sponsor reps
Ownership - ANSWERS-Having legal or rightful title to property
either owned by the org or is provided by a sponsor under some
kind of agreement (sponsor has ownership). - ANSWERS-Property
is either owned by or provided.
Ownership of property allows the owner to - ANSWERS-make any
and all decisions regarding the property
It is the property professional job to support the property owner in
