vcc.ca
HOSP 3860: Capital and Asset Management
Effective date
September 2018
Department
Hospitality Management App Deg
School
Hospitality, Food Studies and Applied Business
Description
This course introduces students to hospitality facilities planning processes from a management perspective. Systematic problem solving and decision making techniques are applied to budgeting, capital expenditure planning and cost benefit analysis of repairing, replacing or disposing of assets in the hospitality sector.
This course is part of the full-time Bachelor of Hospitality Management program.
Credits
3.0
Year of study
3rd Year Post-secondary
Prerequisites
None
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Identify the different assets/facilities (e.g. guest rooms,corridors, public space, recreation, exterior areas and back-of-the-house) that exist as part of the hospitality business.
- Explain the life cycle of a hotel, and describe the types of renovations.
- Describe the elements of an assets management strategy in the hospitality sector.
- Differentiate between preventative maintenance and emergency repairs in the hospitality sector.
- Analyze capital investment plan strategy for a small hotel.
- Calculate the feasibility of a capital project using return on investment (ROI) analysis
- List the investment options available in the hospitality industry
- Design an asset management strategy for a small hotel
- Compare and explain the relationship between cost of maintenance, environmental sensitivity, and the impact on guest satisfaction and associate performance.
- Apply ethical decision making when managing capital and assets.
- Apply effective risk management practices in the hospitality sector.
Prior Learning Assessment & Recognition (PLAR)
To learn more about the PLAR pathways for this course review the Bachelor of Hospitality Management Program Content Guide.
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Total Hours: 45
Instructional Strategies
Case analysis, individual and group work.
Grading System
Letter Grade (A-F)
Passing grade
D
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Project |
30 |
Case Study, Group presentation |
|
Midterm Exam |
20 |
|
|
Final Exam |
30 |
|
|
Assignments |
20 |
Risk management assignment |
Course topics
- Introduction to capital and asset management
- Asset management and investment plan and review
- The life cycle of an asset
- Maintenance management systems/Budgeting repairs and maintenance
- Decision making regarding asset management and investment
- Hotel and Restaurant Independent rating systems
- Risk management programs and loss prevention programs
- Capital and asset investment and procurement (acquisition, lease) processes
- Asset maintenance and improvements processes
- Treatment of assets at the end of their useful life
- Ethics in Capital and Asset Management
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/. - To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.