NPMA PROPERTY MANAGEMENT CPPS EXAM
Property Management - Answers-The exercise of a restraining or governing influence
over the acquisition , use , and disposition of personal property
Property control function names - Answers-Property control, Asset Management, fixed-
asset accounting, inventory control, material
PMO - Answers-Property Management Office
PMO responsibilities - Answers-The establishment and maintenance of a property
control system
PMO responsibilities - Answers-establishing, guiding, managing, and maintaining an
efficient property system, communicating effectively with other departments and
functions, and developing and presenting training in subjects relating to property.
Property Control System - Answers-comprised of
Primary difference between accountability and responsibility - Answers-A
Who is accountable for the property - Answers-To whom are you accountable for the
property
Transfer of Accountability - Answers-
Transfers - Answers-not always physical, require approval, approval record is part of
historical file and audit trail
Transfer between contracts - Answers-both releasing and gaining agency verify
accuracy
Responsibility - Answers-Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you.
(Gas, accident, etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property
What does responsibility mean - Answers-to be answerable for a trust or obligation.
Effective Property Control System - Answers-Provides a mechansim through whic an
org can define and plan for its property needs and be able to acquire, manage, and
dispose of property to meet them in a cost effective and efficient manner
PMO primary responsibilities - Answers-ensures assets are controlled, maintained,
protected, preserved
Property Management - Answers-The exercise of a restraining or governing influence
over the acquisition , use , and disposition of personal property
Property control function names - Answers-Property control, Asset Management, fixed-
asset accounting, inventory control, material
PMO - Answers-Property Management Office
PMO responsibilities - Answers-The establishment and maintenance of a property
control system
PMO responsibilities - Answers-establishing, guiding, managing, and maintaining an
efficient property system, communicating effectively with other departments and
functions, and developing and presenting training in subjects relating to property.
Property Control System - Answers-comprised of
Primary difference between accountability and responsibility - Answers-A
Who is accountable for the property - Answers-To whom are you accountable for the
property
Transfer of Accountability - Answers-
Transfers - Answers-not always physical, require approval, approval record is part of
historical file and audit trail
Transfer between contracts - Answers-both releasing and gaining agency verify
accuracy
Responsibility - Answers-Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you.
(Gas, accident, etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property
What does responsibility mean - Answers-to be answerable for a trust or obligation.
Effective Property Control System - Answers-Provides a mechansim through whic an
org can define and plan for its property needs and be able to acquire, manage, and
dispose of property to meet them in a cost effective and efficient manner
PMO primary responsibilities - Answers-ensures assets are controlled, maintained,
protected, preserved
