1 hard skill or competency (industry competency) for Top Real Estate Executive
Skill definition-Providing overall planning, coordination, and control of construction processes.
Level 1 Behaviors
(General Familiarity)
Describes the fundamental construction procedures and management principles.
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Level 2 Behaviors
(Light Experience)
Documents all the tools, materials, and equipment used in the construction project.
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Level 3 Behaviors
(Moderate Experience)
Maintains a centralized management scheduling system for all construction projects.
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Level 4 Behaviors
(Extensive Experience)
Manages construction sites and general contractors to ensure compliance with safety standards.
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Level 5 Behaviors
(Mastery)
Leads the overall aspects of projects from pre-construction through the construction management process.
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7 general skills or competencies (Job family competencies) for Top Real Estate Executive
Skill definition-Evaluating and measuring the project's value throughout its life cycle to determine the most advantageous return on investment options.
Level 1 Behaviors
(General Familiarity)
Documents the capital budgeting techniques used to select the organization's best investments.
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Level 2 Behaviors
(Light Experience)
Identifies and reports capital requirements for budgeting to management.
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Level 3 Behaviors
(Moderate Experience)
Participates in the capital funding plan and budgeting process to ensure appropriate resource allocation.
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Level 4 Behaviors
(Extensive Experience)
Leads the facilitation of capital budgeting analysis to select projects that drive the organization's future profits.
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Level 5 Behaviors
(Mastery)
Establishes and implements standards and capital budgeting processes to ensure accurate cash flow projections.
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Skill definition-Acquiring land while complying with established laws and regulations and providing resettlement or compensation plans for landowners.
Level 1 Behaviors
(General Familiarity)
Identifies and lists the advantages and challenges of land acquisition.
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Level 2 Behaviors
(Light Experience)
Prepares and submits pricing, land analysis, and market research reports to management.
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Level 3 Behaviors
(Moderate Experience)
Prepares legal land descriptions for acquiring property that comply with contract terms.
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Level 4 Behaviors
(Extensive Experience)
Fosters trusted relationships with a network of industry contacts to generate land acquisition opportunities.
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Level 5 Behaviors
(Mastery)
Generates corrective action plans to resolve complex land acquisition matters.
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10 soft skills or competencies (core competencies) for Top Real Estate Executive
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Explains our key business strategies and priorities.
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Level 2 Behaviors
(Light Experience)
Reports and communicates market and competitor status regularly to the management team.
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Level 3 Behaviors
(Moderate Experience)
Evaluates supply chain efficiency with an eye toward improving shortcomings.
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Level 4 Behaviors
(Extensive Experience)
Optimizes business processes based on deep insight into various business unit functions.
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Level 5 Behaviors
(Mastery)
Designs and implements feedback loops to identify and promptly address business problems.
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Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Explains the importance of budget reporting and forecasting in our workplace.
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Level 2 Behaviors
(Light Experience)
Produces budget reports showing planned vs. actual variances highlighted and explained.
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Level 3 Behaviors
(Moderate Experience)
Reviews and helps approve major budget adjustments to negotiate and reconcile line variances.
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Level 4 Behaviors
(Extensive Experience)
Provides in-depth training to our entire organization about the zero based budgeting methodology.
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Level 5 Behaviors
(Mastery)
Forecasts asset needs to leverage available inventory and data compilation for annual budgeting.
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Summary of Top Real Estate Executive skills and competencies
There are 1 hard skills for Top Real Estate Executive, Construction Management.
7 general skills for Top Real Estate Executive, Capital Budgeting, Land Acquisition, Property Acquisition, etc.
10 soft skills for Top Real Estate Executive, Business Acumen, Budgeting, Planning and Organizing, etc.
While the list totals 18 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Top Real Estate Executive, he or she needs to be skilled in Business Acumen, be skilled in Budgeting, and be an expert in Planning and Organizing.