Management Plan Skills Assessment (MPSAXM)

Management Plan Skills Assessment (MPSAXM) meets the management plan requirement for the CPM. It is one of two options for meeting the requirement. The other option is to submit and receive a passing score on the Management Plan Independent (MPLIND). Both options are designed to assess your knowledge of the concepts, technical skills, and processes involved in preparing, analyzing, and completing a property management plan following IREM standards.

IMPORTANT: It is strongly recommended that you complete the CPM education requirements before completing the management plan requirement.

The Management Plan Skills Assessment is completed in a classroom setting and includes a review of key concepts and a case study exam based on a property type of your choosing (office building, conventional apartment, or retail strip shopping center).

Technical Requirements:

The exam is completed electronically using a laptop computer that you must bring to the offering, meeting the following requirements:

  1. Fully registered version of Microsoft Word 2003 or newer
  2. Fully registered version of Microsoft Excel 2003 or newer
  3. Windows Media Player ( OR Apple QuickTime Player (
  4. Headphone port and headphones
  5. USB port

Preparation Requirements

  1. Attend a CPM Capstone Track Webinar offered monthly. This live webinar led by an IREM instructor will provide the information you need to ensure the best possible exam experience. You may also access the recorded webinar.
  2. Download the MPSA Practice Spreadsheet. You will use a spreadsheet similar to this during the exam, so reviewing in advance will help you prepare.
  3. Have either a handheld HP10bII+ financial calculator or download a desktop version. Cell phones and tablets are not permitted during the exam, so you will not be able to access a calculator app.
  4. Have a photo ID in order to check in to your exam.
  5. Review this Preparation Guide for additional information and preparation tips.

What you will learn:

  • The importance of managing by plan
  • Concepts, technical skills, and processes involved in preparing a management plan
  • How to communicate effectively and convincingly the options and recommendations for meeting the objectives of ownership and the reasoning that leads to your final conclusions
  • How to synthesize a vast range of facts and opinions into a coherent whole

View the learning objectives for MPSAXM.

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