Working Group 9.3 - Diagnostic Tools and Prescriptive Practices
for The Valuation Profession
Policy Issues
- The valuation profession in many countries is still rather weak and the
profession has not always benefited from good education in valuation technology
and theory. Consistent and logical guidelines are poor or even missing in some
markets. There are no current tool sets to determine prescriptive practices for
these poorly functioning valuation systems. What is needed is a systemized way
to evaluate the status of a country's valuation profession and then
recommendations to bring the profession up to international standards, relative
to their individual needs. This is particularly important in developing
economies.
Chair
Specific Projects
- Identify the legal structures and practices in the valuation profession in
different countries / markets.
- Create a tool for diagnostic analyses of the valuation profession in these
diverse markets.
- Create a system for recommendation to bring the profession up to the
international standards, relative to the needs of the individual country /
market.
- Give FIG recommendations for Guidelines, which can then be a starting
point to assess an individual country / market’s needs for record keeping,
GIS, and mapping solutions.
Workshops
- A seminar to discuss and develop the tool and exchange of experience between
countries and regions. Interaction between different actors will be strongly
encouraged, both during the preparations and by the design of the seminar
itself, so that the tools designed will be adequate to assess most markets. I
addition the subject and evolving tool set will be assessed in each annual
meeting.
Publications
- FIG Guidelines
- Short article in journal including the basic diagnostic tool
Timetable
- 2006 Phase 1: Discuss basic topic and key aspects to be expanded upon.
- 2007 Phase 2: Investigations and concepts reported at FIG 2007
- 2008 Phase 3: First Draft of Systematic Diagnostic Tool at FIG 2008
Meeting, call for comments
- 2009 Phase 4: Second Draft of Systematic Diagnostic Tool at FIG 2009
Meeting, final comments
- 2010 Phase 5: Final Report and submission of Diagnostic Tool and
Guidelines for Diagnoses at FIG Congress 2010
Beneficiaries
- All FIG member organizations, UN, other professional international and
national organizations, agencies and governments.
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