This division will assess objectives related to the management of architectural practice, including professional ethics, fiduciary responsibilities, and the regulations governing the practice of architecture. The division will focus on issues related to pre-contract tasks including negotiation, human resource management, and consultant development. Candidates must demonstrate an understanding of and abilities in business structure, business development, and asset development and protection.
Assessment objectives in this division are from four sections:
SECTION 1: Business Operations
SECTION 2: Finance, Risk, & Development of Practice
SECTION 3: Practice-Wide Delivery of Services
SECTION 4: Practice Methodologies
In this video, we take an inside look at the Practice Management division, which covers topics related to running an architecture practice. Watch to learn more about division objectives, sample questions, and suggested references.
You can also learn more about this division in the ARE 5.0 Handbook.