Investments in Federal Facilities

Investments in Federal Facilities PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309165954
Category : Technology & Engineering
Languages : en
Pages : 160

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Book Description
Facilities now owned by the Federal Government are valued at over $300 billion. It also spends over $25 billion per year for acquisition, renovation, and upkeep. Despite the size of these sums, there is a growing litany of problems with federal facilities that continues to put a drain on the federal budget and compromise the effectiveness of federal services. To examine ways to address these problems, the sponsoring agencies of the Federal Facilities Council (FFC) asked the National Research Council (NRC) to develop guidelines for making improved decisions about investment in and renewal, maintenance, and replacement of federal facilities. This report provides the result of that assessment. It presents a review of both public and private practices used to support such decision making and identifies appropriate objectives, practices, and performance measures. The report presents a series of recommendations designed to assist federal agencies and departments improve management of and investment decision making for their facilities.

Investments in Federal Facilities

Investments in Federal Facilities PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309165954
Category : Technology & Engineering
Languages : en
Pages : 160

Get Book

Book Description
Facilities now owned by the Federal Government are valued at over $300 billion. It also spends over $25 billion per year for acquisition, renovation, and upkeep. Despite the size of these sums, there is a growing litany of problems with federal facilities that continues to put a drain on the federal budget and compromise the effectiveness of federal services. To examine ways to address these problems, the sponsoring agencies of the Federal Facilities Council (FFC) asked the National Research Council (NRC) to develop guidelines for making improved decisions about investment in and renewal, maintenance, and replacement of federal facilities. This report provides the result of that assessment. It presents a review of both public and private practices used to support such decision making and identifies appropriate objectives, practices, and performance measures. The report presents a series of recommendations designed to assist federal agencies and departments improve management of and investment decision making for their facilities.

Federal Asset Management

Federal Asset Management PDF Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security
Publisher:
ISBN:
Category : Architecture
Languages : en
Pages : 128

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Book Description


Core Competencies for Federal Facilities Asset Management Through 2020

Core Competencies for Federal Facilities Asset Management Through 2020 PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309114004
Category : Technology & Engineering
Languages : en
Pages : 135

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Book Description
The U.S. government is faced with growing challenges to managing its facilities and infrastructure. A number of factors such as shrinking budgets, an aging workforce, and increasing costs demand new approaches to federal facilities management. The Federal Facilities Council of the NRC has sponsored a number of studies looking at ways to meet these challenges. This fourth study focuses on the people and skills that will needed to manage federal facilities in the next decade and beyond. The book presents a discussion of the current context of facilities management; an analysis of the forces affecting federal facilities asset management; an assessment of core competencies for federal facilities management; a comprehensive strategy for workforce development; and recommendations for implementing that strategy.

H.R. 3947, the Federal Property Asset Management Reform Act

H.R. 3947, the Federal Property Asset Management Reform Act PDF Author: United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Economic Development, Public Buildings, and Emergency Management
Publisher:
ISBN:
Category : Architecture
Languages : en
Pages : 56

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Book Description


Capital Asset Management

Capital Asset Management PDF Author: Federal Facilities Council
Publisher: National Academies Press
ISBN: 0309073413
Category : Political Science
Languages : en
Pages : 46

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Book Description
Federally owned capital assets include some 500,000 buildings and similar facilities worldwide acquired during 200 years of government operations. Government facilities are used to defend the national interest; conduct foreign policy; house historic, cultural and educational artifacts; pursue research; and provide services to the American public. These buildings and structures project an image of American government at home and abroad, contribute to the architectural and socioeconomic fabric of their communities, and support the organizational and individual performance of federal employees conducting the business of government . Federal facilities embody significant investments and resources and therefore constitute a portfolio of public assets. At least 30 separate agencies manage these facilities. As stewards of this public investment, federal facilities program managers face a number of challenges. In the 1990s Congress and the Executive Branch took a number of initiatives to improve capital asset decision making in the federal government. These include enacting the Government Performance and Results Act of 1993, the Federal Acquisition Streamlining Act of 1994, the Clinger-Cohen Act of 1996 and a series of federal financial accounting standards; developing the Capital Programming Guide (1997); and appointing the President's Commission to Study Capital Budgeting (1997). Senior and mid-level agency officials are now seeking ways to implement these initiatives efficiently and effectively. The Federal Facilities Council (FFC) sponsored a conference entitled "Capital Asset Management: Tools and Strategies For Decision Making" to highlight strategies and ideas for capital asset management so that federal and other public agencies can improve decision making for facilities investment. Held at the National Academy of Sciences in Washington, D.C., on September 13, 2000, the conference featured speakers from the public, non-profit, and private sectors. Capital Asset Management: Tools and Strategies For Decision Making: Conference Proceedings summarizes the presentations made at that conference. The speakers focused on trends and best practices in capital budgeting; capital asset decision making processes in three federal agencies; building a case for capital reinvestment; and new tools for federal agencies. Online resources referred to by the speakers are listed in Appendix A. Appendix B contains the speakers' biographies.

Asset Management Primer

Asset Management Primer PDF Author:
Publisher: DIANE Publishing Inc.
ISBN:
Category : Express highways
Languages : en
Pages : 30

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Book Description


Managing Fixed Assets in the Public Sector

Managing Fixed Assets in the Public Sector PDF Author: William D. Brady
Publisher: Universal-Publishers
ISBN: 1581126840
Category : Business & Economics
Languages : en
Pages : 144

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Book Description
This text is the foremost compilation of information about managing the public sector fixed assets function. No two-fixed assets management functions are alike and there is no real collective information bank for the managers to use. Not only are management principles provided, but also definitions of some key settings in managing fixed assets from defining fixed assets to accountability for those assets. This text was written to help better operate the day-to-day affairs of the public sector fixed assets management function. The information presented here is not new; however, the information is not contained in one concise location. The concepts and principles presented here are of interest to all-public sector administrators. However, those individuals working in the day-to-day operations are those who will find this text most interesting. It should be used to stimulate conversation and communication on the subject of personal property management. In so doing, the expectation is that these conversations and communications will increase the effectiveness and efficiency of personal property management. The public sector is an area that relies on sound management practices and the management on those assets entrusted to us is no exception. Within the confines of this text will be found sound management practices to further the overall effectiveness of fixed assets management.

Key Performance Indicators for Federal Facilities Portfolios

Key Performance Indicators for Federal Facilities Portfolios PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309133521
Category : Technology & Engineering
Languages : en
Pages : 52

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Book Description
More than 30 federal departments and agencies with a wide range of missions and programs manage large inventories of facilities, also called portfolios. These portfolios range in size from a few hundred to more than a hundred thousand individual structures, buildings, and their supporting infrastructure. They are diverse in terms of facility types, mix of types, and geographic dispersal. For federal senior executives, facilities portfolio-related decisions revolve around the allocation of resources (staff, funding, time) for acquisition, renovation, operation, repair, and disposition of facilities. To make informed decisions, senior executives require information that will allow them to answer such questions as: What facilities do we have? What condition are they in? What facilities are needed to support the organization's missions? This study lays out a framework for developing and evaluating trends in facilities portfolio conditions, investments, and costs and identifies a set of key indicators that can be used to track performance over time. Some of the indicators are currently in use in some federal agencies; others will need to be developed.

Asset Management Operations and Controls

Asset Management Operations and Controls PDF Author: Office of the Comptroller of Currency
Publisher: Createspace Independent Publishing Platform
ISBN: 9781502817891
Category : Business & Economics
Languages : en
Pages : 114

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Book Description
This booklet provides guidance applicable to core Asset Management operations functions and to internal controls and processes used by national banks to manage risks associated with Asset Management activities.

President's Private Sector Survey on Cost Control

President's Private Sector Survey on Cost Control PDF Author: President's Private Sector Survey on Cost Control (U.S.). Financial Asset Management Task Force
Publisher:
ISBN:
Category : Collecting of accounts
Languages : en
Pages : 364

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Book Description