Skip to main content

Strategies to Renew Federal Facilities (2023) / Chapter Skim
Currently Skimming:


Pages 108-121

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 108...
... RECOMMENDATION 4: Improve Federal Facility Models, Data, and Measures The Office of Management and Budget (OMB) should clarify guidance requiring agency senior real property officials to improve cost esti mates of renewal requirements.
Read the entire page →
From page 109...
... CONCLUSION Robust, effective federal facility renewal strategies are possible when implemented using disciplined facility asset management systems; successful implementation of disciplined asset management systems is enhanced when using ISO 55000 standards. This asset management systems approach requires agencies to be more attentive to dynamic mission requirements and stakeholder expectations.
Read the entire page →
From page 110...
... 110 STRATEGIES TO RENEW FEDERAL FACILITIES TABLE 7-1  Crosswalk of Findings and Recommendations
Read the entire page →
From page 111...
... (USAF 2019) The committee believes that this focused message is how all federal facilities renewal strategies should be viewed and tailored to support each federal agency's mission.
Read the entire page →
From page 112...
... 2017. "Managing Assets in the Context of Asset Management." International Orga nization for Standardization.
Read the entire page →
From page 113...
... 2012b. Federal Real Property: National Strategy and Better Data Needed to Improve Manage ment of Excess and Underutilized Property.
Read the entire page →
From page 114...
... 2017c. Federal Real Property: GSA Should Inform Tenant Agencies When Leasing High Security Space from Foreign Owners.
Read the entire page →
From page 115...
... 2018f. Federal Real Property Asset Management: Agencies Could Benefit from Additional Information on Leading Practices.
Read the entire page →
From page 116...
... 2014b. "ISO 55001: Asset Management -- Management Systems -- Requirements." https://www.
Read the entire page →
From page 117...
... 2019. "Implementation of Agency-wide Real Property Capital Planning." M-20-03.
Read the entire page →
From page 118...
... 2004. "Federal Real Property Asset Management." Executive Order 13327 of February 4, 2004.
Read the entire page →
From page 119...
... Appendixes
Read the entire page →
From page 121...
... James "Jack" Dempsey, Vice Chair, is the founder of the Asset Management Partnership, LLC, that specializes in the advancement, development, and implementation of asset management and digital transformation solutions for asset owners and the asset management professionals that support them. Dempsey has over 30 years of experience as an asset manager for the built environment, his 121
Read the entire page →

Key Terms

  • asset management
  • facility asset
  • federal facility
  • facility renewal
  • renewal strategies

  • real property
  • property capital
  • federal facilities
  • capital plan
  • omb circular

  • service lives
  • depreciation rates
  • renewal costs
  • internal control
  • cost estimates

  • national strategy
  • federal real
  • reliable cost
  • master plan
  • depreciation rate

  • sustainment model
  • renewal strategy
  • renewal requirements
  • capital programming
  • programming guide

  • enterprise risk
  • leading practices
  • facility portfolio
  • construction project
  • minor construction


    • This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
    More information on Chapter Skim is available.