Skip to main content

Currently Skimming:


Pages 14-26

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 14...
... This approach elevates federal facility renewal strategies into an overarching policy that guides resource-and-investment decision making across the agency's whole facility portfolio, whole facility life cycles, and whole mission sets. This report offers recommendations for requirements identification; fiscal risk management planning; practices for measuring the actual (as opposed to projected)
From page 15...
... This definition is extended through the concept of federal facility renewal strategies that systematically apply and integrate this approach for every asset to whole facility portfolios. Few agencies have systematically renewed their real property portfolios over time.
From page 16...
... Most of the $26 billion in annual expenditures is executed by a single federal department, the Department of Defense, which operates more than 60 percent of the federal footprint -- determined on a building square-foot basis. Not reported in the FY2016 federal facility open data set is the cost of investment in facilities -- capital construction and rehabilitation or renewal -- of the federal facility real property inventory.
From page 17...
... 2016a FY2016 Owned Leased Otherwise Managedb Total Buildings Total Number 232,419 19,404 15,304 267,127 Total Square Feet 2,368,129,721 280,103,254 122,135,363 2,770,368,339 Total Annual Operating Costs $11,507,899,223 $7,284,160,244 $514,369,635 $19,306,429,102 Structures Total Number 415,146 3,449 77,579 496,174 Total Annual Operating Costs $6,230,950,083 $59,135,377 $95,998,804 $6,386,084,265 Landc Total Acres 19,602,337 1,328,020 21,413,159 42,343,516 Total Annual Operating Costs $124,878,776 $50,728,233 $180,546 $175,787,555 AOCd Total Annual Operating Costs $17,863,728,082 $7,394,023,854 $610,548,985 $25,868,300,921 (Buildings, Structures, Land) a All real property data from the Chief Financial Officers Act; agencies are required to submit data to the Federal Real Property Portfolio (FRPP)
From page 18...
... Chapter 3 further identifies leading industry and international standards for advancing asset management systems and principles and establishing clear agency fiduciary responsibilities to manage federal facilities efficiently and effectively. Chapter 4 describes the state of facility inventory and
From page 19...
... Chapter 6 identifies innovative funding strategies that can be applied to support an agency's renewal strategy. Finally, Chapter 7 presents the committee's conclusions and recommendations.
From page 20...
... This chapter identifies and clarifies the foundation for, limitations on, and opportunities to develop and implement federal facility renewal strategies designed to better achieve these objectives. It finds that federal facility renewal strategies are best implemented through asset management principles and frameworks, such as those detailed in the International Organization for Standardization (ISO)
From page 21...
... The committee views federal facility renewal strategies as a management imperative, and it is, therefore, no surprise that their development and use are required by public laws and statutes. FOUNDATIONS FOR FEDERAL FACILITY RENEWAL STRATEGIES The modern beginnings of real property2 management as a coordinated activity can be traced to the Federal Property and Administrative Services Act of 1949.
From page 22...
... For example, circumstances in the United Kingdom made facility asset management critically important. Around 1994, the United Kingdom was privatizing large portions of its public infrastructure to include rail, water, and wastewater.
From page 23...
... FIGURE 2-1  Significant milestones in the evolution of facility asset management in the U.S. federal sector.
From page 24...
... on Asset Management. Today, ISO/TC 251 leads international efforts advancing asset management system standards that underpin best practices for facility asset management around the globe.4 This committee views the ISO 55000 asset management series as a foundation for improving an organization's facility asset management capabilities and therefore a solid foundation for developing and implementing federal facility renewal strategies.
From page 25...
... . GAO Report on Facility Asset Management In GAO-19-57, Federal Real Property Asset Management -- Agencies Could Benefit from Additional Information on Leading Practices, GAO identified an asset management framework based on asset management literature, expert interviews, and ISO 55000 standards (GAO 2018f)
From page 26...
... 26 FIGURE 2-2  Key characteristics of an effective asset management framework. SOURCE: Government Accountability Office, 2018, Federal Real Property Asset Management: Agencies Could Benefit from Additional Information on Leading Practices, GAO-19-57, Washington, DC, www.gao.gov/assets/gao-19-57.pdf.


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.