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Pages 54-60

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From page 54...
... . Given that federal facility renewal strategies are ultimately an investment strategy seeking to generate a return on investment, it was no surprise that many organizations with which the committee met focused their asset management activities on financial decision making, or more broadly, resource management.
From page 55...
... The performance manage ment cycle detailed in this circular supports this analysis by requiring strategic plans to communicate agency mission, service, and stewardship objectives -- inclusive of many different stakeholder group perspectives on value. These values, in turn, must likewise be represented in federal facility renewal strategies, given that they are designed to directly support agency mission and strategic plan objectives.
From page 56...
... The memo also sets an investigative course on how to maximize the economic value generated by federal facilities for the American people. Simply put, OMB recognizes that implementation of better facility asset management capabilities is a journey and not a destination.
From page 57...
... The following facility asset management principles, developed fully in Appendix F, establish concepts and practices foundational to management system thinking and facility asset management systems. Each principle serves a specific need for generating responsive and responsible federal facility renewal strategies.
From page 58...
... Finding 3-6: Federal agencies can make use of the principles detailed in this report to evolve policies and implementation practices for strategic communication. Finding 3-7: Federal agencies can communicate facility asset management objectives effectively through real property capital plans that define and maintain federal renewal strategies.
From page 59...
... Accurately estimating renewal costs is the first step of justifying adequate funding, and the federal government depends on such estimates to guide its spending of billions of dollars annually for its facilities. For an individual structure, renewal costs are an essential input required for project development and economic analyses.
From page 60...
... noted that most performance metrics were financial; most commonly used to characterize facility condition was the facility cost index, the ratio of the cost of necessary repairs over the cost of replacement. TABLE 4-1  Scope of Sustainment and Restoration and Modernization Department of Defense Model Cost Category Facility sustainment Preventive Maintenance, Minor Repair Unscheduled Maintenance Major Repair, Replacement Facility Restoration and Replacement due to Obsolescence Modernization Change in Use Modifications Policy-Mandated Retrofits Acts of War & Nature Repairs from Neglect Long-lived Components SOURCE: Sourced from data in Whitestone Research, 2003, Development of a Restoration & Modernization Requirements Process: Final Report, Washington, DC.


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