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Pages 8-13

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From page 8...
... should clarify how the National Strategy for Efficient Use of Real Property and OMB Memo randum M-20-10 (Issuance of an Addendum to the National Strategy for the Efficient Use of Real Property) are used to guide their agency's asset management system implemented through real property capital plans.
From page 9...
... RECOMMENDATION 5: Implement Federal Facility Renewal Budget ing Strategies Through implementation of facility asset management systems detailed in preceding recommendations, the Office of Management and Budget can ensure optimal use of federal facilities by having federal agencies guide budget development of federal facility renewal strategies by • Creating working capital funds or revolving funds to aggregate fund ing for capital investment into consolidated, agency-wide budget accounts, which could help smooth multiyear life-cycle spending and avoid large, disruptive year-to-year funding spikes;
From page 10...
... They introduce perspectives that will lead to transformational change, starting with how value is determined in a federal facility renewal strategy. This includes changing the basis of value from managing asset life-cycle activities supporting an agency's mission to managing mission value generated by facility assets.
From page 11...
... This wisdom can be applied to investment strategies for this architecture, or more broadly, to renewal strategies for federal facilities. This report introduces a bold, new perspective on how federal agencies can use facility asset management to support mission achievement more efficiently and effectively.
From page 12...
... Of interest to the FFC is how facility managers can secure the capital funds necessary to fulfill major facility renewal projects. The FFC requested that this committee be formed to identify broad-based, practical, and compelling strategies for securing continuing investment in the renewal of federal real properties and portfolios.
From page 13...
... The committee focused its work on the how -- not the what -- for adapting, repurposing, restoring, recapitalizing, and replacing real property assets. The individual facility assets (buildings and structures)


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