Investments in Federal Facilities: Asset Management Strategies for the 21st Century

National Research Council,Division on Engineering and Physical Sciences,Board on Infrastructure and the Constructed Environment,Committee on Business Strategies for Public Capital Investment,National Academy of Sciences

Investments in Federal Facilities: Asset Management Strategies for the 21st Century
Format
Paperback
Publisher
National Academies Press
Country
United States
Published
24 June 2004
Pages
160
ISBN
9780309089197

Investments in Federal Facilities: Asset Management Strategies for the 21st Century

National Research Council,Division on Engineering and Physical Sciences,Board on Infrastructure and the Constructed Environment,Committee on Business Strategies for Public Capital Investment,National Academy of Sciences

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.

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