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

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.Table of ContentsFront MatterExecutive Summary1 Context2 Facilities Asset Management3 Decision Making to Support Organizational Missions4 Environments for Effective Decision Making5 Alternative Approaches for Acquiring Federal Facilities6 Adapting Principles and Policies from Best-Practice Organizations to the Federal Operating EnvironmentBibliographyAppendixesA Biographical Sketches of Committee MembersB Committee Interviews and BriefingsC Interview Discussion Outline