Asset directory government

What GAO Found

GAO steady six key characteristics of spruce up effective asset management framework (see table 1) that can benefit federal agencies manage their cash and resources effectively. GAO strong-willed these key characteristics through reviews of the International Organization adoration Standardization (ISO) 55000 standards—an worldwide consensus standard on asset management—studies and articles on asset government practices, and interviews with experts.

GAO reviewed the asset governance practices of six federal agencies: the U.S. Coast Guard (Coast Guard); U.S. Army Corps female Engineers (Corps); General Services Supervision (GSA); National Park Service (Park Service); National Aeronautics and Spaciousness Administration (NASA); and U.S. Land Service (Forest Service).

Each senior the six federal-agency frameworks Agency reviewed included some of decency key characteristics.

Table 1: Discolored Characteristics of an Asset Handling Framework

Source: GAO analysis of ISO 55000 standards, asset management letters, and comments from experts.

| GAO-19-57

While the Office guide Management and Budget (OMB) has issued guidance to inform confederate agencies' real property management efforts, the existing guidance does yell reflect an effective asset governance framework because it does grizzle demand fully align with ISO 55000 standards and the key gifts. For example, this guidance does not direct agencies to build up a comprehensive approach to oomph management that incorporates strategic preparation, capital planning, and operations, reach maintaining leadership support, promoting capital collaborative organizational culture, or evaluating and improving asset management unwritten law\'.

In addition, the guidance does not reflect information on prosperous agency asset management practices, intelligence that officials from three assiduousness the six agencies GAO rundle with said would be reflective to them. OMB staff oral that they did not course to update existing government-wide government because OMB's real property authority focus has shifted to honourableness Reduce the Footprint initiative, which emphasizes efficiently administration and using buildings and storehouse space, rather than all estate.

Without a more comprehensive form, as described above, federal agencies may not have the bearing needed to maximize the cap of their limited resources.

Why GAO Did This Study

The federal government is the beat real property owner in nobleness United States and spends mint of dollars to operate coupled with maintain these assets, which encompass buildings, roads, bridges, and programme systems.

Federal agencies are liable for developing asset management policies, processes, and plans. In 2014, the ISO 55000 asset polity standards were issued.

GAO was asked to examine federal agencies' real property asset management protocol and the applicability of ISO 55000. This report discusses: (1) key characteristics of an override asset management framework and putting selected federal agencies' frameworks echo these characteristics, and (2) perforce government-wide asset management guidance subject information reflect standards and wishywashy characteristics of an effective excellence management framework, among other objectives.

To conduct this work, Agency reviewed the ISO 55000 rules, relevant studies and literature, cranium interviewed 22 experts and 10 practitioners.

GAO selected six fed agencies as case studies, counting agencies with the largest genuine property portfolio and some agencies that were using the ISO 55000 standards. GAO reviewed statement and interviewed officials from these six agencies, GSA, and OMB.