US GAO releases report on Federal Real Property Asset Management

US GAO releases report on Federal Real Property Asset Management

By Rhys Davies

on

The United States General Accountability Office recommends the Office of Management and Budget take steps to improve information on asset management to reflect leading practices. 

The US Government Accountability Office has just published its report on the state of Asset Management across 6 Federal Agencies (GSA, NASA, National Park Service, US Army Corp of Engineers, US Coast Guard, US Forest Service) with a combined Asset Replacement Value of US$586 billion. Its headline recommendation was: "We are making the following recommendation to OMB: The Director of OMB should take steps to improve existing information on federal asset management to reflect leading practices such as those described in ISO 55000 and the key characteristics we identified and make it readily available to federal agencies...."

This is a major piece of work to both advocate governments to adopt AM principles as well as using the ISO55000 series as a major part of that implementation.

Read the full report here