What is an agency Asset Management Plan?
The Federal Real Property Council (FRPC) directed each agency to draft an asset management plan. The plan must address the ten FRPC Guiding Principles and other required components, such as: • agency specific-owner objectives • prioritized operations • maintenance costs • capital investment plans • periodic evaluation of assets The FRPC’s Asset Management Plan Committee prepared a shelf document, containing a template that agencies could customize to create unique asset management plans. The first round of agency asset management plans were submitted to the Office of Management and Budget (OMB) for approval and review in December 2005.
