What are the Asset Management Guiding Principles as developed by the Federal Real Property Council (FRPC)?
In December 2004, the FRPC issued “Guidance for Improved Asset Management”, which established ten government-wide strategic objectives for improving agency asset management. Agencies must ensure all real property initiatives are consistent with the following FPRC Guiding Principles: • Support agency missions and strategic goals • Use public and commercial benchmarks and best practices • Employ life-cycle cost benefit analysis • Promote full and appropriate utilization • Dispose of unneeded assets • Provide appropriate levels of investment • Accurately inventory and describe all assets • Employ balanced performance measures • Advance customer satisfaction • Provide for safe, secure, and healthy workplaces Learn more about the FRPC guidance issued in December 2004.
