Impact of the GAO Report – GAO-19-57 Federal Real Property Asset Management

The recent report by the GAO on  Federal Real Property Asset Management . In this post we discuss the implications of this report  for both Private and Public-Sector Organizations.

Background :Senators Claire McCaskill and Tom Carper requested the U.S. Government Accountability Office to study the potential value of the ISO 55000 management system for asset management on the federal government

 

2 thoughts on “Impact of the GAO Report – GAO-19-57 Federal Real Property Asset Management”

  1. I liked the 6 Characteristics identified in the report
    1) Establishing formal policies and plans
    2)Maximizing an asset portfolio’s value
    3)Maintaining leadership support
    4)Using quality data
    5)Promoting a collaborative organizational culture
    6) Evaluating and improving asset management practices

    However , considering our poor infrastructure was hoping for more urgency in actions.

  2. All six recommendations are addressed in a properly executed implementation of ISO-55001 Certification.
    The municipality of Washington DC addressed all these issues and several more and was able to take their bond rating from below junk bond rating to a AAA rating in less than five years.
    The value of ISO-55000 as a model for asset management is proven. Certification announces it to the world!

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