Review of GSA Personal Property Policy Regulations

The Asset Leadership Network (ALN) has responded to GSA’s request for input regarding potential regulatory reductions, changes and updates for asset management. The ALN advocates the adoption and implementation of standards in GSA policy revisions.

The Office of Management and Budget (OMB) and the White House are continuing their initiative for cost savings as directed in EO 135891 and OMB M-12-122, as they evaluate current and future budget constraints. This search by OMB and the White House for more potential savings reflects the recognition that excessive regulatory burden creates undue costs for the business of government, and, therefore, the public. The effective and efficient management of government assets is fundamental in an environment where there are competing demands for government resources.

It is recognized by industry and various government entities that efficiencies in the management of assets can best be achieved through the use of best practices and Voluntary Consensus Standards (VCS) as directed under OMB A-1193. Standards, such as the ISO 55000 Asset Management standard guides the development of an integrated policy framework for the strategic management of assets. Policy revisions should seek to incorporate the principles of ISO 55000 and provide guidance to the agencies for use of other relevant standards such as those developed by the ASTM E53 committee on Asset Management. Incorporating standards in policy would add strategic value for long term savings to the government, flexibility to the agencies and create an overarching management system for all asset types that commands the realization of value from all agencies’ assets.

To read the full ALN Response to GSA, click here:

Response to Review of GSA Personal Property Policy Regulations