Federal Asset Management Forum Shows Potential for Dramatic Savings of U.S. Tax Dollars

High-level U.S. Federal agency executives expressed their support for adoption of the ISO 55000 asset management standard series as a key means of saving significant taxpayer dollars at the Federal Leadership in Asset Management Policy Forum in Washington, D.C. on October 20 & 21, 2015.

Convened at the National Academies of Sciences, Engineering, and Medicine historic building on the National Mall, the Forum was co-sponsored by the Federal Facility Council and the Asset Leadership Network. Participating Federal agencies included the General Services Administration, Department of Defense, Department of Veterans Affairs, Office of Management and Budget, U.S. Army Corps of Engineers, Department of Homeland Security, General Accounting Office and others.

Alex Kurien, Deputy Associate Administrator, Office of U.S. Government-Wide Policy, General Services Administration stated, “Although I am extremely busy managing eight policies protecting the interests of the American people, I made time to participate in this Asset Management Forum because supporting advanced asset management processes, such as adopting ISO 55000, is a clear path to enhancing the stewardship of our Federal Assets and saving taxpayer dollars.”

Alex Kurien spoke about the ways ISO 55000 can help better manage $1.5 trillion in Federal personal property and $1.5 trillion in real property during the Federal Leadership in Asset Management Policy Forum at the National Academy of Sciences in October 2015. Photo: Robert Smith
Alex Kurien spoke about the ways ISO 55000 can help better manage $1.5 trillion in Federal personal property and $1.5 trillion in real property during the Federal Leadership in Asset Management Policy Forum at the National Academy of Sciences in October 2015.
Photo: Robert Smith

Sessions at the forum included demonstrating how advanced technology is enabling a closer relationship between real property and personal property, an expert panel focused on improving water asset management, and a keynote presentation on proven fleet management processes. In addition, the forum hosted an Executive Envisioning session with real property leaders from four Federal Agencies, industry leaders and keynote speaker Dag Detter, whose book, “The Public Wealth of Nations”, was used to spark discussion of repairing Federal infrastructure with the dramatic savings possible with proper asset management tools and processes.

At an evening event held at the National Press Club, the Asset Leadership Network presented four 2015 Asset Leadership Impact Awards to recognize those individuals and organizations for their significant impact in asset management programs and processes. The honorees were:

  • The National Guard Bureau and the Army National Guard for their use of ISO 55000 to help tie assets to mission;
  • The DoD, VA, OMB and NAVFAC for their collaborative efforts to improve management of real property and personal assets;
  • Patrick Murphy (FL-18) for the introduction of the bipartisan Savings, Accountability, Value, and Efficiency Act (SAVE Act) to improve Federal asset disposition; and,
  • Renowned author Dag Detter for his insight into the management of public assets described in “The Public Wealth of Nations.”

A day of briefings to the offices of many U.S. Senators and Representatives followed the Forum and resulted in positive responses for the potential adoption of ISO 55000 to improve the efficiency and effectiveness of managing federal assets and returning significantly increased value to taxpayers.

More information is available at www.assetleadership.net.