"Facility Assset Management Doctrine: A Strategy for Making Better Decisions at Lower Risk and Costs"
Author: Dempsey, James J., P.E., USCG
Published In: Facilities Manager
Date: March/April 2007
Excerpted from a presentation made by Dempsey to a Federal Facilities Council forum called Engineering, Construction, and Facilities Asset Management: A Cultural Revolution in October 2006. Where traditional facilities management seeks to ensure the proper working order of a facility portfolio, facilities asset management further incorporates financial, capital, and resource management and the direct application of many decision and information management practices. Presents a decision-making strategy based on extensive observation and lessons learned from the U.S. Coast Guard's Shore Facility Capital Asset Management initiative. Covers the FAM perspectives of facility-mission alignment, facility performance, and financial performance and enabling decision-making practices. Includes tables and references.
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