Standard Practice for Establishing the Guiding Principles of Property Asset Management

Importancia y uso:

4.1 The intent of these principles and desired outcomes is to provide requirements and guidance for an effective and efficient system for (1) the acquisition of property, (2) the utilization of available property, and (3) the disposal of property. (40 U.S. Code § 101)

4.2 Asset management practices shall seek, when viewed in totality, to be effective and efficient, to the point at which benefits exceed the costs of operation.

4.3 The requirements and guidance in this practice shall be used to establish property management plans that strategically address organizational objectives including: scope, management system, management structure, process flows, alignment, internal controls, enforcement, risks, accountability, and resources to collectively realize optimal value from assets.

4.4 The intent of this practice is to promote the right sizing and scope of the asset management activity to appropriately manage organizational assets.

4.5 To establish a learning and innovative culture with continuous self-assessments and process improvements.

4.6 To establish policies, systems, and processes to timely prevent, detect, and correct operational weaknesses and deficiencies in internal controls that may result in waste, fraud abuse, mismanagement, and corruption.

Subcomité:

E53.01

Referida por:

E2452-12R19, E3015-15R20, E2135-22, E3221-19, E2631-20, E2306-18, E3257-21, E2608-20, E2676-09R20, E2811-24, E2607-21, E2378-19, E2936-20, E2131-16R22, E2453-19, E2672-16R21, E2675-22

Volúmen:

04.12

Número ICS:

03.100.01 (Company organization and management in general)

Palabras clave:

acquisition cost; agency; asset; best value; care and handling; company; compliance; condone; impairment; institution; internal controls; inventory; materiality; operations; personal property; property; professional judgment; property management; reasonable detail; reporting; risk; willfully ignorant;