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Assets and Finances: Use the “Quicken Model” at Work
Almost all of us use Quicken, MS Money or some similar personal financial management software for our home finances and investment accounts. These programs enable individuals to analyze their personal financial performance, transaction data and to understand the implications of delivered value versus cost.
With today’s budgetary pressures, your job will become increasingly difficult unless you can show that you, as a real property professional, contribute to the financial analytical capability of your organization. Isn’t it time you began doing what it takes to bring this capability to your professional life? VISTA President and CEO David Baxa explains his point.
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Plain Talk about Real Property Realities
The Office of Management and Budget (OMB) is not likely to support new funding for real property asset management practices. With two years left in the current administration, no new money will be released and no new initiatives will be introduced. Rather, OMB actions result in making real property professionals’ jobs more difficult so that agencies eventually will do whatever they can to relieve the constant pressure.
VISTA VP for Corporate Development Ray Summerell provided a candid, thought-provoking and entertaining presentation at the April 10 monthly luncheon of the Federal Real Property Association (FRPA). This article summarizes that discussion.
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Will Teleworking Legislation Put Pressure on Property Inventory?
Newly proposed government teleworking legislation might improve the work-life balance of many federal employees – but it may also expose federal real property inventory to being considered as surplus.
Fast-tracking of the proposal means that real property professionals must start now to prepare whatever documentation may be required to justify maintaining their current inventory – or to explain how teleworking will lead to right-sizing the inventory.
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