Office of Asset Enterprise Management — Organization and Functions
Capital Asset Policy, Planning, and Strategy (CAPPS) Service | Investment & Enterprise Development Service (IEDS)
Capital Asset Management Service (CAMS) — This service establishes, analyzes, monitors, and manages VA’s portfolio of capital assets. It establishes a performance management system, set asset utilization goals and standards for existing assets, and ensures financial integrity. Specifically, the CAM Service will:
- Establish, analyze, monitor, and manage VA’s portfolio. Establish VA’s portfolio by identifying new portfolio holdings and establishing a capital asset inventory of significant assets to identify utilization, cost/market value, size, location, physical assessment, historical status, contingent liabilities, etc. Analyze portfolio by conducting a baseline assessment of existing assets to determine VA’s current investment status, commitments, and liabilities. Appropriate standards and/or benchmarks will be established based upon the portfolio analysis. Monitor portfolio by establishing performance goals and asset utilization standards. Manage portfolio by providing guidance on gap analysis, performance management, and asset disposal. Establish incentives for high performance. Monitor the cost of asset ownership as a measure of portfolio performance.
- Set asset utilization goals for VA capital asset, across all Administrations and staff offices by exploring all viable alternatives during the decision making process, including current use rate, cost of asset ownership, and other measures to use assets in the most cost effective manner. Develop Administration and Staff Office goals for land and building utilization.
- This Service will develop a comprehensive Department-wide performance management system to submit and track all types of new capital investment proposals in terms of cost, schedule, and performance. This activity will facilitate the Department’s compliance with statutory requirements (i.e., Clinger-Cohen Act of 1996, OMB Circular No. A-11, FASA of 1994, GPRA of 1993, etc.). This Service will also issue routine performance reports and assist offices with appropriate corrective actions to enable them to meet or exceed established performance measures. The performance management approach will incorporate Earned Value methodology into investment tracking and monitoring to allow the Department to enter into early interventions for problematic investments.
- Set standards for existing assets (legacy) by establishing guidelines for the continuation of lease holdings, IT systems, private ventures, etc., to ensure the use of the asset is in the best interest of VA. A cost-benefit requirement will be established for on-going assets. In conjunction with the Administrations and staff offices, this CAM Service will develop guidance for the portfolio standards and the Administrations and staff offices will be responsible for meeting these standards. CAM Service will continuously evaluate and monitor the Department’s status with regard to these standards and assist the Administrations and staff offices with corrective actions when appropriate.
- Ensure financial integrity by conducting routine financial reviews and analyses (audits) of different programs; providing financial expertise for transactions; ensuring transactions are undertaken in a legally consistent manner; assuring uniform application of benefits from the programs; assuring the Department’s financial interests are protected; dealing with issues that arise in the privatization area (oversee the Department’s various privatization programs and assure consistency in privatization approaches, minimize costs/risks of loss resulting from inconsistent applications); and providing trust management and administration. All technical audits and evaluations between the Assistant Secretary for Management (financial, procurement) and the Departmental CIO will be streamlined and fully coordinated
