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Framing Reform in Government
Asset Management
Public Sector for the Future Summit, Harvard University
June 11, 2014
CRISTINA
GARMENDIA
MPP ‘13, Harvard
Cofounder, OpportunitySpace The Roadmap to Reform
Values
4 Challenges
Taxonomy of reform
Corporate asset
management came
into its own in the
1980s. Government, always keen to try the
latest trends, …
Governments have it
harder than
corporations…
Government asset management has
2 objectives:
1. Yes, minimize waste and increase
efficiency.
2. But also, a responsibility to maximize
social and economic impact.
That’s not a math problem.
The values of asset management
Atlanta Providence New York
Drive economic
development
Rethink infrastructure needs
Provide social goods
So who is the decision-maker?
Kentucky
Asset management organization
Strategic
management
Operational
management
Diffuse
management
4 Challenges in Asset Management
#1 Governments don’t know what they own.
#1 Governments don’t
know what they own.
Point Judith, Coast Guard
56,000hours to audit + # of properties
$3.5Bvalue of portfolio
What does it
take to learn
what you own?
4 Challenges in Asset Management
#2 Data is not used to inform decision-making.
Examples:
• Philadelphia granting permits for tax-delinquent properties.
• Most cities do not track maintenance costs by parcel- making it
impossible to prioritize investments into or sale of vacant parcels.
4 Challenges in Asset Management
#3 Decision-makers do not communicate,
coordinate, or collaborate.
#3 Decision-makers do
not communicate,
coordinate, or
collaborate.
What did Raleigh do?
Implementation Team
= Human API
API: application programming interface
Translates between systems
4 Challenges in Asset Management
#4 No clear mechanism for collaboration with
external parties.
What reforms have been proposed
to respond to these challenges?
Taxonomy of reform
Ownership
Management
Government
involvement matrix
2. Third party
management
3. Technology
integration
4. Management
reform
1. Privatization
No
ownership
No
management
Taxonomy of reform
Privatization
No government ownership
No government management
State of Arizona sold buildings
they continue to need as
collateral for $1Bn bond
Taxonomy of reform
Third party management
Government ownership
No government management
Taxonomy of reform
Technology integration
Government ownership
Diffuse government management
Taxonomy of reform
Management reform
Government ownership
Integrated government management
Thank you!
Cristina Garmendia
cristina@opportunityspace.org
info.opportunityspace.org

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Harvard Public Sector for the Future Summit: Framing Reform in Government Asset Management