Air Force Center for Engineering and the Environment

Resource Library > Housing Privatization > Portfolio Management > Background and Purpose

Background and Purpose
Air Staff defined the basic goals and objectives for the Air Force Center for Engineering and the Environment (AFCEE) in the context of the Project Management Phase of the schedule of privatization services. The authority and general scope of the Program is defined in the Housing Privatization Portfolio Management Delegation Letter, dated 21 February 2001, and the Military Housing Privatization Initiative Portfolio Management Program Letter, dated 3 January 2003.

The Portfolio and Asset Management Program (Program) encompasses the means by which AFCEE accomplishes the goals and objectives established by Air Staff. The Program encompasses the activities and services in Phase IV, "Project Management," displayed below. The Project Management phase begins after the finalization of the legal, fiscal, and operational guidance documents and contracts at the conclusion of the Project Acquisition phase (Project Transaction Closing). The Program activities formally begin prior to transaction closing at the end of the Acquisition Phase. As transaction documents and contracts are finalized, program participants begin reviewing the documentation and interacting with other Project stakeholders to gain an understanding of Project details. Additionally, Program participants will receive guidance and training on the services and resources available through the Program.

Phase I Project Identification	Phase II Project Definition	Phase II Project Acquisition	Phase IV Project Management	Phase V Project Closeout
Activities
Define requirements Conduct preliminary analysis Program project requirements	Evaluate opportunities for using authorites Review and approve concept	Develop acquisition documentation Issue solicitation Evaluate responses Submit notification Secure funding authority Award	Initiate project Provide project oversight and ensure compliance Conduct financial planning and budgeting	Asset disposition
Services
Market analysis Proforma support Housing community plan Family housing assessment Environmental analysis Feasibility studies DD Form 1391 assistance	Requirements and design charettes Integrated process team meetings Concept briefing preparation Facilitate housing stakeholder consultation Develop acquisition plan	RFP and/or LLP development Manage solicitation process Make needed public and regulatory announcements Augment source selection board Deal maker contract Housing QA training	Establish and train project management team Lessons learned workshops Solicit/provide consultation support services Financial management and oversight of government direct loans, loan guarantees and differential lease payments	Assist in determinational appropriate "exit" strategy.

Purpose
Portfolio and Asset Management is the collaborative process whereby the Portfolio and Asset-level program participants satisfy the legal, fiscal, operational and mission-specific obligations of each Air Force privatized housing project in the context of the Military Housing Privatization Initiative.

Legal Obligations - the contractually binding documents dictating the activities to be performed according to the legal documents governing the privatized housing projects
Fiscal Obligations - the fiduciary responsibility to act in the best interest of the projects to ensure privatized housing project feasibility and long term financial success
Operational Obligations - the responsibility and associated actions required to maintain a market competitive property
Mission-specific - the over-arching responsibility to improve the quality of life for military service members by improving the condition of their housing

Inside AFCEE

GeneralImagesVideo

View All RSS

Housing Privatization

Financial Policy and Guidance

Asset Management

Portfolio Management

Background and Purpose

Stakeholders

--	Services --Initial Services --Sustainment Services --Site Assessments --Quarterly Reporting --Compliance Testing --Lockbox Reporting --Budget Reviews --PEP Reporting --Document Mgmt

Portfolio/Asset Mgmt. Support Contacts

Training Archive

Useful Links

Frequently Asked Questions

Links

2009 Privatization Workshop

HP Communications Toolbox