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Board of Governors of the Federal Reserve System
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Annual Performance Plan 2016

Strategic Pillar 3: Physical Infrastructure

Goal: Build a productive, collaborative work environment through the tailored use of space, technology, and design.


Objective 3.1: Develop and maintain a long-term space strategy that enhances the ability of the Board staff to carry out its mission.

The Board recognizes the need for a long-term strategy for managing space, including aligning space requirements to projected workforce growth.

Projects and Initiatives
  • Lease space for projected near-term workforce growth.
  • Develop the long-term space strategy, including the identification and refinement of space parameters.

Objective 3.2: Enhance the usability of existing space to provide a secure, modern environment that meets the needs of the workforce, promotes efficiency, supports resiliency and continuity efforts, and maximizes productivity.

The renovation of the Martin Building and upgrades to the Eccles and New York Avenue buildings represent critical steps toward creating a modern, safe, and efficient workplace. Additional projects will enhance occupant safety and security within the Board's facilities.

Projects and Initiatives
  • Effectively manage the multiyear Martin Building renovation project.
  • Continue upgrades to the Eccles Building, including completion of infrastructure upgrades to ensure the Eccles Building operates independently of the Martin Building.
  • Continue work on projects that enhance the safety and security of Board facilities, including the continuation of the transition to a digital security system infrastructure and the implementation of new emergency notification systems.
  • Procure and install new equipment in the New York Avenue Building.
  • Implement technology upgrades and enhance meeting facilities throughout the Board's facilities.

Objective 3.3: Develop and implement best practices for efficiently managing space.

Staff will seek to emphasize the efficient use of space, including consolidating the workforce into as few locations as possible while meeting contingency needs and considering the environmental impact. Ongoing assessments will ensure that existing Board facilities are operating efficiently.

Projects and Initiatives
  • Continue work on the condition assessment of the New York Avenue Building, which includes inspecting the mechanical, electrical, plumbing, and architectural aspects of the building and identifying possible efficiency gains.
  • Improve facility operations and maintenance, space planning, and physical asset management through facilities modeling.
  • Begin development of a Board design standard for facilities projects.
  • Revalidate and, when necessary, create operating standards for new equipment.

Objective 3.4: Facilitate Board policies to enable use of alternative workspace.

The Board will address the growing and changing needs of its workforce, including the growing need to collaborate across organizational and geographical boundaries, and evaluate its approach to workspace and flexible working environments.

Projects and Initiatives
  • Align space management choices with Board decisions and policies regarding alternate work arrangements and workspace.
Last update: February 24, 2016

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