FAMM

FAMM, or the Federal Asset Management Model, is a framework used by organizations to efficiently track and manage their physical assets—things like equipment, facilities, or infrastructure. It helps ensure assets are utilized effectively, maintained properly, and replaced when needed, ultimately reducing costs and improving performance. FAMM involves assessing asset value, planning for maintenance or upgrades, and making informed decisions based on data. By doing so, organizations can optimize their resources, extend the life of their assets, and achieve better operational outcomes.