Program Management Projects:
Federal Reserve Bank of Dallas

 

1,460 Employees
3 sites -- 459,000 GSF

 

 

Strategic Facilities Planning assignments for the Federal Reserve Bank of Dallas during the 1980s included Operations Analysis, Facility Audits, Facilities Forecasts, Alternate Scenario Designs, Economic Models and Site Studies.

Program Management first audited separate Bank functions' use of space to develop an automated facilities requirement model.  Next, different patterns of space needs were defined, each corresponding to alternate market conditions and the Bank's changing operations (i.e., information manager, regulator). As these issues became more understood and specific needs were agreed, Program Management later developed and studied the economics of the Bank's different Facility Strategies.

Following considerable economic analysis, one scenario based upon a delayed consolidation strategy was selected in 1984, a site was selected in 1989, and the new 750,000 GSF complex opened in 1992. Program Management's economic modeling techniques were later adopted by the Federal Reserve System as a standard analytical tool.

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