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Opportunities in Asset Management -A Role for YOU? -. TRB ANNUAL MEETING - Session 482 WASHINGTON, DC January 14, 2003 David S. Ekern, Associate Director – AASHTO Assistant Commissioner – Mn/DOT. PRESENTATION TOPICS. Why Is It Important? What Is It? Should You Be Interested?

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opportunities in asset management a role for you
Opportunities in Asset Management-A Role for YOU? -

TRB ANNUAL MEETING - Session 482

WASHINGTON, DC January 14, 2003

David S. Ekern, Associate Director – AASHTO

Assistant Commissioner – Mn/DOT

presentation topics
PRESENTATION TOPICS
  • Why Is It Important?
  • What Is It?
  • Should You Be Interested?
  • Will It Last?
slide3

Why is Transportation Asset

Management Important Now?

  • $1 Trillion Investment in Highways
  • Shift from Construction to
  • Preservation
  • Aging Infrastructure
  • Increasing Traffic & Growth
  • in Movement of Goods
  • Reinventing Government
  • Performance Management
  • & Accountability
  • Information Age
why is asset management important
Why is Asset Management Important?
  • Enables an agency to support and justify legislative budget requests.
  • Maximizes the benefits from available funding.
  • Shows the trade-offs of alternative investment strategies.
  • Supports decision making and enhances productivity.
  • Facilitates decision making using readily available quantitative and qualitative information.
  • Enables appropriate resource allocation and asset optimization.
what is transportation asset management
What Is Transportation Asset Management?

A strategic approach to managing transportation infrastructure

Specifically

Getting the Best Results/Performance for the Preservation, Improvement, and Operation of Infrastructure Assets Given the Resources Available

what is transportation asset management1
What Is Transportation Asset Management?
  • A philosophy
    • Policy based
    • Performance Driven
    • Comprehensive
    • Long term
  • A process
    • Investment choices, tradeoffs, decisions
    • Organizational roles and responsibilities
    • Improved horizontal and vertical communication
  • A set of technical tools
    • Data Acquisition and Management Systems
    • Integrated Analysis/Performance Prediction
    • GIS
asset management framework
Asset Management Framework

Policy Goals and Objectives

System Performance Economic Social/Environment

Integrated Analysis of Options and Tradeoffs

Asset Classes

Highways

Bridge

Transit

Rail

Port

Objectives

System Preservation

New Capacity

Operating Efficiency

Safety

Types of Investments

Capital

Operating

Maintenance

Quality Information

Resource Allocation Decisions, Investment Choices

Financial Human Information

Implementation - Program Delivery

Agency, Inter-governmental

Public/Private Partnership

Outsource - Privatize

Systems Monitoring and Performance Results

the current players
AASHTO Asset Management Task Force

TRB Task Force on Asset Management (A1T50)

American Public Works Association (APWA)

FWHA Office of Asset Management

University Transportation Centers

Midwest (Univ Wisc, Madison)

CTRE (Iowa State)

UIC (Chicago)

TRB Committees

Statewide Data Committee (A1D09),

Urban Transportation Data (A1D08)

Information Systems and Technology (A5003)

Spatial Data and Information Science (A5015)

The Current Players
significant activities
Significant Activities
  • 6 National Workshops since 1996.
  • Numerous Organizations investigating Asset Management (CERF, APWA, ASCE).
  • FHWA - Office of Asset Management.
  • AASHTO AM Task Force 1998.
  • TRB AM Task Force in 2000.
  • Numerous TRB Committees Engaging.
  • NCHRP - 1St Generation Guide - 1999.
  • NCHRP - Analysis Tools - 2001.
  • NCHRP – Performance Measures – 2002.
  • Pilot FHWA Training – 2002
  • 2002 Summit
  • Joint FHWA/AASHTO/TRB Website established.
    • http://assetmanagement.transportation.org
  • 5th National Conference in 2003
the strategic plan
The Strategic Plan

Goal 1: “Develop Partnerships”

4 strategies

Goal 2: “Develop An Understanding”

7 strategies

Goal 3: “Promote Tools and Research”

8 strategies

Goal 4: “Inform Member States on Use”

2 strategies

Goal 5: “Assist Member States”

4 strategies

why should you be interested institutional
Why Should You Be Interested?Institutional
  • Integrating decision-making and resource allocation across all asset classes
  • Combining financial, management, engineering, and operational perspectives
  • Defining system performance measures that reflect customer perspective and user costs
  • Senior management support and leadership
  • Developing new public and private sector roles
should you be interested
Should You Be Interested?
  • Integrating legacy systems for different asset classes
  • Developing comprehensive, GIS-compatible, enterprise-wide databases
  • Creating next generation management systems that support wide range of “what-if” analyses reflecting different budget and performance assumptions
  • Improving life-cycle analysis methods
  • Strengthening transportation system monitoring capabilities
so who is using it and how does it work
So, who is using it?And How Does it Work?
  • The Michigan Approach
  • The Asset Management Guide
can it help you
CAN IT HELP YOU?
  • Systematic approach to defining needs and options
  • Improved use of available resources
  • Improved credibility and accountability for decisions
  • Improved performance and service to customers
  • Flexibility to make decisions based on performance
  • Improved communication and collaboration within your agency
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