Skip this Video
Download Presentation
Transportation Asset Management: Basics Speaker

Loading in 2 Seconds...

play fullscreen
1 / 22

Transportation Asset Management: Basics Speaker - PowerPoint PPT Presentation

  • Uploaded on

Transportation Asset Management: Basics Speaker.

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

PowerPoint Slideshow about ' Transportation Asset Management: Basics Speaker' - wade-greene

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
what is transportation asset management
“Transportation Asset Management is a strategic and systematic process of operating, maintaining, upgrading and expanding physical assets effectively throughout their lifecycle. It focuses on business and engineering practices for resource allocation and utilization, with the objective of better decision making based upon quality information and well defined objectives.” AASHTO Subcommittee on Asset ManagementWhat is Transportation Asset Management?
why transportation asset management
“As government providers and operators of transportation systems, we face an increasingly complex challenge of improving safety, mobility and the aesthetics of our highway system in an environment of constrained resources. Implementing an asset management approach is essential to ensure that we invest the public funding entrusted to us wisely, and that we minimize long-term costs in achieving our desired service level objectives.”

Neil J. Pedersen, Administrator, Maryland State Highway Administration

and Vice-Chair, AASHTO Subcommittee on Asset Management

Why Transportation Asset Management?
national context
Aging Infrastructure

Growing Congestion

Funding Shortfall

Focus on System Performance

Asset Management is Imperative

National Context
report on the national surface transportation policy and revenue study commission
Rebuilding America: A National Asset Management Program. The first of the 10 programs proposed by the Commission would put and keep the Nation’s infrastructure in a state of good repair in the most efficient and cost-effective manner possible.Report on the National Surface Transportation Policy and Revenue Study Commission:
Improved decision-making supported by policies, performance-based goals, performance measures, and appropriate service levels

Decisions are based on accurate data, and sound engineering and economic analysis

Long-term view of assets

More robust management and monitoring systems

How Does Transportation Asset Management Work?

what makes tam strategic
Focus on the strategic goals of the agency, performance measures, and system performance

All assets considered comprehensively

Compare performance with desired performance measures

Tradeoff analysis and life cycle performance used to support decision making

Apply economics, business and engineering principles, needs assessment/public involvement, and risk assessment to manage assets and evaluate tradeoffs

What Makes TAM Strategic?
asset management five core questions
What is the current state of my assets?

What is my required level of service/ performance?

Which assets are critical to sustained performance?

What are my best “Operations and Maintenance” and “Capital Improvement” investment strategies?

What is my best long-term funding strategy?

Asset Management: Five Core Questions
asset management five core questions1
Asset Management:Five Core Questions
  • 1. What is the current state of my assets?
      • What do I own?
      • Where is it?
      • What condition is it in?
      • What is its remaining useful life?
      • What is its remaining economic value?
asset management five core questions2
Asset Management:Five Core Questions

2. What is my required level of service/ performance level?

  • What is the demand for services by stakeholders?
  • Are there regulatory requirements?
  • What is my actual performance?
asset management five core questions3
3. Which assets are critical to sustained performance?

How does it fail? How can it fail?

What is the likelihood of failure?

What does it cost to repair?

What are the consequences of failure?

Asset Management:Five Core Questions
asset management five core questions4
4. What are my best “Operations and Maintenance” and “Capital Improvement” investment strategies?

What alternative management options exist?

Which are the most feasible for my organization?

5. What is my best long-term funding strategy?

Asset Management:Five Core Questions
how to develop and implement a transportation asset management program
Set Target Level of Service/Performance Goals

Develop Asset Inventory

Condition Assessment, Failure Modes

Determine Remaining Service Life

Determine Life Cycle & Replacement Costs

How to Develop and Implement a Transportation Asset Management Program
how to develop and implement a transportation asset management program1
How to Develop and Implement a Transportation Asset Management Program


  • Determine Business Risk
  • Optimize Operation and Maintenance
  • Optimize Capital Investment
  • Determine Funding Strategy
  • Build Asset Management Plan
Transportation Asset Management


Goals and Objectives

Inventory and condition assessment

Analysis of Options

and Tradeoffs

Preservation, Operations,

Capacity Expansion




Decision-Making &

Resource Allocation



Monitoring and Performance Measures

transportation asset management
Transportation Asset Management




Capital Improvement



the application of transportation asset management
Planning process

Initial goal setting

Long-range planning

TIP/STIP development




Performance Measurement/Evaluation

The Application of Transportation Asset Management
the most successful asset management programs
Have performance measures that guide investment decisions

Adopt a ‘preservation first’ strategy for their investment priorities

Moved away from a “worst first” investment strategy, and instead have adopted investment principles that are based on life cycle costing

The most successful asset management programs:
the most successful asset management programs1
Undertake scenario analysis showing the consequences on performance measures of various investment decisions

Conduct an organizational self assessment as one of the most important starting points for implementing an asset management process

Have an Asset Management champion

The most successful asset management programs:
challenges to implementing
Link Asset Management to decision making

Collect the right data for performance measures

Develop and convey top management support and commitment

Identify the individuals responsible for implementation

Overcome resistance to change

Challenges to Implementing
the agency using tam will improve customer satisfaction by
Maximizing highway service performance

Minimizing life cycle costs

Being more accountable

Being better positioned to anticipate and secure needed funding

Improving highway safety

Matching service levels with customer expectations

The agency using TAM will improve customer satisfaction by:
resources are available
AASHTO Transportation Asset Management Guide and NHI course

Asset Management Today website / community of practice:

AASHTO Asset Management Subcommittee

TRB Asset Management Committee

Office of Asset Management, FHWA

AASHTO-AGC-ARTBA Data Collection Guide

AASHTOWare: Assetmanager NT and PT


Resources Are Available