Transportation Asset Management
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Transportation Asset Management

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Transportation Asset Management Transportation Asset Management Presentation Transcript

  • Transportation Asset Management Presented by: Madeleine Bloom, Director Office of Asset Management, FHWA An Introductory Briefing FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • Agenda
    • Introduction
    • What is Asset Management?
    • Why Asset Management?
    • How do we get there?
    • Conclusion
    FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • What is Asset Management ?
    • No “definitive” definition
    • Bottom-line: Cost-effective resource allocation and programming decisions
    Working Definition FEDERAL HIGHWAY ADMINISTRATION Asset Management View slide
  • What is Asset Management ?
    • Partnership
    • Consensus
    • Information based
    • Strategic Resource Allocation
    • Performance Measurement
    • Feedback
    What it means…. FEDERAL HIGHWAY ADMINISTRATION Asset Management View slide
  • What is Asset Management ? Key Elements Engineering Economics Business Practices FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • Broad Range of Assets Highway Transit Air Pavements Bridges Hardware Tunnels Signals Rest Areas    Dollars People Data Tracks Rolling Stock Stations    Runways Terminals Hangers    What is Asset Management? FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • Why Asset Management
    • System Demands
    • Personnel Constraints
    • Increased Budget Demands
    Driving Trends Transportation Environment FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • Why Asset Management
    • What is Bought with Public Funds
    • How Spending Decisions are made
    • What is Accomplished
    Driving Trends Accountability FEDERAL HIGHWAY ADMINISTRATION Asset Management
    • New Financial Reporting Requirement for States
    • Requires Recording of Long-Lived Infrastructure
    • Depreciation or Preservation (Asset Management) Approach
    Why Asset Management Driving Trends GASB Statement No. 34 FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • Why Asset Management
    • Increasingly powerful computers
    • Sophisticated analytical tools and techniques
    • Advances in information technology
    Driving Trends Technological Advances FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • How Do We Get There?
    • FHWA Reorganization
    • Consolidate Disparate Functions
    • Partnership with AASHTO
    FHWA Office of Asset Management FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • How Do We Get There?
    • AASHTO Task Force
    • Workshops
    • AASHTO Guide to Asset Management (NCHRP)
    • AASHTO Strategic/Action Plan
    AASHTO/FHWA Partnership FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • Transportation Asset Management Workshops How Do We Get There? AASHTO/FHWA Partnership FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • Strategic Plan - Goals
    • Develop Partnerships
    • Develop an Understanding
    • Develop Tools and Research
    • Inform Leadership on Use
    • Assist Member States
    How Do We Get There? AASHTO FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • Keys to Success
    • Sustained Political Commitment
    • Executive Leadership
    • Commit Resources - State and National Level
    • Facilitate Sharing between States
    • Pool Organizational Resources - AASHTO, TRB/NCHRP and FHWA
    Conclusion FEDERAL HIGHWAY ADMINISTRATION Asset Management