Transportation Asset Management Presented by: Madeleine Bloom, Director Office of Asset Management, FHWA An Introductory B...
Agenda <ul><li>Introduction </li></ul><ul><li>What is Asset Management? </li></ul><ul><li>Why Asset Management? </li></ul>...
What is Asset Management ? <ul><li>No “definitive” definition </li></ul><ul><li>Bottom-line:  Cost-effective resource allo...
What is Asset Management ? <ul><li>Partnership </li></ul><ul><li>Consensus </li></ul><ul><li>Information based </li></ul><...
What is Asset Management ? Key Elements Engineering Economics Business Practices FEDERAL HIGHWAY  ADMINISTRATION Asset Man...
Broad Range of Assets Highway Transit Air Pavements Bridges Hardware Tunnels Signals Rest Areas    Dollars People Data ...
Why Asset Management <ul><li>System Demands </li></ul><ul><li>Personnel Constraints </li></ul><ul><li>Increased Budget Dem...
Why Asset Management <ul><li>What is Bought with Public Funds </li></ul><ul><li>How Spending Decisions are made </li></ul>...
<ul><li>New Financial Reporting Requirement for States </li></ul><ul><li>Requires Recording of Long-Lived Infrastructure <...
Why Asset Management <ul><li>Increasingly powerful computers </li></ul><ul><li>Sophisticated analytical tools and techniqu...
How Do We Get There? <ul><li>FHWA Reorganization </li></ul><ul><li>Consolidate Disparate Functions </li></ul><ul><li>Partn...
How Do We Get There? <ul><li>AASHTO Task Force </li></ul><ul><li>Workshops </li></ul><ul><li>AASHTO Guide to Asset Managem...
Transportation Asset Management  Workshops How Do We Get There? AASHTO/FHWA Partnership FEDERAL HIGHWAY  ADMINISTRATION As...
Strategic Plan - Goals <ul><li>Develop Partnerships </li></ul><ul><li>Develop an Understanding </li></ul><ul><li>Develop T...
Keys to Success <ul><li>Sustained Political Commitment </li></ul><ul><li>Executive Leadership </li></ul><ul><li>Commit Res...
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Transportation Asset Management

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Transportation Asset Management

  1. 1. Transportation Asset Management Presented by: Madeleine Bloom, Director Office of Asset Management, FHWA An Introductory Briefing FEDERAL HIGHWAY ADMINISTRATION Asset Management
  2. 2. Agenda <ul><li>Introduction </li></ul><ul><li>What is Asset Management? </li></ul><ul><li>Why Asset Management? </li></ul><ul><li>How do we get there? </li></ul><ul><li>Conclusion </li></ul>FEDERAL HIGHWAY ADMINISTRATION Asset Management
  3. 3. What is Asset Management ? <ul><li>No “definitive” definition </li></ul><ul><li>Bottom-line: Cost-effective resource allocation and programming decisions </li></ul>Working Definition FEDERAL HIGHWAY ADMINISTRATION Asset Management
  4. 4. What is Asset Management ? <ul><li>Partnership </li></ul><ul><li>Consensus </li></ul><ul><li>Information based </li></ul><ul><li>Strategic Resource Allocation </li></ul><ul><li>Performance Measurement </li></ul><ul><li>Feedback </li></ul>What it means…. FEDERAL HIGHWAY ADMINISTRATION Asset Management
  5. 5. What is Asset Management ? Key Elements Engineering Economics Business Practices FEDERAL HIGHWAY ADMINISTRATION Asset Management
  6. 6. 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
  7. 7. Why Asset Management <ul><li>System Demands </li></ul><ul><li>Personnel Constraints </li></ul><ul><li>Increased Budget Demands </li></ul>Driving Trends Transportation Environment FEDERAL HIGHWAY ADMINISTRATION Asset Management
  8. 8. Why Asset Management <ul><li>What is Bought with Public Funds </li></ul><ul><li>How Spending Decisions are made </li></ul><ul><li>What is Accomplished </li></ul>Driving Trends Accountability FEDERAL HIGHWAY ADMINISTRATION Asset Management
  9. 9. <ul><li>New Financial Reporting Requirement for States </li></ul><ul><li>Requires Recording of Long-Lived Infrastructure </li></ul><ul><li>Depreciation or Preservation (Asset Management) Approach </li></ul>Why Asset Management Driving Trends GASB Statement No. 34 FEDERAL HIGHWAY ADMINISTRATION Asset Management
  10. 10. Why Asset Management <ul><li>Increasingly powerful computers </li></ul><ul><li>Sophisticated analytical tools and techniques </li></ul><ul><li>Advances in information technology </li></ul>Driving Trends Technological Advances FEDERAL HIGHWAY ADMINISTRATION Asset Management
  11. 11. How Do We Get There? <ul><li>FHWA Reorganization </li></ul><ul><li>Consolidate Disparate Functions </li></ul><ul><li>Partnership with AASHTO </li></ul>FHWA Office of Asset Management FEDERAL HIGHWAY ADMINISTRATION Asset Management
  12. 12. How Do We Get There? <ul><li>AASHTO Task Force </li></ul><ul><li>Workshops </li></ul><ul><li>AASHTO Guide to Asset Management (NCHRP) </li></ul><ul><li>AASHTO Strategic/Action Plan </li></ul>AASHTO/FHWA Partnership FEDERAL HIGHWAY ADMINISTRATION Asset Management
  13. 13. Transportation Asset Management Workshops How Do We Get There? AASHTO/FHWA Partnership FEDERAL HIGHWAY ADMINISTRATION Asset Management
  14. 14. Strategic Plan - Goals <ul><li>Develop Partnerships </li></ul><ul><li>Develop an Understanding </li></ul><ul><li>Develop Tools and Research </li></ul><ul><li>Inform Leadership on Use </li></ul><ul><li>Assist Member States </li></ul>How Do We Get There? AASHTO FEDERAL HIGHWAY ADMINISTRATION Asset Management
  15. 15. Keys to Success <ul><li>Sustained Political Commitment </li></ul><ul><li>Executive Leadership </li></ul><ul><li>Commit Resources - State and National Level </li></ul><ul><li>Facilitate Sharing between States </li></ul><ul><li>Pool Organizational Resources - AASHTO, TRB/NCHRP and FHWA </li></ul>Conclusion FEDERAL HIGHWAY ADMINISTRATION Asset Management
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