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Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
Transportation Asset Management
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Transportation Asset Management

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  • 1. Transportation Asset Management Presented by: Madeleine Bloom, Director Office of Asset Management, FHWA An Introductory Briefing FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • 2. Agenda
    • Introduction
    • What is Asset Management?
    • Why Asset Management?
    • How do we get there?
    • Conclusion
    FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • 3. What is Asset Management ?
    • No “definitive” definition
    • Bottom-line: Cost-effective resource allocation and programming decisions
    Working Definition FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • 4. What is Asset Management ?
    • Partnership
    • Consensus
    • Information based
    • Strategic Resource Allocation
    • Performance Measurement
    • Feedback
    What it means…. FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • 5. What is Asset Management ? Key Elements Engineering Economics Business Practices FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • 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. Why Asset Management
    • System Demands
    • Personnel Constraints
    • Increased Budget Demands
    Driving Trends Transportation Environment FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • 8. 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
  • 9.
    • 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
  • 10. Why Asset Management
    • Increasingly powerful computers
    • Sophisticated analytical tools and techniques
    • Advances in information technology
    Driving Trends Technological Advances FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • 11. How Do We Get There?
    • FHWA Reorganization
    • Consolidate Disparate Functions
    • Partnership with AASHTO
    FHWA Office of Asset Management FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • 12. 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
  • 13. Transportation Asset Management Workshops How Do We Get There? AASHTO/FHWA Partnership FEDERAL HIGHWAY ADMINISTRATION Asset Management
  • 14. 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
  • 15. 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

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