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The Value of Infrastructure Asset Management

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Christopher W. Toms, P.E., Senior Client Representative at C.S. Davidson, Inc., discusses the benefits of transportation related asset management and the value that optimized asset management creates to identify, maintain and improve municipal infrastructure in the most economical manner.

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The Value of Infrastructure Asset Management

  1. 1. The Value ofInfrastructure AssetManagementChristopher W. Toms, P.E.Senior Client Manager
  2. 2. What is Infrastructure AssetManagement?• Definition*:Ongoing process of maintaining, upgrading, andoperating physical assets cost-effectively, based ona continuous physical inventory and conditionassessment* from Michigan publication
  3. 3. What is Infrastructure AssetManagement?• Definition:Ongoing process of maintaining, upgrading, andoperating physical assets cost-effectively, based on acontinuous physical inventory and condition assessment• Example assets• Roads• Bridges• Culverts/Storm Sewers• Curbs/Sidewalks• Stormwater Management Basins• Signs
  4. 4. What is Infrastructure AssetManagement?• Definition:Ongoing process of maintaining, upgrading, andoperating physical assets cost-effectively, based on acontinuous physical inventory and condition assessment• A gap typically exists in a community because:• Operations and maintenance costs increase at a ratefaster than inflation because assets are getting older• Rates provide funds that are sufficient to sustaincurrent operation and maintenance, but insufficient topay for upgrades or capital replacements
  5. 5. What is Infrastructure AssetManagement?• Township has:• 15 roads• 24’ wide• 1 mile long• It costs:• $15.00/square yard to refurbish roadway• Each road has:• 15 year design life• New road adopted each year for the last 15years
  6. 6. What is Infrastructure AssetManagement?• Township needs to budget $211,200 peryear, per mile• Compare that to current Liquid Fuels andTurnback allocation per mile
  7. 7. What is Infrastructure AssetManagement?• Definition:Ongoing process of maintaining, upgrading, andoperating physical assets cost-effectively, based ona continuous physical inventory and conditionassessment
  8. 8. How did you get to this point?• Existing assets• Acquisition of assets through development• Tight budgets• Political pressure to cut spending
  9. 9. Why develop asset managementplans?• Township elected officials and staff are at thefront lines of fixing the Commonwealth’scrumbling infrastructure• ASCE’s Failure to Act report:• “deteriorating infrastructure, long known to be apublic safety issue, has a cascading impact on thenation’s economy, negatively affecting businessproductivity, gross domesticproduct, employment, personal income, andinternational competitiveness.”
  10. 10. Why develop asset managementplans?• The timing of, and allocation from, grantprograms may not be sufficient to address futureneeds• Therefore, it is necessary to find ways to savemoney while still maintaining infrastructureassets at a desired level of service (quality andsafety)
  11. 11. Why develop asset managementplans?* from Federal Highway Administration
  12. 12. Why develop asset managementplans?
  13. 13. How to Create an AssetManagement Plan• Buy-in: working plan vs. paper weight• Definition:Ongoing process of maintaining, upgrading, andoperating physical assets cost-effectively, basedon a continuous physical inventory andcondition assessment
  14. 14. How to Create an AssetManagement Plan• Steps• Inventory• Assess condition (rating)• Determine needs (cost estimates) “unrestricted” plan• Assess finances• Develop multi-year “budgeted” plan
  15. 15. How to Create an AssetManagement Plan• Inventory• Existing maps• Existing lists/reports• As-builts• Drive to and measure• GIS
  16. 16. How to Create an AssetManagement Plan
  17. 17. How to Create an AssetManagement Plan
  18. 18. How to Create an AssetManagement Plan• Assess condition (rating)• Multiple methods are published and available• Subjective method– Cheap– Need to use same set of eyes– Limited data analysis over time
  19. 19. How to Create an AssetManagement Plan• Objective method• More time/expense• Multiple staff/consultants could come to same results• Data analysis over time could lead to a betterunderstand of deterioration rates
  20. 20. How to Create an AssetManagement Plan
  21. 21. How to Create an AssetManagement Plan
  22. 22. How to Create an AssetManagement Plan
  23. 23. How to Create an AssetManagement Plan
  24. 24. How to Create an AssetManagement Plan
  25. 25. How to Create an AssetManagement Plan• Determine needs (cost estimates) “unrestricted”plan• Use judgment to develop prescriptions to bring asset upto desired level of service• Prepare cost estimates for each prescription withappropriate contingencies
  26. 26. How to Create an AssetManagement Plan
  27. 27. How to Create an AssetManagement Plan
  28. 28. How to Create an AssetManagement Plan• Assess finances• Existing budgets• Funding opportunities
  29. 29. How to Create an AssetManagement Plan• Develop multi-year “budgeted” plan• Develop priority ranking metrics(traffic, age, drainage, hazards, resident input)• Coordination of conditionassessment, prescriptions and costestimates, priorities, and finances• Living document• Implement and track progress and costs• Change plan as necessary (a changed plan is better than no plan)• Explain deviations to those who will follow you• Repeat
  30. 30. How to Create an AssetManagement Plan
  31. 31. Benefits• Budget planning easier• Look at the plan• Spend or set aside• Coordination of utilities• Example: Street cut ordinances with sliding scaledegradation fee• Fee waived if utilities make repairs prior to road repair• Note: A five-year plan may have to updated at year 3 or4 so utilities can begin to plan for activities in years 6and 7
  32. 32. Benefits• Communication with residents• Demonstrate scope of work planned and how funds willbe allocated• Answer “When will my street be paved/bridge berepaired/stormwater basin be fixed?”• Show Progress• Commitment to stick to plan• Reassess to show improved condition ratings
  33. 33. Benefits57%35%2% 6%2010 CONDITION VS. AREA (SY)PoorFairGoodExcellent53%31%2%14%2012 CONDITION VS. AREA (SY)
  34. 34. QUESTIONS?Christopher W. Toms, P.E.Senior Client Manager(717) 846-4805cwt@csdavidson.com

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