2. What is Infrastructure Asset
Management?
• Definition*:
Ongoing process of maintaining, upgrading, and
operating physical assets cost-effectively, based on
a continuous physical inventory and condition
assessment
* from Michigan publication
3. What is Infrastructure Asset
Management?
• Definition:
Ongoing process of maintaining, upgrading, and
operating physical assets cost-effectively, based on a
continuous physical inventory and condition assessment
• Example assets
• Roads
• Bridges
• Culverts/Storm Sewers
• Curbs/Sidewalks
• Stormwater Management Basins
• Signs
4. What is Infrastructure Asset
Management?
• Definition:
Ongoing process of maintaining, upgrading, and
operating physical assets cost-effectively, based on a
continuous physical inventory and condition assessment
• A gap typically exists in a community because:
• Operations and maintenance costs increase at a rate
faster than inflation because assets are getting older
• Rates provide funds that are sufficient to sustain
current operation and maintenance, but insufficient to
pay for upgrades or capital replacements
5. What is Infrastructure Asset
Management?
• 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 15
years
6. What is Infrastructure Asset
Management?
• Township needs to budget $211,200 per
year, per mile
• Compare that to current Liquid Fuels and
Turnback allocation per mile
7. What is Infrastructure Asset
Management?
• Definition:
Ongoing process of maintaining, upgrading, and
operating physical assets cost-effectively, based on
a continuous physical inventory and condition
assessment
8. How did you get to this point?
• Existing assets
• Acquisition of assets through development
• Tight budgets
• Political pressure to cut spending
9. Why develop asset management
plans?
• Township elected officials and staff are at the
front lines of fixing the Commonwealth’s
crumbling infrastructure
• ASCE’s Failure to Act report:
• “deteriorating infrastructure, long known to be a
public safety issue, has a cascading impact on the
nation’s economy, negatively affecting business
productivity, gross domestic
product, employment, personal income, and
international competitiveness.”
10. Why develop asset management
plans?
• The timing of, and allocation from, grant
programs may not be sufficient to address future
needs
• Therefore, it is necessary to find ways to save
money while still maintaining infrastructure
assets at a desired level of service (quality and
safety)
11. Why develop asset management
plans?
* from Federal Highway Administration
12. How to Create an Asset
Management Plan
• Buy-in: working plan vs. paper weight
• Definition:
Ongoing process of maintaining, upgrading, and
operating physical assets cost-effectively, based
on a continuous physical inventory and
condition assessment
13. How to Create an Asset
Management Plan
• Steps
• Inventory
• Assess condition (rating)
• Determine needs (cost estimates) “unrestricted” plan
• Assess finances
• Develop multi-year “budgeted” plan
14. How to Create an Asset
Management Plan
• Inventory
• Existing maps
• Existing lists/reports
• As-builts
• Drive to and measure
• GIS
18. How to Create an Asset
Management 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. How to Create an Asset
Management Plan
• Objective method
• More time/expense
• Multiple staff/consultants could come to same results
• Data analysis over time could lead to a better
understand of deterioration rates
25. How to Create an Asset
Management Plan
• Determine needs (cost estimates) “unrestricted”
plan
• Use judgment to develop prescriptions to bring asset up
to desired level of service
• Prepare cost estimates for each prescription with
appropriate contingencies
27. How to Create an Asset
Management Plan
• Assess finances
• Existing budgets
• Funding opportunities
28. How to Create an Asset
Management Plan
• Develop multi-year “budgeted” plan
• Develop priority ranking metrics
(traffic, age, drainage, hazards, resident input)
• Coordination of condition
assessment, prescriptions and cost
estimates, 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
31. Benefits
• Budget planning easier
• Look at the plan
• Spend or set aside
• Coordination of utilities
• Example: Street cut ordinances with sliding scale
degradation fee
• Fee waived if utilities make repairs prior to road repair
• Note: A five-year plan may have to updated at year 3 or
4 so utilities can begin to plan for activities in years 6
and 7
32. Benefits
• Communication with residents
• Demonstrate scope of work planned and how funds will
be allocated
• Answer “When will my street be paved/bridge be
repaired/stormwater basin be fixed?”
• Show Progress
• Commitment to stick to plan
• Reassess to show improved condition ratings