Asset Management Inventory And Data Collection

An efficient and accurate inventory of a state highway agency's assets, along with the means to assess the condition of those assets and model their performance, is critical to enabling an agency to make informed investment decisions in a Transportation Asset Management (TAM) environment. Today, new technologies provide fast and improved ways to gather, process, and analyze data. The key is to identify and gather the most useful, reliable, cost-effect information and use it to make informed decisions for asset management. Four key infrastructure areas have been identified as primary asset components; pavements, bridges, geotechnical features, and roadside appurtenances. Each area contains multiple categories and data elements important for sound decision making. Although some similarities exist in these four primary categories, the nature of data collection may differ, depending on the asset type. The, sheer number of data elements and the length of asset networks for pavements and roadside appurtenances render the automated highway speed data collection method a necessity rather than a luxury. However, the discrete nature of bridges and geotechnical features make the automated mobile data collection method on a network level unfeasible with today's technology. Important issues in the collection process include precision, subjectivity and variability of the process itself, as well as speed, safety of the survey crew, proximity of the public, cost, etc. Although previous research has attempted to address these issues and determine the most appropriate method(s), the question remains as to which roadway data collection system is best for state highway agencies given real world constraints. This research set up a "sealed envelope" experiment wherein the identification, location, description, and quality of the asset data elements are known only to NCSU researchers. Vendors are informed of only the data necessary to perform their evaluation. To support this effort at 95-mile test course near Raleigh, North Carolina was identified, which contained a sampling of pavement, roadside, geotechnical and bridge elements. This document reports on the findings from the study

Aims to encourage transportation agencies to address strategic questions as they confront the task of managing the surface transportation system. Drawn form both national and international knowledge and experience, it provides guidance to State Department of Transportation (DOT) decision makers, as well as county and municipal transportation agencies, to assist them in realizing the most from financial resources now and into the future, preserving highway assets, and providing the service expected by customers. Divided into two parts, Part one focuses on leadership and goal and objective setintg, while Part two is more technically oriented. Appendices include work sheets and case studies.

This textbook provides practical and concrete guidance for the step-by-step implementation of decision-making for infrastructure asset management. Examples are used to illustrate how data from condition assessment are used to develop performance models, to estimate the effectiveness of investments that are prioritized and scheduled to accomplish reliable and convenient infrastructure for the wellbeing of the public and regional economic competitiveness. Book illustrates numerous worked problems to clarify ambiguity in developing a decision-making platform to prioritize assets and distribute budgets effectively and efficiently. Ensures reader understanding of the benefits and challenges of infrastructure asset management; Provides a step-by-step guide for the development of each component of an asset management decision-making system; Includes worked examples to clarify decision-making and budget allocation process.

Explores a framework for applying asset-management principles and practices to managing Interstate Highway System investments.

"TRB's Transit Cooperative Research Program (TCRP) Report 157: State of Good Repair: Prioritizing the Rehabilitation and Replacement of Existing Capital Assets and Evaluating the Implications for Transit presents a framework that builds upon a set of fundamental concepts and provides a basic set of steps for transit agencies to follow when evaluating and prioritizing capital asset rehabilitation and replacement investments. In addition to the printed report, an analytical approach and set of spreadsheet tools were developed to support the framework. These tools address how to evaluate rehabilitation and replacement actions for specific types of transit assets, and how to prioritize candidate rehabilitation and replacement actions."--Publisher's description.

Public entities around the world possess an enormous volume of assets and wealth, which includes land, buildings, historic sites, parks, and infrastructure networks, among many others. Good management of such assets is a catalyst for accelerating development and expanding services; poor asset management generates enormous losses, including lost opportunities to build wealth. Private enterprises increasingly use computerized systems to manage assets such as fleets and buildings. Many city leaders in developing countries, however, are unaware of asset management or feel they lack the time or money to undertake it. Managing County Assets and Liabilities in Kenya: Postdevolution Challenges and Responses can help them begin or maintain their efforts to manage assets sustainably. This book helps readers understand the basic concept of asset management; explains systems, tools, and procedures; and provides models and guidance. Kenya has achieved much since its 2013 devolution of governance and management to new counties. However, counties, which are the local governments in Kenya, are still working toward establishing systems and procedures, creating asset and liability registers, verifying and valuing assets, using assets strategically, and resolving disputes surrounding inherited assets and liabilities. This book provides glimpses into the Kenyan devolution process and asset transfer challenges, draws lessons, and explores options relevant to both Kenya and other nations. Ample studies discuss various aspects of municipal asset management, such as managing infrastructure, fixed assets, water services, building properties, roads, or fleets. This book is unique among asset management studies in three ways: it discusses all sorts of assets and liabilities and their interlinkages, exemplifies the close connection between financial results and asset management of municipalities, and reveals the political economy challenges in transferring assets and liabilities across public entities.