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TransportationAsset Management
Presented by:Madeleine Bloom, DirectorOffice of Asset Management, FHWA
FEDERAL HIGHWAY ADMINISTRATION
An Introductory Briefing
Agenda Introduction What is Asset Management? Why Asset Management? How do we get there? Conclusion
FEDERAL HIGHWAY ADMINISTRATION
What is Asset Management ?
• No “definitive” definition
• Bottom-line: Cost-effective resource allocation and programming decisions
Working Definition
FEDERAL HIGHWAY ADMINISTRATION
What is Asset Management ?
• Partnership
• Consensus
• Information based
• Strategic Resource Allocation
• Performance Measurement
• Feedback
What it means….
FEDERAL HIGHWAY ADMINISTRATION
What is Asset Management ?Key Elements
Engineering Economics
BusinessPractices
FEDERAL HIGHWAY ADMINISTRATION
Broad Range of Assets
Highway Transit Air
PavementsBridgesHardwareTunnelsSignalsRest Areas
Dollars
People
Data
TracksRolling StockStations
RunwaysTerminalsHangers
What is Asset Management?
FEDERAL HIGHWAY ADMINISTRATION
Why Asset Management
• System Demands
• Personnel Constraints• Increased Budget
Demands
Driving Trends
Transportation Environment
FEDERAL HIGHWAY ADMINISTRATION
Why Asset Management
• What is Bought with Public Funds
• How Spending Decisions are made
• What is Accomplished
Driving Trends
Accountability
FEDERAL HIGHWAY ADMINISTRATION
• New Financial Reporting Requirement for States
• Requires Recording of Long-Lived Infrastructure
• Depreciation or Preservation (Asset Management) Approach
Why Asset ManagementDriving Trends
GASB Statement No. 34
FEDERAL HIGHWAY ADMINISTRATION
Why Asset Management
• Increasingly powerful computers
• Sophisticated analytical tools and techniques
• Advances in information technology
Driving TrendsTechnological Advances
FEDERAL HIGHWAY ADMINISTRATION
How Do We Get There?
• FHWA Reorganization
• Consolidate Disparate Functions
• Partnership with AASHTO
FHWA Office of Asset Management
FEDERAL HIGHWAY ADMINISTRATION
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
Transportation Asset Management Workshops
How Do We Get There?AASHTO/FHWA Partnership
FEDERAL HIGHWAY ADMINISTRATION
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
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
