Transportation Asset Management
July 12, 2019
Transportation Asset Management
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Presented by: Dr. Dominique Pittenger
Abstract: Transportation agencies meet MAP-21/FAST Act requirements by integrating various transportation asset management (TAM) practices into investment strategies to the benefit of agency. The legislation requires States to develop and implement risk-based TAM plans for the National Highway System (NHS) to improve or preserve the condition of the assets and the performance of the system. TAM facilitates decision analysis and justification that can offer insight as to relative differences between investment alternatives in the areas of uncertainty, objectives and trade-offs to assist agencies in making strategic long-term investment decisions under short-term budget constraints. This one-day short course will focus on TAM elements and application of its principles in engineering practice related to FHWA TAM concepts and methodologies for a “strategic and systematic process of operating, maintaining, and improving physical assets” (e.g., pavement and bridge condition performance management requirements), “with a focus on engineering and economic analysis based upon quality information (e.g., data), to identify a structured sequence of maintenance, preservation, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair (SOGR) over the lifecycle of the assets at minimum practicable cost”. The emphasis of this course is on the engineering and economic analysis concepts and processes used to support routine system investment, performance and management activities.
