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Opportunities in Asset Management -A Role for YOU? -

Opportunities in Asset Management -A Role for YOU? -. TRB ANNUAL MEETING - Session 482 WASHINGTON, DC January 14, 2003 David S. Ekern, Associate Director – AASHTO Assistant Commissioner – Mn/DOT. PRESENTATION TOPICS. Why Is It Important? What Is It? Should You Be Interested?

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Opportunities in Asset Management -A Role for YOU? -

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  1. Opportunities in Asset Management-A Role for YOU? - TRB ANNUAL MEETING - Session 482 WASHINGTON, DC January 14, 2003 David S. Ekern, Associate Director – AASHTO Assistant Commissioner – Mn/DOT

  2. PRESENTATION TOPICS • Why Is It Important? • What Is It? • Should You Be Interested? • Will It Last?

  3. Why is Transportation Asset Management Important Now? • $1 Trillion Investment in Highways • Shift from Construction to • Preservation • Aging Infrastructure • Increasing Traffic & Growth • in Movement of Goods • Reinventing Government • Performance Management • & Accountability • Information Age

  4. Why is Asset Management Important? • Enables an agency to support and justify legislative budget requests. • Maximizes the benefits from available funding. • Shows the trade-offs of alternative investment strategies. • Supports decision making and enhances productivity. • Facilitates decision making using readily available quantitative and qualitative information. • Enables appropriate resource allocation and asset optimization.

  5. What Is Transportation Asset Management? A strategic approach to managing transportation infrastructure Specifically Getting the Best Results/Performance for the Preservation, Improvement, and Operation of Infrastructure Assets Given the Resources Available

  6. What Is Transportation Asset Management? • A philosophy • Policy based • Performance Driven • Comprehensive • Long term • A process • Investment choices, tradeoffs, decisions • Organizational roles and responsibilities • Improved horizontal and vertical communication • A set of technical tools • Data Acquisition and Management Systems • Integrated Analysis/Performance Prediction • GIS

  7. Asset Management Framework Policy Goals and Objectives System Performance Economic Social/Environment Integrated Analysis of Options and Tradeoffs Asset Classes Highways Bridge Transit Rail Port Objectives System Preservation New Capacity Operating Efficiency Safety Types of Investments Capital Operating Maintenance Quality Information Resource Allocation Decisions, Investment Choices Financial Human Information Implementation - Program Delivery Agency, Inter-governmental Public/Private Partnership Outsource - Privatize Systems Monitoring and Performance Results

  8. AASHTO Asset Management Task Force TRB Task Force on Asset Management (A1T50) American Public Works Association (APWA) FWHA Office of Asset Management University Transportation Centers Midwest (Univ Wisc, Madison) CTRE (Iowa State) UIC (Chicago) TRB Committees Statewide Data Committee (A1D09), Urban Transportation Data (A1D08) Information Systems and Technology (A5003) Spatial Data and Information Science (A5015) The Current Players

  9. Significant Activities • 6 National Workshops since 1996. • Numerous Organizations investigating Asset Management (CERF, APWA, ASCE). • FHWA - Office of Asset Management. • AASHTO AM Task Force 1998. • TRB AM Task Force in 2000. • Numerous TRB Committees Engaging. • NCHRP - 1St Generation Guide - 1999. • NCHRP - Analysis Tools - 2001. • NCHRP – Performance Measures – 2002. • Pilot FHWA Training – 2002 • 2002 Summit • Joint FHWA/AASHTO/TRB Website established. • http://assetmanagement.transportation.org • 5th National Conference in 2003

  10. The Strategic Plan Goal 1: “Develop Partnerships” 4 strategies Goal 2: “Develop An Understanding” 7 strategies Goal 3: “Promote Tools and Research” 8 strategies Goal 4: “Inform Member States on Use” 2 strategies Goal 5: “Assist Member States” 4 strategies

  11. Why Should You Be Interested?Institutional • Integrating decision-making and resource allocation across all asset classes • Combining financial, management, engineering, and operational perspectives • Defining system performance measures that reflect customer perspective and user costs • Senior management support and leadership • Developing new public and private sector roles

  12. Should You Be Interested? • Integrating legacy systems for different asset classes • Developing comprehensive, GIS-compatible, enterprise-wide databases • Creating next generation management systems that support wide range of “what-if” analyses reflecting different budget and performance assumptions • Improving life-cycle analysis methods • Strengthening transportation system monitoring capabilities

  13. So, who is using it?And How Does it Work? • The Michigan Approach • The Asset Management Guide

  14. CAN IT HELP YOU? • Systematic approach to defining needs and options • Improved use of available resources • Improved credibility and accountability for decisions • Improved performance and service to customers • Flexibility to make decisions based on performance • Improved communication and collaboration within your agency

  15. THANK YOUQUESTIONShttp://assetmanagement.transportation.org

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