Opportunities in Asset Management A Role for YOU

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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
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PRESENTATION TOPICS

• Why Is It Important?
• What Is It?
• Should You Be Interested?
• Will It Last?

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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

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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.

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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

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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

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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
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The Current Players

• TRB Committees
• Statewide Data Committee (A1D09),
• Urban Transportation Data (A1D08)
• Information Systems and Technology (A5003)
• Spatial Data and Information Science (A5015)

• 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)

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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

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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
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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

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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

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So, who is using it?And How Does it Work?

• The Michigan Approach
• The Asset Management Guide

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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

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THANK YOUQUESTIONShttp//assetmanagement.trans
portation.org