Asset Management Overview – Current Practices in Transportation Asset Management

Detail

Title: Asset Management Overview – Current Practices in Transportation Asset Management
Resource type: Survey
Year published: 2012
Publisher: U.S. Dept. of Transportation, Federal Highway Administration
URL: https://www.fhwa.dot.gov/asset/if08008/amo_06.cfm
Abstract:

Describes some real-life examples from local governments, State DOTs, and international organizations of their experiences in developing and implementing Transportation Asset Management programs. There is no single method for implementing Transportation Asset Management. Transportation agencies differ in terms of their needs and resources and in the complexity of their systems. Typically, the first step toward implementation involves some realization that a need for change exists. However, change does not happen until people within the agency, particularly leaders at the top, find a reason for change. Actually taking the first step is typically difficult because it involves figuring out what needs to be done. There is no prescribed series of steps for implementing agencies to follow; rather, agencies who have been successful have found the approaches and practices that are most appropriate for their unique set of circumstances.