Chapter 17: Asset Management, in “Status of the Nation’s Highways, Bridges, and Transit: 2002 Conditions and Performance Report”


Subjects addressed:

Financial Management/Asset Valuation, Inventory and Condition Assessment, Life Cycle Costing/Economic Analysis, Performance Measurement and Management

Topics addressed:

Asset Management Plans

Asset types addressed:

Bridge, Pavement, Transit


Title: Chapter 17: Asset Management, in “Status of the Nation’s Highways, Bridges, and Transit: 2002 Conditions and Performance Report”
Resource type: Chapter
Year published: 2003
Publisher: U.S. Dept. of Transportation, Federal Highway Administration

This is the fifth in a series of combined documents prepared by the U.S. Department of Transportation to satisfy requirements for reports to Congress on the condition, performance, and future capital investment requirements of the Nation's highway and transit systems. This report incorporates highway and bridge information required by Section 502(g) of Title 23, United States Code (U.S.C.), as well as transit system information required by Section 308(e) of Title 49, U.S.C. Beginning in 1993, the Department combined two existing report series that covered highways and transit separately to form this report series. This report draws primarily on 2000 data. This document is intended to provide Congress and other decision makers with an objective appraisal of highway, bridge and transit physical conditions, operational performance, financing mechanisms and future investment requirements. This report offers a comprehensive, factual background to support the development and evaluation of legislative, program, and budget options at all levels of government. It also serves as a primary source of information for national and international news media, transportation associations, and industry. This report consolidates conditions, performance, and finance data provided by States, local governments, and mass transit operators, to provide a national level summary. Some of the underlying data are available through the Department's regular statistical publications. The future investment requirements analyses are developed specifically for this report and provide national level projections only. The report begins with an Executive Summary section that highlights the key findings in each chapter. This section is also distributed as a separate stand-alone summary document. The main body of the report is organized into five major sections: (I) Description of Current System (Chapters 1 through 6); (II) Investment/Performance Analyses (Chapters 7 through 10); (III) Federal Bridge Program/Status of the Nation's Bridges (Chapter 11); (IV) Special Topics (Chapters 12 through 22); and (V) Supplemental Analyses of System Components (Chapters 23 through 27). The report also contains three technical appendices that describe the investment/performance methodologies used in the report for highways, bridges, and transit.