Risk Informed Transit Asset Management: Best Practice and Approaches

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Detail

Title: Risk Informed Transit Asset Management: Best Practice and Approaches
Resource type:
Year published: 2016
Publisher: TRB
URL: http://onlinepubs.trb.org/onlinepubs/conferences/2016/AssetMgt/43.JohnHolak.pdf
Abstract:

This presentation outlines the best practices for risk management. It begins by defining asset management and the advantages of an asset management plan. It then transitions into risk assessment and weighing uncertainty. It concludes with risk assessment best practices such as a risk informed asset management process, continual risk assessment revision, and a risk informed management plan.

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