Summary of Transportation Asset Management

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Transportation asset management is a strategic and systematic approach to managing transportation assets, considering risk and investment needs over the entire life of an asset. This approach can help agencies predict future demands and set up a life cycle management plan and risk management plan. FHWA offers a variety of resources to help states develop effective asset management plans.

• 00:00:00 Transportation agencies in the United States and around the world are finding that asset management programs address this solution. Asset management is a strategic and systematic approach to managing transportation assets, considering risk and investment needs over the entire life of an asset. Asset management helps ensure that available funding addresses your highest priorities, in Australia and internationally. Making informed decisions that maximize the value of budget dollars will help address the first step of our solution: taking care of what you already own. Most states are already taking action to keep their assets in good repair using information about asset performance to stretch available tax dollars. Implementing transportation asset management plans can help agencies predict future demands and set up a life cycle management plan and risk management plan. Asset management also provides insight in developing financial plans and investment strategies.
• 00:05:00 The goal of transportation asset management is to help agencies better understand and manage their resources, ensuring their long-term financial sustainability. FHWA offers a variety of resources to help states develop effective asset management plans. These include webinars, training, and the transportation asset management guide.