Overview
TRB E-Circular 200: Transportation Asset Management from Plans to Practice: A Workshop for State Practitioners summarizes the presentations from a May 31, 2015 workshop held in conjunction with the 5th International Transportation Systems Performance Measurement and Data Conference, June 1–2, 2015, in Denver, Colorado. This circular summarizes ideas, experiences, and practices involving transportation asset management plans, risk management, and organizational alignment.
Transportation asset management (TAM) refers to a strategic and systematic process of operating, maintaining, and improving physical assets, with a focus on both engineering and economic analyses based on quality information. The goal of TAM is to identify a structured sequence of maintenance, preservation, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair—at minimum practicable cost over the life of the assets.