Risk-Based Asset Management
Status
Active
Description
The Western Federal Lands Highway Division (WFLHD) of the Federal Highway Administration (FHWA) is developing guidance for Accelerating Risk-Based Transportation Asset Management at Federal Lands Management Agencies (FLMAs). These Agencies responsible for transportation assets regularly face deferred maintenance backlogs and challenges in optimizing the use of limited resources to address these backlogs. FLMAs are particularly strained in this regard, as deferred maintenance backlogs and resource constraints (including financial resources, but also staffing, expertise, and data) are significant, and ever-present. FLMAs are primed to benefit from accelerating their adoption and practice of asset management principles. As FLMAs are unique organizations, however, the use of risk-based asset management must be cognizant of an agency’s existing level of asset management maturity. That is, FLMAs are diverse, and may be starting from a range of different levels of existing asset management, risk assessment, and risk-based asset management capabilities. Meaningful FLMA-focused asset management solutions and recommendations would reflect this diversity and offer varied roadmaps for obtaining value through asset management.
Deliverable
Final Report and Guidance: pending
For More Information
Digital Object Identifier (DOI)
Currently unavailable
ORCID for the principal investigator)
0000-0002-6768-6225