Economics in Asset Management
The Hillsborough County, Florida, Experience
Moving Ahead
Commitment to the Full Potential of Asset Management
Over the next several years, Hillsborough County will continue its effort
to apply Asset Management methods to its transportation and stormwater
infrastructure programs. The ultimate
goal will be to use HAMS to
plan a continuously updated, multidecade
preventive maintenance and
prioritized replacement program
based on engineering, economic, and
safety criteria. This goal has already
been attained, in significant part,
with the greatly improved budgeting
and maintenance procedures enabled by the system's current capabilities.
Ultimately, the goal is to use HAMS to plan a continuously updated, multidecade preventive maintenance and prioritized replacement program based on engineering, economic, and safety criteria. |
The effort to reach the overall goal will take place at several levels:
- Integrate additional management systems into the HAMS framework.
As already noted, the IPMIS will be linked into HAMS. Other systems, such as the crash-reporting database, will be tied to HAMS through the
GIS base map link.
- Incorporate more economic analysis tools into the HAMS framework.
HAMS facilitates economic applications by providing current and accurate
data on infrastructure assets. These and other data are used with
economic analysis tools to decide on optimal preventive maintenance
for assets and to evaluate new investment options. In time, such tools
will be fully integrated into HAMS.
- Develop information management systems for other county departments
and link these systems into HAMS. Likely departments include
Water; Parks, Recreation, and Conservation; Planning and Growth
Management; and Housing and Community Code Enforcement. Thus,
the Water Department could easily access HAMS for information on
roadways that overlie water mains, and the Public Works Department
could coordinate its resurfacing plans with expected water main repairs.
