Data Integration
The Virginia Experience
Is It Worth It?
By 2006, VDOT expects a 15 percent return on its investments in the Asset Management System. |
According to its project charter, the
Asset Management System will
"enable VDOT to more efficiently
and effectively manage roadway
assets." Based on the results of a
cost-benefit analysis of the Asset
Management System, VDOT expects a 15 percent return on investment
by 2006. This rate of return is possible because the system will enable
VDOT to implement its management strategies:
- Maintain accurate and current inventory and condition data
- Develop statewide maintenance budget requests based on needs identified
during a formal condition assessment process
- Plan and prioritize maintenance and operations work based on an
understanding of available resources
- Improve the cost-effectiveness of maintenance and operations activities
- Determine the impact of deferred maintenance strategies on network
performance and resulting needs
- Maintain a record of work on an asset throughout its life cycle
- Automate aspects of the current maintenance management function
that are currently performed manually
In addition, implementation of the Asset Management System will help
bring VDOT into compliance with recommendations developed through an audit performed by Virginia's Joint Legislative Audit and Review
Commission and a study conducted by the Virginia Auditor of Public
Accounts.
