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Asset Management

IV. Checklist

A figure carries a clipboard and pen and is looking back over his shoulder.

The asset management list should be updated annually. Use the checklist below for reviewing and/or renewing your asset management plan and activities.


ASSET MANAGEMENT CHECKLIST

 

Date Done

Step 1: Create an Inventory of What You Have

Decide what assets to inventory

 

Decide what information you want to collect on your assets

 

Gather information to create your asset inventory

 

Step 2: Define Asset Management Scope

Determine what decisions you want to influence with better asset management

 

Decide what assets are the most important to your tribal government.

 

Produce a list of what you want accomplished with your asset management program

 

Step 3: Prepare Your Organization for Asset Management

Develop a list of asset management roles and responsibilities

 

Determine the individuals, teams, and organizational units that need to be involved in implementing the asset management scope

 

Think through the change management needed to implement the asset management scope and achieve the best results.

 

Identify an asset management champion

 

Step 4: Develop the Transportation Asset Management Plan (TAMP)

Document what you are trying to achieve with your asset management program

 

Determine the performance measures that you are going to use to make decisions about what you will do with the assets and if you have been successful with the decisions

 

ASSET MANAGEMENT CHECKLIST - Continued

 

Date Done

Document the baseline information you have about your assets so that you can measure the improvements you make in the future

 

Decide on the actions you will take to make improvements

 

Describe management strategies for maintaining tribal assets in the desired condition

 

Describe the funds you have and are seeking for managing your assets

 

Step 5: Use Tools and Techniques to Implement Asset Management

Inventory what tools exist within your tribal government for asset management

 

Determine what areas in your TAMP need support to implement asset management

 

Decide how you are going to manage and use the data you will be collecting on your assets– do you need an asset management system?

 

Evaluate the tools and techniques that are available from FHWA for asset management

 

Apply the tools and techniques to get the results you are seeking

 

You have successfully completed the Asset Management training module!

Updated: 12/19/2013
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