Conditions and Performance
Chapter Listing
Conditions and
Performance Home Page
Introduction
Current Practice
Assessment of Current Practices
Improving the Process
Strategies for Implementation
Conclusion
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Conclusion
AASHTO and FHWA are convinced that Asset Management is a better way of doing business.
An Asset Management philosophy focuses on the benefits of investment as well as its costs, and takes
a comprehensive view of the entire portfolio of transportation resources. Objective, fact-based
tools and techniques are systematically applied to determine how best to deploy available resources
in order to achieve system-wide agency goals. Asset Management is an improved way of doing
business that responds to an environment of increasing system demands, aging infrastructure and
limited resources.
Asset Management also provides the ability to show how, when and why resources were
committed. Transportation officials are being held increasingly more accountable to their
customersthe American public. The public demands a high return on the portfolio of transportation assets which,
of course, represents a collection of public resources.
Making Asset Management a reality requires new information and analytical tools, new approaches
to organizational communication, and new management practices. AASHTO and FHWA are
both committed to continuing to work together as partners to identify knowledge gaps, develop and fund
a long-term research agenda, and assist the States in implementing new tools, techniques and
enhanced management approaches and business practices in Asset Management.
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