The Federal Highway Administration (FHWA) Office of Asset Management has formed the Transportation Asset Management Expert Task Group (TAM ETG) as a forum to discuss changes in the way highway agencies are managing assets. The structure and membership of the TAM ETG were intentionally designed to ensure interaction with key AASHTO and Transportation Research Board committees. The Transportation Asset Management ETG will:
FHWA with the AASHTO Subcommittee on Asset Management FHWA will conduct webinars on Asset Management topics beginning the summer of 2012. The Subcommittee recommended that the following topics be addressed in future webinars:
The Federal Highway Administration intends to bring awareness to the concept of financial planning and financial sustainability, within the context of asset management by developing a series of short reports focusing on transportation asset management financial planning. These reports introduce financial planning gradually and expose transportation agencies to the concepts of long-term financial plans and asset valuation and discuss their potential utility in transportation asset management practices.
Expected completion date: Spring of 2016
This new NHI course is tentatively entitled Financial Planning for Transportation Asset Management. The purpose of this course is to advance the skills and knowledge of state and local transportation agencies who are to develop financial plans to improve long-term decision-making, increase transparency and promote stewardship of transportation assets as well as compliance with the provisions of MAP-21. Financial plans can serve many functions including illustrating long-term investment needs, assisting with making difficult investment tradeoffs, educating policy makers of the consequences of various investment strategies, and increasing the transparency regarding how agencies invest scarce resources.
Expected completion date: Winter of 2015
The AASHTO Asset Management Guide includes guidelines on how an agency may undertake a self-assessment of its capabilities to conduct and implement asset management in their organization.
This project is to assist State DOTs in conducting and reviewing the results of the self-assessment. The self-assessment should consider, at a minimum, the adequacy of organizational strategic goals and policies with respect to asset management, whether asset management is taken into account in the agencyâ€™s planning and programming of resources including development of the State Transportation Improvement Program; as well as, whether the agencyâ€™s is implementing adequate data collection and analysis policies, undertaking whole life life-cycle cost analysis, undertaking programmatic risk assessments to support an effective asset management program.
Expected completion date: Winter of 2016
The FHWA has recently developed the Pavement Health Track (PHT) Analysis Tool that can help determine the health of a road network in terms of Remaining Service Life. The tool can determine the health of different pavement types under various conditions, such as rural or urban environments or various climates, and a range of applications, including individual projects, highway networks, and corridors within a State or crossing State lines. The tool requires pavement data inputs from the HPMS 2010 or a State can input data from its pavement management system. The PHT analysis tool has already been tested by a few States. These tests resulted in several recommendations for further enchantment of the tool. As a result, the FHWA is undertaking this effort to enhance the PHT.
To obtain a copy of the tool (first version) and view relevant documentations please visit the following:
under review for enhancements.