Skip to content U.S. Department of Transportation/Federal Highway AdministrationU.S. Department of Transportation/Federal Highway Administration
Office of Planning, Environment, & Realty (HEP)

Asset Management

III. Asset Management Toolbox

You now have a tool box of techniques and strategies that you have applied in this training session. These are summarized here.

A figure wearing a hard hat and tool belt holds a wrench in his hand.Asset Management Definition

Understanding what asset management is and how it can help you is a critical tool in building your asset management program. It allows you to communicate clearly and develop a common understanding of what you are collectively trying to achieve.

Creating an Asset Inventory

A foundational element of your asset management program is the asset inventory. Determining what assets and their characteristics you are going to collect and maintain will be a big step forward in having a good asset management program.

Asset Management Scope

Clearly defining what you are trying to do with your asset management program is key to your success. An asset management program can fail if there are too many program parts or features without a clear understanding of what is to be achieved.

Transportation Asset Management Plan (TAMP) Outline

Developing a good TAMP provides a helpful blueprint on what you need to do and how to do it. It will help you make clear to all who are involved what they are responsible for doing and how it comes together for better asset management.

Asset Management Systems

An asset management system helps you determine what is needed to improve your asset’s performance and helps you manage the improvement process.

Updated: 5/8/2015
HEP Home Planning Environment Real Estate
Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000