Asset management

Cover of Integrated Asset management Guidelines for Road Networks
Integrated Asset management Guidelines for Road Networks
  • Publication no: AP-R202-02
  • ISBN: 0 85588 619 6
  • Published: 1 January 2002

This document contains guidelines for integrating road network asset management into a road agency's overall business planning cycle. The guidelines are intended to assist large and small road agencies develop and implement stakeholder driven strategies to provide direction and support for the overall asset management task.The guidelines describe a generic process for managing a road network investment program, covering planning, implementation, audit and review. Emphasis is given to the integration of strategic planning at the road network level, based on the requirements of the road agency and other stakeholders. The integrated asset management process is described as comprising seven distinct but inter-related phases. The guidelines recognise that agencies may have their own detailed processes and analytical tools, and so asset management processes are not described in detail. The concepts of level of service and target performance standards are explained in the context of road network asset management. A glossary of the specific terms used is included

  • 1. WHAT IS INTEGRATED ASSET MANAGEMENT?
  • 2. BENEFITS OF ADOPTING IAM
  • 3. LIFE CYCLE APPROACH TO ASSET MANAGEMENT
  • 4. THE INTEGRATED ASSET MANAGEMENT PROCESS
    • 4.1. Phase 1 — Defining the road agency’s objectives
      • 4.1.1. Phase 1, Part 1 — Road Agency and Stakeholders Requirements
      • 4.1.2. Phase 1, Part 2 — Key Result Areas and Key Performance Indicators
      • 4.1.3. Phase 1, Part 3 — Public Report and Information Dissemination
    • 4.2. Phase 2 — Formation of agency and asset strategies
      • 4.2.1. Phase 2, Part 1 — Road Use Strategy
      • 4.2.2. Phase 2, Part 2 — Infrastructure Strategy
      • 4.2.3. Phase 2, Part 3 — Asset Plans
    • 4.3. Phase 3 — Identification of asset requirements
      • 4.3.1. Phase 3, Part 1 — Level of Service Framework
      • 4.3.2. Phase 3, Part 2 — Road Asset Hierarchy
      • 4.3.3. Phase 3, Part 3 — Target Road Asset Performance Standards
      • 4.3.4. Phase 3, Part 4 — Asset Performance Gap Analysis
      • 4.3.5. Phase 3, Part 5 — Community Consultation
    • 4.4. Phase 4 — Formulation of asset management works program
      • 4.4.1. Phase 4, Part 1 — Total Needs Program
      • 4.4.2. Phase 4, Part 2 — Optimisation and/or Prioritisation
      • 4.4.3. Phase 4, Part 3 — Funding Scenarios
      • 4.4.4. Phase 4, Part 4 — Works Program
    • 4.5. Phase 5 — Implementation of asset management actions
      • 4.5.1. Phase 5, Part 1 — Information and Communication Process
    • 4.6. Phase 6 — Audit
      • 4.6.1. Phase 6, Part 1 — Audit of Work Carried out
    • 4.7. Phase 7 — Reviews following implementation of the works program
      • 4.7.1. Phase 7, Part 1 — Review Asset Performance
      • 4.7.2. Phase 7, Part 2 — Review Infrastructure Strategy
      • 4.7.3. Phase 7, Part 3 — Review Agency and Stakeholder Requirements
  • 5. LINKAGE BETWEEN INTEGRATED ASSET MANAGEMENT AND ANNUAL PLANNING CYCLE
  • 6. REFERENCES
  • APPENDIX A EXAMPLE OF OVERALL PRIORITISATION / OPTIMISATION METHODOLOGY
  • APPENDIX B AUDIT PLAN
  • APPENDIX C INTEGRATED ASSET MANAGEMENT IMPLEMENTATION