Asset management

Cover of A Generic Framework for the Management of Road Related Assets
A Generic Framework for the Management of Road Related Assets
  • Publication no: AP-R447-13
  • ISBN: 978-1-925037-35-7
  • Published: 3 December 2013

This report provides a generic framework for the management of road-related assets. In recent times, road agencies have made a shift from being road builders to road managers. This change has ensured that road agencies need to accept responsibility for, and embrace the management of, all road-related assets (RRAs), not only pavements and structures.

The framework is applicable to any RRA. It consists of three blocks of inputs into the core strategy. The input blocks are organisation strategic plans, organisation and business processes, and performance monitoring, review and feedback. The core strategy consists of four stages: asset management (AM) policy development, AM strategy development, AM plans development, and the delivery of AM plans or actions. Continuous improvement is maintained through a Plan-Do-Check-Act loop. The framework also correlates well with the process of reliability-centred maintenance that has a focus on assessing criticality and in deciding on how to ‘do the most good’.

This report lists the various RRA groups and asset types in each group. The RRA types were assessed and rated based on risk. RRAs with high risk ratings were identified for future research to develop specific asset management strategies using the generic framework.

  • 1. Introduction
  • 2. Generic Framework for the Management of Non-Pavement Road-Related Assets
    • 2.1. Organisational Strategic Plans
      • 2.1.1. Government Transport Policy
      • 2.1.2. Legal, Funding and Other Considerations
      • 2.1.3. Stakeholder and Community Expectations
    • 2.2. Organisation and Business Processes
      • 2.2.1. Roles, Responsibilities and Authorities
      • 2.2.2. Communication and Knowledge Sharing
      • 2.2.3. Training, Awareness and Competencies
      • 2.2.4. Documentation Process and Procedure
      • 2.2.5. Innovation and Research and Development
      • 2.2.6. Management of Change
      • 2.2.7. Business Plans
    • 2.3. Asset Management Policy
    • 2.4. Asset Management Strategy
      • 2.4.1. Asset Management Objectives
      • 2.4.2. Level-of-service and Performance Targets
      • 2.4.3. Demand Analysis and Needs Identification Process
      • 2.4.4. Asset Inventory and Asset Hierarchy
      • 2.4.5. Asset Condition
      • 2.4.6. Failure Modes
      • 2.4.7. Asset Management Systems
      • 2.4.8. Risk Management Framework and Contingency Planning
      • 2.4.9. Whole-of-life Cost
      • 2.4.10. Prioritisation and Optimisation Methods
      • 2.4.11. Budget and Programming Processes
    • 2.5. Asset Management Plans
    • 2.6. Delivery of Asset Management Plans
    • 2.7. Performance Monitoring, Review and Feedback
      • 2.7.1. Performance and Condition Monitoring
      • 2.7.2. Audits and Evaluation
      • 2.7.3. Investigation of Non-conformance and Failure Modes
      • 2.7.4. Evaluation of Non-compliance
      • 2.7.5. Records
    • 2.8. Guidance on the Use of the Generic Framework
  • 3. Conclusions and Recommendations
  • References
  • Appendix A Risk Assessment of RRA Groups
  • Appendix B Review of Relevant Guidelines and Gap Analysis
  • B.1 Relevant Asset Management Guidelines and Standards
  • B.2 Benchmarking of Current Austroads Guidance Against PAS 55
  • Appendix C Example of Asset Inventory Information