United States Department of Transportation
i
Assessing and interpreting the benefits derived from implementing and using asset management systems.
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2011-06-23
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[PDF-1.35 MB]
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Edition:Final report; Feb. 5, 2008-June 30, 2009.
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Abstract:Interest in asset management has grown over the last two decades but agencies continue to be
concerned about the cost to develop and implement asset management processes. While originally
introduced as a tool for policy analysis, HERS-ST is free software that delivers several asset
management functions. This report uses a generic methodology to document a strategy to assess the
benefits to be gained using tools such as HERS-ST. The impact of decisions made using HERS-ST
(referred to as “with HERS-ST”) are compared with decisions made using a naïve worst first
strategy (referred to as “without HERS-ST”) using common performance measures, net present
value and benefit cost ratios. The methodology is applied to three different data sets. The data from
New Mexico are used to explore strategies for communicating the results using charts, graphs and
tables. Data from Kentucky and Delaware are used to develop more in-depth case studies. All three
data sets demonstrate that significant benefits can be realized using HERS-ST. A Step-by-Step
Guide for implementing the methodology and a training module are also developed.
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