Best practices in selecting performance measures and standards for effective asset management.

Details

• Creators:
  Amekudzi, Adjo ; Meyer, Michael D.
• Corporate Creators:
  Georgia Tech Research Corporation ; Georgia Institute of Technology. School of Civil and Environmental Engineering
• Corporate Contributors:
  Georgia. Dept. of Transportation. Office of Materials & Research ; United States. Federal Highway Administration
• Subject/TRT Terms:
  • Asset management
  • Performance measurement
  • Best practices
  • Transportation
  • Performance measures, Performance management, Transportation asset management, Risk
• Publication/ Report Number:
  FHWA-GA-11-0903
• Resource Type:
  Tech Report
• Geographical Coverage:
  Georgia
• Corporate Publisher:
  Georgia. Dept. of Transportation
• Abstract:
  "This report assesses and provides guidance on best practices in performance measurement, management and standards ; setting for effective Transportation Asset Management (TAM). The study is conducted through a literature review, a ; survey of the 50 state DOTs, an internal assessment of Georgia Department of Transportation’s TAM capabilities and ; performance measurement and management procedures, and a review of risk applications in TAM with a case study ; demonstrating the impacts of uncertainty on project prioritization. The study isolates three generations of agencies as ; far as performance management is concerned. The study recommends conducting a review of GDOT’s performance ; measurement and management process and procedures using current standards; benchmarking against similar and more ; mature state agencies; developing metrics for evaluating progress toward strategic goals; linking performance metrics ; with resource allocation decisions; developing analytical and data capabilities for evaluating tradeoffs in resource ; allocation decision making; refining measures for use in broad agency functions; refining performance communication ; tools; addressing uncertainties in performance metrics and management in TAM, and upgrading existing performance ; procedures and capabilities to meet state audit requirements."
  More +
• Format:
  PDF
• Funding:
  SPR00-0008-00-467
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/23437/dot_23437_DS1.pdf
• File Type:
  [PDF - 3.82 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:f3cb122e9a2e8a9c69b130644f30135ab80155b2fa53b44aa15be901f24af87190ff533fe8bfeeb3b77e87d2c6d74a34a501bf52bc06c17e31bf752413ac3b25