Asset Management Plans & Processes Fact Sheet

Details

• Corporate Creators:
  Federal Highway Administration (U.S.)
• Subject/TRT Terms:
  Asset Management Project Management Serviceability Of Specific Facilities Or Equipment State Departments Of Transportation
• Publication/ Report Number:
  FHWA-HIF-17-06
• Resource Type:
  Brief
• Geographical Coverage:
  United States
• Corporate Publisher:
  Federal Highway Administration (U.S.)
• Abstract:
  The Federal Highway Administration (FHWA) on October 24, 2016, published its final rule on required state-approved asset management plans and processes. Asset management is a strategic and systematic process of operating, maintaining, and improving physical assets, with a focus on engineering and economic analysis based upon quality information, to identify a structured sequence of maintenance, preservation, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair over the lifecycle of the assets at minimum practicable cost. In simple terms, asset management is a strategic process for managing physical assets in a state of good repair over their lifecycle at minimum practicable cost.
• Format:
  PDF
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:7c6cdaa063a96cd9f25cfaa6ad6d5083a39efb428a98c54854bc6ede1d6d64b78d9f894eb0e032fa5c7b5ec0316aad097f373ca9676869952cf37e4e14a1e203
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/53724/dot_53724_DS1.pdf
• File Type:
  [PDF - 127.43 KB ]