United States Department of Transportation
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Organizational Approach to Implementing Asset Management and Managing Risk: Minnesota Department of Transportation (MnDOT) Case Study
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2023-04-25
[PDF-882.64 KB]
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Alternative Title:Consideration of Risk in Managing Ancillary Assets— Minnesota Department of Transportation (MnDOT) Case Study [Title from Cover]
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Abstract:Ancillary assets were a focus during the development of the Asset Management Strategic Implementation Plan (AMSIP) to help ensure that the same performance-based management approach used for pavements and bridges was applied to the other assets Minnesota Department of Transportation (MnDOT) manages. Early on, the Asset Management Program Office (AMPO) recognized that if maintenance and operational expenses could be better considered in asset management trade-off decisions, long-term costs for managing these assets could be reduced. However, the implementation of a performance-based approach for ancillary assets depended heavily on staff in one of the eight regional district areas responsible for the day-to-day operations in the field. Therefore, it was also important to involve district staff in the AMSIP’s development and to use these efforts to clarify their asset management roles and responsibilities. The specific AMSIP development objectives included balancing the resources required to obtain and manage asset data with the associated risks and return on investment, improving the ability to evaluate trade-offs between investment options, and integrating asset management into MnDOT’s culture. MnDOT also recognized there were risks if these issues were not addressed. The efforts undertaken to address the stated objectives and the resulting impact on the risks associated with inaction are discussed further in the remainder of the case study.
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