United States Department of Transportation
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Asset Management Advancing the State of the Art Into the 21st Century Through Public-Private Dialogue
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1997-01-01
[PDF-8.96 MB]
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Abstract:In September 1996, the Federal Highway Administration and the American Association of State Highway and Transportation Officials jointly sponsored an Executive Seminar on Asset Management in Washington, D.C. A total of65 participants from 23 States attended. These participants represented leaders in asset management whose businesses share many common asset management concerns with the highway community. Drawn from private industry, utilities, State departments of transportation, the Federal Highway Administration, quasi-government organizations, and the research and supplier communities, these representatives met for two half-days to share their experience and expertise to improve quality of asset management. Transportation agencies have been working for nearly two decades to develop and implement pavement and bridge management systems. At the same time, other government agencies and private-sector companies that provide, manage, maintain, rehabilitate, and operate physical infrastructure are facing some of the same issues as the highway community. These issues relate to maintaining operable and efficient facilities under increasing fiscal constraints. Asset management transcends public/private-sector distinctions because the basic goals, components, and methodologies are the same. Yet, although entities in the public and private sectors share similar objectives and concerns regarding the management of their infrastructure, they rarely interact and share experiences on these issues. This seminar was a first step toward encouraging and fostering the interaction needed for the different sectors to help each other advance the state of the art of asset management. This paper reflects the information shared at this seminar.
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