Guidance for Developing a Transit Asset Management Plan

Asset management is concerned with using quality data to support decisions that will maintain, rehabilitate, and replace existing assets in a cost-effective way and minimize asset lifecycle costs. By implementing best practices in transit asset management, a transit agency can make investment decisions that reduce the costs over time of maintaining its system, freeing up funds, where possible, to help improve service. This report provides a process for developing a transit asset management plan used by transit agencies seeking to achieve a state of good repair (SGR). The report is accompanied by a Transit Asset Prioritization Tool (TAPT), which is composed of four spreadsheet models designed to assist transit agencies in predicting the future conditions of their assets, and in prioritizing asset rehabilitation and replacement. TCRP Report 172 and the accompanying TAPT spreadsheet are intended for use by transit agencies of all sizes and with all types of assets. The complexity of the process of developing an asset management plan as described in the report is dependent upon the total number of assets and the number of types of assets in a transit agency’s inventory. TCRP Report 172 provides a set of tutorials illustrating the use of TAPT and describes additional resources that may be relevant for transit agencies implementing an asset management approach for helping achieve SGR. The TAPT tutorials illustrate use of the process and tool with two transit agencies; the first describes a smaller agency modeling its bus assets, and the second describes an agency using the tool to analyze needs for buses, light rail, track, and facilities. The final research report, which is a separate electronic deliverable on the TRB website, documents the research and supplements TCRP Report 172 and the TAPT spreadsheet. TCRP Report 172 together with the TAPT models will be of interest to regional, state, and federal agencies that oversee, plan, or finance public transportation.

• Record URL:
  • https://nap.nationalacademies.org/catalog/22306
• Availability:
  • Find a library where document is available. Order URL: http://www.trb.org/Main/Blurbs/171285.aspx
• Authors:
  • Robert, William
  • Reeder, Virginia
  • Lawrence, Katherine
  • Cohen, Harry
  • O'Neil, Katherine
• Publication Date: 2014

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; Tables;
• Pagination: 131p
• Serial:
  • TCRP Report
  • Issue Number: 172
  • Publisher: Transportation Research Board
  • ISSN: 1073-4872

Subject/Index Terms

• TRT Terms: Asset management; Maintenance management; Public transit; Spreadsheets; Strategic planning; Transit operating agencies
• Subject Areas: Administration and Management; Maintenance and Preservation; Public Transportation; I10: Economics and Administration; I60: Maintenance;

Filing Info

• Accession Number: 01551908
• Record Type: Publication
• ISBN: 9780309308175
• Report/Paper Numbers: Project E-09A
• Files: TRIS, TRB, ATRI
• Created Date: Jan 28 2015 1:40PM