Managing Risks Associated with Major Funding Uncertainty: Michigan Department of Transportation (MDOT) Case Study

This case study focuses on Michigan Department of Transportation's (MDOT's) investment strategy development process, including its asset condition forecasting methodology. It explores MDOT’s use of asset condition forecasting and its efforts to identify alternative strategies. It describes how the agency conducts strategy selection, target-setting, and the Call for Projects process. This case study also highlights MDOT’s revenue and cost monitoring and provides an overview of how the Department performs ongoing monitoring. It describes MDOT’s approach to revising the capital plan and its treatment of inflation and cost escalation. This case study examines the agency’s communication approaches, including actively using the Roads and Bridges Annual Report (Transportation Asset Management Council (TAMC) 2021), the MiScorecard (MDOT 2019b), the annual 5-Year Transportation Program (5YTP) (MDOT 2022), and the Transportation Asset Management Plan (TAMP) (MDOT 2019a) to advance asset management. It also describes various TAMC products, including dashboards, interactive maps, and the Investment Reporting Tool.

• Record URL:
  • https://rosap.ntl.bts.gov/view/dot/72951
• Corporate Authors:

  Applied Pavement Technology, Incorporated

  115 W. Main Street
  Suite 400
  Urbana, IL  United States  61801

  Spy Pond Partners, LLC

  Arlington, MA  United States 

  Federal Highway Administration

  Office of Infrastructure
  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Robert, William
  • Richter, Lori
  • Park, Hyun-A
  • Allen, Brad
• Publication Date: 2023-4-25

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References;
• Pagination: 21p

Subject/Index Terms

• TRT Terms: Asset management; Case studies; Financing; Investments; Risk management; Structural health monitoring
• Identifier Terms: Michigan Department of Transportation
• Subject Areas: Finance; Maintenance and Preservation; Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 01904245
• Record Type: Publication
• Report/Paper Numbers: FHWA-HIF-23-017
• Contract Numbers: 693JJ319D000023; 693JJ321F000194
• Files: NTL, TRIS, USDOT
• Created Date: Jan 8 2024 12:19PM