A capital stitch in time saves nine [road asset management]

There is a need to protect a nation's investment in arguably its largest single asset, the road network. The paper states that to achieve this it is necessary to have an holistic approach to asset management linking the necessary economic perceptions, required for the strategic planning of the network as a whole, with the very real engineering based tactical, or project, level planning for individual sections of the road network. It suggests a practical template to permit this approach to work, with examples taken from implementations in a variety of countries. The importance of having appropriate standards, and how they may be determined, implemented and achieved, not least by fixing realistic budgets in a logical manner, is stressed as is the use of internal and external audit processes to ensure any such system continues to be fit for purpose.

• Authors:
  • Snaith, M S
• Conference:
  • Roading New Zealand Conference, 2009, Wellington, New Zealand
• Publication Date: 2009-9

Language

• English

Media Info

• Pagination: 7p
• Monograph Title: 09 Roading New Zealand Conference: building value, 8th September 2009, Wellington, New Zealand: conference papers

Subject/Index Terms

• TRT Terms: Asset management; Budgeting; Highway operations; Investments; Strategic planning; Types of roads by network
• Uncontrolled Terms: Road design and management
• Geographic Terms: New Zealand
• ATRI Terms: Asset management; Budget; Investment; Road management; Road network; Strategic planning
• Subject Areas: Finance; Highways;

Filing Info

• Accession Number: 01384686
• Record Type: Publication
• Source Agency: ARRB
• Files: ATRI
• Created Date: Aug 22 2012 4:49PM