Identification of residual risk for each element and development of a funding allocation methodology of elements: 2018/19 Year 2

Queensland Department of Transport and Main Roads (TMR) faces a challenge in addressing the funding needs of multiple asset elements and the impacts on them from traffic use and the environment. Asset performance, and therefore needs and risks, are impacted by a combination of factors, with climate-related factors increasing in importance as evident from recent floods. This project was created to deliver guidance and tools aimed at supporting a comprehensive, risk-based framework to assist in the allocation of funding to different elements of the road network. The project has drawn on established and recently developed methodologies and solutions in aiming to achieve early success, whilst ensuring the solutions support TMR's needs. Work commenced on Stage 1 of this project in 2017/18 (Year 1) and continued to Stage 2 in 2018/19 (Year 2) with final completion of Stage 3 currently scheduled for 2019/20. The work has required collaboration with several TMR departments during the project. This report is aimed at providing progress on the work undertaken during the year 2018/19 (part Stage 1 and Stage 2) that is particularly focused on the development of the residual risk management tool for pavements. Other work for the development of the residual risk approach applied to the intelligent transport systems (ITS) and structures (bridges and culverts) assets has also been underway concurrently with the residual risk for pavement assets.

• Record URL:
  https://www.nacoe.com.au/wp-content/uploads/2021/07/NACoE-A35-Year-2-2018-19-Annual-Summary-Report-FINAL.pdf
• Corporate Authors:

  National Asset Centre of Excellence (NACOE)

  Brisbane, Queensland   
• Authors:
  • Martin, T
  • O'Connor, G
  • Ai, U
• Publication Date: 2021-2

Media Info

• Pagination: 81p

Subject/Index Terms

• TRT Terms: Decision making; Financing; Pavement maintenance; Pavement management systems; Project management; Risk assessment; Types of roads by network
• Geographic Terms: Queensland
• ATRI Terms: Decision process; Pavement maintenance; Pavement management; Project management; Risk assessment; Road funding; Road network
• Subject Areas: Pavements;

Filing Info

• Accession Number: 01781215
• Record Type: Publication
• Source Agency: ARRB Group Limited
• Report/Paper Numbers: A35
• Files: ATRI
• Created Date: Sep 2 2021 2:25PM