Improving Conceptual Model of Transportation Asset Management: Lessons Learned from Local Level

The Midwest Regional University Transportation Center partnered with the Northwestern University Transportation Center to engage in a study of transportation asset management at the level of local government, with an emphasis on smaller municipal and county agencies. The study resulted in a report, Transportation Asset Management for Local Government Agencies: Threshold Levels and Best Practice Guide, which was directed toward local government agencies. However, several lessons from the study are valuable beyond just the local level and may help broaden and enrich our view of asset management. Most notably, the experience of local agencies’ attempts to improve the management of their assets underscores the importance of investing attention and effort in management strategies for efficiency. The importance of institutional learning and developing an awareness and understanding of their situation evolving in time, beyond simply data collection, also was apparent. These insights motivated a new take on our conceptual model of transportation asset management and enrich the understanding of the discipline which largely evolved first in the context of the state and federal transportation agencies. This paper presents the conceptual model which evolved from the study of asset management at the local level as well as several of the most interesting lessons which motivated it.

• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Bernardin, Vincent Louis
  • Durango-Cohen, Pablo Luis
• Conference:
  • Transportation Research Board 86th Annual Meeting
  • Location: Washington DC, United States
  • Date: 2007-1-21 to 2007-1-25
• Date: 2007

Language

• English

Media Info

• Media Type: CD-ROM
• Features: Figures; References;
• Pagination: 9p
• Monograph Title: TRB 86th Annual Meeting Compendium of Papers CD-ROM

Subject/Index Terms

• TRT Terms: Asset management; Best practices; Conceptual models; Economic analysis; Guidelines; Lessons learned; Local government agencies; Management; Planning; Transportation planning
• Identifier Terms: Midwest Regional University Transportation Center
• Subject Areas: Administration and Management; Economics; Highways; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01046163
• Record Type: Publication
• Report/Paper Numbers: 07-0285
• Files: TRIS, TRB
• Created Date: Feb 8 2007 4:50PM