Risk-Based Transportation Asset Management: Evaluating Threats, Capitalizing on Opportunities: Report 1, Overview of Risk Management

2012PDFTech Reporthttps://www.fhwa.dot.gov/asset/pubs/hif12035.pdfFHWA-HIF-12-035Risk managementInfrastructureAssetsRisk managementInfrastructureAssetsUnited StatesUnited States. Federal Highway Administration. Office of Asset ManagementSaadatmand, NastaranGaj, StephenProctor, GordonUnited States. Federal Highway Administration. Office of Asset ManagementGordon Proctor & AssociatesFederal Highway AdministrationAs the United States considers developing risk-based Transportation Asset Management (TAM) plans, agencies will need to understand risk and how it can be used to improve decision making in asset management programs. This is the first of five reports that define risk, explain risk management and examine their application to TAM both in the U.S. and abroad. This first report provides an overview of risk management as applied to managing physical assets.81