Asset Management Guide: Focusing on the Management of Our Transit Investments [October 2012]

https://doi.org/10.21949/15035642012PDFTech ReportFTA Report No. 0027FTA-2011-002-TRIAsset managementPublic transitManualsTransit asset managementAsset management guideUnited StatesUnited States. Federal Transit Administration. Office of Research, Demonstration, and InnovationRose, DavidIsaac, LaurenShah, Keyur V.Blake, TaganParsons BrinckerhoffUnited States. Federal Transit Administration. Office of Research, Demonstration, and InnovationFederal Transit AdministrationTo advance transit asset management, this guide provides a transit-specific asset management framework for managing assets indi-vidually and as a portfolio of assets that comprise an integrated system. The guide provides flexible, yet targeted guidance to advance the practice and implementation of transit asset management. Objectives: Explain what transit asset management is and what the business benefits to an agency are; Provide an enterprise asset management framework and business model that agencies can refer to as \u201cbest practice\u201d; Describe the elements of transit asset management plan; Detail, for each major asset class, the major enabling components of asset management: inventory, condition assessment, performance analysis and modeling, risk management, and lifecycle cost management; and, Guide organizations through the migration from their current baseline to high-performance asset management.85