125 p.The Federal Highway Administration defines transportation asset management as "a systematic process of operating, maintaining, and upgrading infrastructure cost-effectively." The objective of this report is to help county and municipal-level agencies implement transportation asset management techniques. The report represents a synthesis of the current literature on asset management relevant to local governments as well as a significant contribution to the subject. The report represents an important reference and resource for local government agencies and functions as a synthesis by (1) reviewing and re-presenting the concepts, strategies and tools of asset management, (2) identifying other important transportation asset management ref...