| Title | Asset Management Plans & Processes Fact Sheet |
|---|---|
| Record ID | 78599 |
| Corporate Creator | Federal Highway Administration (U.S.) |
| Publisher | United States. Department of Transportation. Federal Highway Administration |
| Publication Date | 20161024 |
| Language | English |
| Abstract | The Federal Highway Administration (FHWA) on October 24, 2016, published its final rule on required state-approved asset management plans and processes. Asset management is a strategic and systematic process of operating, maintaining, and improving physical assets, with a focus on engineering and economic analysis based upon quality information, to identify a structured sequence of maintenance, preservation, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair over the lifecycle of the assets at minimum practicable cost. In simple terms, asset management is a strategic process for managing physical assets in a state of good repair over their lifecycle at minimum practicable cost. |
| Rosap ID | dot:53724 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/53724 |
| TRT Terms | Asset management; Project management; State departments of transportation |
| Geographical Coverage |
United States |
| Report Number | FHWA-HIF-17-06 |
| Resource type | Brief |
| URL | https://ntlrepository.blob.core.windows.net/lib/78000/78500/78599/hif17006.pdf |
| Alternative URL | https://www.fhwa.dot.gov/asset/pubs/hif17006.pdf |
| Format | |
| Database | NTL Digital Repository |