Transportation Asset Management

Transportation asset management (TAM) is a process, in which the handling of transportation assets is done in a proper manner. Transportation assets usually include roads, highways, bridges and pavements. The process is carried out with the help of transportation asset management systems.
About Transportation Asset Management

About Transportation Asset Management
Transportation asset management deals with the management of transportation assets. In simple terms, transportation asset management is an orderly procedure, which supervises the maintenance, advancement, and functioning of transportation assets, for example bridges or roadways in a cost-efficient manner.

Transportation asset management takes the assistance of business management, engineering, software technology, as well as economics. It offers a number of devices for the purpose of decision-making and is able to produce a model for both long and short-term plans.

The principal objective of transportation asset management is to reduce the life-cycle expenses for handling and maintenance of transportation assets, for example, tunnels, roads, bridges and rails.

In the United States, the American Association of State Highway and Transportation Officials (AASHTO), Federal Highway Administration (FHWA), and the Transportation Research Board (TRB) are taking a number of initiatives to encourage and develop the process of transportation asset management in the country.
Components of Transportation Asset Management Systems.
Following are the constituents of transportation asset management systems:
Bridge management systems
Pavement management systems
Tunnel management systems
Maintenance management systems
Roadway hardware management systems
Advantages of Implementing Transportation Asset Management at the time of Planning Procedure

Following are the advantages of implementation of transportation asset management at the time of planning procedure:
Enhancing customer satisfaction
Maximization of performance of the transportation system
Equating service offered to public requirements
Reducing life-cycle expenses
Generating highly informed and cost-efficient program decisions and improved utilization of the prevailing transportation assets

Application of Transportation Asset Management
Transportation asset management can be implemented for the following purposes:
Observing condition of the system, necessities, and operation
Distinctly delineating the expenses for maintenance and conservation of prevailing assets
Distinctly recognizing public demand and anticipations
Comparison of requirements to accessible financing involving maintenance and operational expenses in a direct manner
Delineating asset status in order to make a decision on how they can be handled and preserved in the most suitable manner
Ascertaining the time to initiate processes on an asset, for example, renewal, protection, performance improvement, rebuilding or substitution

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