INDOT's Transportation Asset Management (TAM) program provides a decision-making framework that is guided by performance goals; draws from economics as well as engineering and considers a broad range of factors that includes physical as well as human resources, to operate, maintain, and improve transportation assets, such as roads and bridges. Asset Management is about good management, effective leadership, and achieving the right organizational culture.
What is Transportation Asset Management?
Transportation Asset Management is a strategic, systematic, and disciplined business process for operating, maintaining, and improving physical assets, with a focus on engineering and economic analysis based upon quality information, to identify a structured sequence of infrastructure maintenance, preservation, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair over the lifecycle of transportation assets at minimum practicable cost. TAM allows the agency to answer questions such as:
- What is the current state of INDOT’s physical assets?
- What are the required levels of service and performance delivery?
- Which assets are critical to sustained performance?
- What are the best investment strategies for operations, maintenance, replacements, and improvement?
- What is the best long-term funding strategy?
- What are our risks and how do we manage these risks?
- How are we doing?
Importance of Asset Management
Asset Management offers many benefits to INDOT and to tax payers for example; optimized treatments, cost savings, risk reduction, improved resource planning/management, program sustainability, and performance results.
Just like a house or a car, regular maintenance performed at the right time is critical in keeping theses assets functioning like new, obtaining the optimal life and value of the asset; and reducing ownership costs over time. Transportation assets such as: bridges, roadway pavement, signs, signals, and equipment are no different. TAM ensures that rational and well-informed investment decisions are made to sustain, manage, modernize, minimize asset life cycle costs, minimize risks, and optimize the rate of return for each asset and roadside feature using a performance-based approach and strategic resource allocation. Transportation Asset Management helps to:
- Determine when to undertake action on an asset such as preservation, rehabilitation, reconstruction, capacity enhancement, or replacement
- Maximize transportation system performance
- Match performance goals and services to public expectation while improve customer satisfaction
- Minimize life-cycle costs
- Ensure optimal use of existing transportation assets
Asset Management Program Components
- People: INDOT employees, including field inspectors, technicians, maintenance workers, engineers, planners, administrators, human resources, contract employees, and executive leadership; planning and business partners, such as Metropolitan Planning Organizations, Regional Planning Organizations, the U.S. Federal Highway Administration, stakeholders and industry leaders; elected officials, and the general public
- Hard Asset Inventory: Bridge, road, signage, lighting, traffic control devices, equipment, facilities, land, and other physical assets inventory and condition information
- Service Asset Inventory: Asset data, traffic and vehicle crash data, road inventory, and work management systems
- Capital Finance: Funds allocation, revenue streams, offset/trade-off analysis, and change management
- Business Structure: Work plans, business rules/scoring practices, asset teams, committee goals, and performance metrics
- Transportation Planning: MPO, RPO, and FHWA coordination, strategic planning, multimodal coordination, resource evaluation and tradeoff recommendations, project selection, Statewide Transportation improvement Program development, gathering system conditions
- Management Systems: Bridge, congestion, maintenance, pavement management system tools, work management system, agency scheduling programs, and the state transparency portal.
Asset Management Links
Director, Asset Planning & Management Division
Indiana Department of Transportation
100 N. Senate Ave., IGCN 955
Indianapolis, IN 46204