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Life-cycle planning (LCP) is an integral part of the transportation asset management (TAM) framework. LCP is a process that estimates the full cost of managing an asset over its anticipated useful life. It is a practice based on economic and engineering principles to facilitate the development of a life-cycle activity plan for a given asset that balances costs, risks, and expected performance.
NCHRP Research Report 1065: Life-Cycle Planning Analysis in a Transportation Asset Management Framework, from TRB's National Cooperative Highway Research Program, provides transportation planning and engineering professionals with a guide to the implementation of LCP analysis to support TAM.
Supplemental to the report are NCHRP Web-Only Document 365: Implementation of Life-Cycle Planning Analysis in a Transportation Asset Management Framework, a summary of findings, an implementation plan, and a webinar presentation.
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