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Integrating Effective Transportation Performance, Risk, and Asset Management Practices (2022) / Chapter Skim
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Pages 18-24

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From page 18...
... While agencies may vary in organizational structure, funding mechanisms and budgets, data governance structures, policy and political limitations, public obligations, and more, all agencies should be able to perform the processes listed in Figure 4. As an integration approach is identied and executed, it may need to be altered over time to adjust to new opportunities that present themselves in a continuous improvement cycle.
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From page 19...
... Examples of actions could include the following: • Document all current business practices (or standard operating procedures) for performance, risk, and asset management.
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From page 20...
... Armed with a better understanding of the model, the agency can then make informed decisions about the parameters that drive its forecasts. Successful Integration Methods ✓   Local and regional input ✓   Risk register ✓   Data dashboards and visualization ✓   Data and software resource integration ✓  Sensitivity analysis Who Can Be Your Partners In Integrating Management?
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From page 21...
... . Successful Management Frameworks ✓   Business process mapping ✓   Integrated investment planning ✓   Holistic training programs ✓   Integration in project selection ✓   Enterprise risk management
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From page 22...
... Level 5 Optimizing Integrated performance, risk, and asset management is fully deployed throughout the agency and is highly effective and consistent. Outcomes of integration are obvious and well established.
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From page 23...
... As Highways England continues to work toward developing a more integrated and progressive approach to performance, risk, and asset management, it has noted the importance of buy-in from the e ecutive level. ecause structural change is initiated from the top, it is important that leadership identify integrated management practices as a priority to help ensure success at all levels.
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From page 24...
... This has allowed the department to better align its transportation system with what residents expect for their quality of natural environment, economy, and life. MnDOT's approach to developing the Transportation Asset Management Plan as part of a family of investment plans appears to be the best example of complete integration of performance, risk, and asset management.
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Key Terms

  • asset management
  • highways england
  • integrated management
  • enterprise risk
  • business process

  • data governance
  • risk register
  • investment period
  • investment planning
  • integrated investment

  • data dashboards
  • holistic training
  • process mapping
  • transportation agencies
  • performance management

  • agency culture
  • critical path
  • pavement management
  • project selection
  • project prioritization

  • customer satisfaction
  • integrated performance
  • metropolitan transportation
  • transportation district
  • management frameworks

  • resource integration
  • regional input
  • transportation asset
  • performance goals
  • agency processes


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