Guidelines for Quantifying Benefits of Traffic Incident Management Strategies (2022) / Chapter Skim
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Pages 25-28
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From page 25... ...
25 TIM Analysis Step 1 -- Specify Analysis Purpose The first stage of benefits analysis is to specify the purpose(s) of the benefits analysis.
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26 Guidelines for Quantifying Benefits of Traffic Incident Management Strategies Develop Analysis Goals and Specify TIM Outcomes to Capture Outcomes refer to the results of TIM activities and are broadly organized across mobility, safety, environmental, efficiency, and traveler satisfaction. Agencies are encouraged to consider and communicate all outcomes from TIM programs, yet should recognize that some invest ments in TIM may not affect operations in a way that can be easily monetized.
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From page 27... ...
TIM Analysis Step 1 -- Specify Analysis Purpose 27 While the focus of this document is on placing a monetary value on TIM benefits, the TIM organization may benefit from considering how this monetary value will translate in terms of a lifecycle benefit. ITS projects, including TIM, typically involve less upfront cost than major physical infrastructure projects (e.g., highways, bridges)
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From page 28... ...
28 Guidelines for Quantifying Benefits of Traffic Incident Management Strategies • Demonstrate value to the traveling public. • Demonstrate value to support and enlist TIM partners.
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