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Analytical Tools for Asset Management (2005) / Chapter Skim
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Pages 55-59

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From page 55...
... The spreadsheet would contain the annual budget level, year, asset type, network category, geographic category, and performance measure and value. Optimization This improvement would add a feature to find the optimal allocation of resources across a set of asset types and geographic and network categories to minimize or maximize a single designated performance measure (e.g., to minimize excess user costs)
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From page 56...
... AssetManager NT does not currently support decision-making about the best mix of work for a given asset type because the assumption was made in this project that such decisions are best left to individual asset management systems. Users can now include output-type performance indicators in their AssetManager NT input files to allow the amount of work by type to be viewed within the system.
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From page 57...
... . A high-level list of design requirements for the ported tool includes a definitions menu option, an input data menu option, a work targets menu option, and a what-if analysis screen: • The definitions menu option includes seven dialogues for entering/editing definitions for – System measures, – Network categories, – Geographic categories, – Project types, – Asset types, – Performance measures, and – Budget categories.
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From page 58...
... Resource Allocation Decisions Initial interviews identified the following needs for supporting resource allocation decisions: • Development of performance measures that facilitate comparisons across project types; • New tools that allow agencies to incorporate consideration of policy initiatives (e.g., passing lanes and upgrades to roads with seasonal weight restrictions) within the condition-based needs assessment method used by management systems; and • Tool or approach to overlay customer satisfaction and priorities with engineering decisions for use in program planning and prioritization.
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From page 59...
... ; • Tool to tie together capital and betterment investments by asset type and location (for GASB-34 requirements) ; • Cradle-to-grave project tracking systems; and • Query tools to provide easy access to estimated versus actual costs, experience, and lessons learned.
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Key Terms

  • project type
  • input file
  • asset type
  • asset types
  • performance measure

  • allow users
  • budget category
  • network category
  • budget categories
  • user costs

  • analysis tool
  • asset management
  • performance indicators
  • network categories
  • cost analysis

  • user interface
  • work targets
  • tem measures
  • formance measure
  • individual asset

  • menu option
  • improved capabilities
  • performance value
  • analytical tools
  • geographic category

  • tradeoff analysis
  • input files
  • candidate projects
  • investment level
  • geographic categories


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