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Analytical Tools for Asset Management (2005) / Chapter Skim
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Summary
Pages 1-2

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
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From page 1...
... that must be taken into account when making investments in transportation assets. Analytical tools already have proved to be of great value for developing asset preservation strategies, understanding life-cycle costs of different design options, and analyzing benefits and costs of alternatives at the project and program levels.
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From page 2...
... The recommended approach was intended to provide a concrete view of what asset management tradeoff analysis looks like, given that the inputs to this tradeoff analysis and even the underlying methods can and do vary across agencies. The two tools developed in the second phase of the project -- AssetManager NT and AssetManager PT -- support tradeoff analysis at the long-term network level and at the program level, respectively: • AssetManager NT works with 10- to 20-year simulation results from existing asset management systems and allows users to explore the consequences of different levels of investment within and across asset classes.
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Key Terms

  • asset management
  • tradeoff analysis
  • existing analytical
  • asset preservation
  • existing capabilities

  • help agencies
  • initial phase
  • bridge management
  • using existing
  • existing tools

  • asset inventory
  • management tradeoff
  • pontis bridge
  • existing asset
  • developing asset

  • candidate tool
  • gap analysis
  • highway performance
  • bridge inventory
  • national bridge

  • underlying methods
  • implementation support
  • support resources
  • tool software
  • key conclusion

  • network level
  • significant variations
  • inventory formats
  • recommendations include
  • performance monitoring


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