Subjects addressed:Financial Management/Asset Valuation, General/TAM Practice, Resource Allocation and Program Development
Topics addressed:Analytical Tools and Models, Asset Management Plans
Asset types addressed:General
DetailTitle: TAMP Financial Planner
Resource type: ToolWebsite
Year published: 2018
The TAM Financial Planner tool was developed through NCHRP Project 19-12: Guide for Financial Planning and Management in Support of Transportation Asset Management.
The tool provides a suite of data visualization and analysis functions to support users of the guidance developed through the research effort.
The objective of NCHRP Project 19-12 was to produce a guidebook, written for executives, managers, and practitioners at DOTs and other agencies, on issues to consider and procedures that may be used in conducting financial analyses and developing financial plans that support efficient and effective management of the state’s transportation assets while meeting federal and other program requirements. The guidebook addresses fiscal and programmatic constraints associated with federal and state legislation; methodologies for valuing assets and forecasting and allocating financial resources; financial performance measures and targets; and practical concerns related to financial markets and accounting requirements. While DOT asset portfolios are weighted heavily toward highway facilities, the guidance is generally applicable to all public-sector transportation assets. The guidance was validated and refined to ensure it is practical, responsive to the needs and interests of agency officials and other potential users, and likely to be usable by DOTs and other agencies responsible for TAM.