Life-cycle planning (LCP) is an integral part of the transportation asset management (TAM) framework. LCP is a process that estimates the full cost of managing an asset over its anticipated useful life. It is a practice based on economic and engineering principles to facilitate the development of a life-cycle activity plan for a given asset that balances costs, risks, and expected performance. This report from TRB's National Cooperative Highway Research Program, provides transportation planning and engineering professionals with a guide to the implementation of LCP analysis to support TAM.

Infrastructure Assets: Highway Assets
Resource Types: Research Report
Capabilities: Data & Information Systems
Management Processes: Monitoring & Adjustment, Performance Based Planning & Programming, Performance Reporting & Communication, Resource Allocation