Governments, including transportation agencies, are increasingly adopting performance-based approaches to management and decision making to help achieve desired outcomes, and to encourage fiscal responsibility, accountability and transparency in
governance. As financial resources become more limited and governments focus on obtaining value for money, transportation agencies are increasingly required to make investments using cross-asset trade-offs and optimization methods to improve transparency and credibility using a performance-based approach to decision making.

Despite recent progress, there is still much to learn about performance-based decision making and the best techniques to ensure success. Many public transportation agencies seek practical examples and tools that could be deployed to advance their asset
management practices, improve the transparency of decision making, and optimize network investments. This report helps close that knowledge gap by synthesizing lessons learned with respect to performance-based decision making, and by developing a toolkit
that can help practitioners identify tools to implement for different needs within the asset management process.

Resource Types: Research Report
Capabilities: Communication, Organization & People
Management Processes: Monitoring & Adjustment, Performance Based Planning & Programming, Performance Reporting & Communication, Resource Allocation, Risk Management, Strategic Direction, Target Setting