Subjects addressed:Financial Management/Asset Valuation, Inventory and Condition Assessment, Life Cycle Costing/Economic Analysis, Maintenance and Preservation
Topics addressed:Asset Management Plans
Asset types addressed:Pavement
DetailTitle: Asset Management for the Roads Sector
Resource type: Research Report
Year published: 2001
Publisher: Organisation for Economic Co-operation and Development
In most Organization for Economic Cooperation and Development (OECD) Member countries, the road network constitutes one of the largest community assets and is predominately government-owned. Road administrations must maintain, operate, improve, replace and preserve this asset while, at the same time, carefully managing the scarce financial and human resources needed to achieve these objectives. All of this is accomplished under the close scrutiny of the public who pay for and are regular users of the road network, and who increasingly demand improved levels of service in terms of safety, reliability, environmental impact and comfort. Asset management as applied to the roads sector represents a "systematic process of maintaining, upgrading and operating assets, combining engineering principles with sound business practice and economic rationale, and providing tools to facilitate a more organized and flexible approach to making the decisions necessary to achieve the public's expectations". Governments are placing greater pressures on road administrations to improve the efficiency of, and accountability for, the management of the road network. Indeed, in many countries, local highway authorities face formal accountability and reporting requirements on how they manage their assets. Asset management systems offer the prospect of significantly improving road network management outcomes. This report is a review of asset management systems as applied to the roads sector and an analysis of the responses to a survey conducted among those countries represented on an OECD Working Group on Asset Management Systems.