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What is
Transportation Asset Management?
The FHWA and the
state transportation organization AASHTO define Asset Management
as “a strategic and systematic process of operating,
maintaining, upgrading, and expanding physical assets
effectively throughout their lifecycle. It focuses on business
and engineering practices for resource allocation and
utilization, with the objective of better decision making based
upon quality information and well defined objectives.”
Simply put, Asset Management is putting limited transportation
dollars to work where they do the most good. That means
maintaining an aging transportation infrastructure before it
becomes unusable.
This is common
sense, but it is easier said than done, and it requires
balancing many competing interests. Departments must consider
tradeoffs between paving, bridge, new highways, rail, airports,
park & ride lots, and more.
Performance Measures
VTrans has been systematically
developing performance measures since 2001, and they have become
a crucial part in managing the assets and services entrusted to
the Agency. Performance measures indicate the effectiveness of
the Agency in accomplishing its mission. Measures are only
useful if acted upon. At VTrans, the condition of the underlying
asset or service affect where funding emphasis is placed. The
Vermont Agency of Transportation Performance Measures
document describes the strategic performance measures and the
targets the Agency is striving to reach.
Transportation Project
Prioritization & Selection
Quantitative project prioritization
is a key part of the VTrans Transportation Asset Management
strategy and the Road to Affordability program. This document
describes how a transportation project advances from an idea to
an actual project under construction.
Transportation Project Prioritization and Selection
FY’09 VTrans Projects
by Program
This report lists all projects in the
FY’09 VTrans Transportation Program sorted by program and
priority. It shows the priority assigned by VTrans as well as
the priority assigned by the regional planning commission or the
CCMPO. The budget status column indicates where the project is
in the development process. Candidate projects are waiting for
funding to be “promoted” to a Development and Evaluation (D&E)
status. Development and Evaluation projects eventually become
FOB or Front of Book. Those projects are expected to be under
construction within four years or sooner.
FY’09
VTrans Projects by Program
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