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INDOT's Transportation Asset Management (TAM) program provides a decision-making framework that is guided by performance goals; draws from economics as well as engineering and considers a broad range of factors that includes physical as well as human resources, to operate, maintain, and improve transportation assets, such as roads and bridges. Asset Management is about good management, effective leadership, and achieving the right organizational culture.
Transportation Asset Management is a strategic, systematic, and disciplined business process for operating, maintaining, and improving physical assets, with a focus on engineering and economic analysis based upon quality information, to identify a structured sequence of infrastructure maintenance, preservation, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair over the lifecycle of transportation assets at minimum practicable cost. TAM allows the agency to answer questions such as:
Asset Management offers many benefits to INDOT and to tax payers for example; optimized treatments, cost savings, risk reduction, improved resource planning/management, program sustainability, and performance results.
Just like a house or a car, regular maintenance performed at the right time is critical in keeping theses assets functioning like new, obtaining the optimal life and value of the asset; and reducing ownership costs over time. Transportation assets such as: bridges, roadway pavement, signs, signals, and equipment are no different. TAM ensures that rational and well-informed investment decisions are made to sustain, manage, modernize, minimize asset life cycle costs, minimize risks, and optimize the rate of return for each asset and roadside feature using a performance-based approach and strategic resource allocation. Transportation Asset Management helps to:
Director, Asset Planning & Management Division
Indiana Department of Transportation
100 N. Senate Ave., IGCN 955
Indianapolis, IN 46204