Implementation of Life-Cycle Planning Analysis in a Transportation Asset Management Framework

The objective of this research is to develop guidance coupled with one or more prototypical, analytical model(s) to support life-cycle planning and decision-making that applies life-cycle cost analysis as a component of a system-wide transportation asset management program. This guidance and associated analytical model(s) will apply quantitative asset-level, project-level, and network-level inputs to demonstrate methods for calculating life-cycle costs associated with alternative scenarios while taking into account preservation, rehabilitation, replacement, maintenance, and potential risk mitigation actions on a range of highway assets. To the degree possible, costs should reflect condition, risk and uncertainty, mobility, safety, and any other quantifiable aspect of transportation system performance. Although this research is targeted to state DOT highway assets within the overall transportation network, the research should also identify additional research necessary to expand the process to include other modes. Final deliverables will include: (1) guidance and models (e.g., metrics, tools, and strategies); (2) a final report that documents the entire research effort; (3) a stand-alone summary that outlines the research findings and recommendations; and (4) a presentation aimed at state DOT senior staff and decision-makers that simply and concisely explains why the guide and supporting materials are helpful and how they will be used. Final deliverables will also include a stand-alone technical memorandum entitled, “Implementation of Research Findings and Products.”

• Record URL:
  http://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=4545

Language

• English

Project

• Status: Completed
• Funding: $500000
• Contract Numbers:

  Project 02-26

• Sponsor Organizations:

  National Cooperative Highway Research Program

  Transportation Research Board
  500 Fifth Street, NW
  Washington, DC  United States  20001

  American Association of State Highway and Transportation Officials (AASHTO)

  444 North Capitol Street, NW
  Washington, DC  United States  20001

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Project Managers:

  Weeks, Jennifer

• Performing Organizations:

  WSP USA

  One Penn Plaza
  250 W 34th Street
  New York, New York  United States  10119
• Principal Investigators:

  Mallela, Jagannath

• Start Date: 20190405
• Expected Completion Date: 20220930
• Actual Completion Date: 20220930

Subject/Index Terms

• TRT Terms: Asset management; Highway maintenance; Implementation; Life cycle costing; Risk management
• Subject Areas: Finance; Highways; Maintenance and Preservation;

Filing Info

• Accession Number: 01669532
• Record Type: Research project
• Source Agency: Transportation Research Board
• Contract Numbers: Project 02-26
• Files: TRB, RIP
• Created Date: May 21 2018 9:12PM