Developing a Cross Asset Allocation Mechanism

The Kentucky Transportation Cabinet (KYTC) already has mechanisms for comparing the value of proposed projects within specific programs or asset classes. For example, the SHIFT process allows KYTC to assess the need for and benefits of planned capital projects. However, SHIFT does not effectively assess the value of non-capital projects such as those focused on safety or asset management. Consequently, it is difficult to measure and compare the impact of projects toward meeting overall KYTC performance goals. As part of KYTC’s performance management implementation effort, it will be necessary to establish a mechanism for comparing the impact of projects across the capital, safety, and asset management programs. This project seeks to identify the appropriate mechanisms for such comparisons and also identify any gaps in data or processes that will need to be addressed in order to implement a cross asset allocation framework.

Language

• English

Project

• Status: Active
• Funding: $165836
• Contract Numbers:

  KHIT 151

• Sponsor Organizations:

  Kentucky Transportation Cabinet

  200 Mero Street
  Frankfort, KY  United States  40622
• Performing Organizations:

  University of Kentucky, Lexington

  Kentucky Transportation Center College of Engineering, 176 Raymond Building
  Lexington, KY  United States  40506-0281
• Principal Investigators:

  Catchings, Rachel

  Bryan, Gibson

• Start Date: 20220701
• Expected Completion Date: 20230630
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Asset management; Performance measurement; Programming (Planning); Resource allocation
• Geographic Terms: Kentucky
• Subject Areas: Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 01860986
• Record Type: Research project
• Source Agency: University of Kentucky, Lexington
• Contract Numbers: KHIT 151
• Files: RIP, STATEDOT
• Created Date: Oct 12 2022 12:57PM