Road Asset Management
We, at HRP Infra Consultants understand that the road asset (excluding structures) includes more than just the pavement; it also includes earthworks, drainage, safety barriers, lighting, signs, lines and the soft estate (grassland, trees and shrubs.) This valuable asset, ideally needs to be monitored and managed, and therefore requires asset management systems which are GIS based, to properly manage the asset information.
When these are integrated to a common base, we have an integrated asset management system (IAMS). The value of a good IAMS is that it must be really useful and virtually intuitive to be used, for occasional use by all levels of people from senior managers down. It can be used for considering and comparing reliable data and information they hold, across all assets, from the inventory, network and detailed surveys.
Transportation infrastructure assets are not only costly to build but also expensive to maintain in order to adequately meet public expectation. The key issue is to how to manage existing assets in way that it delivers maximum benefit to public taking into account limited financial resources. We review the Road asset management system from perspective of four major components such as goals, budget, asset and performance.
There are several issues that we focus for effective outcome of the asset management system. They are long term goals, expansion of road network, traffic safety action plans, environmental impact analysis, economic development and other; budget breakdown and cost estimation; at data management level inventory and condition data collection, database management at performance modeling level to predict future condition, network level analysis and other and at programmed optimization level to perform economic.