key questions every asset management

system must answer

(From the Asset Management Primer, US Department of Transportation http://www.fhwa.dot.gov/infrastructure/asstmgmt/amprimer.pdf)

• What is our mission? What are our goals and policies?
• What is included in our inventory of assets?
• What is the value of our assets? What are their functions? What services do they provide?
• What was the past condition and performance of our assets? What is the current and predicted future condition and performance of our assets?
• How can we preserve, maintain, or improve our assets to ensure the maximum useful life and provide acceptable service to the public?
• What resources are available? What is the budget level? What is the projected level of future funding?
• What investment options may be identified within and among asset component classes? What are their associated costs and benefits?
• Which option, or combination of options, is “optimal”?
• What are the consequences of not maintaining our assets? How can we communicate the impact of the condition and performance of our assets on the system and end users?
• How do we monitor the impact of our decision? How do we adjust our decision-making framework when indicated?
• How can we best manage our assets in order to least inconvenience the public when we repair or replace these facilities?

For our clients, Axiom Infrastructure Manager (AIM) © products are designed to provide answers and solutions for each of these questions and help you establish a progressive asset management process.