Asset Management Data Collection for Supporting Decision Processes Asset Management Data Collection for Supporting Decision Processes Prepared by: Gerardo W. Flintsch, Ph.D., P.E., Center for Safe and Sustainable Transportation Infrastructure, Virginia Tech Transportation Institute
[email protected] J. W. Bryant, Jr., Ph.D., P.E., Asset Management Division, Virginia Department of Transportation
[email protected] Prepared May 2006 March 2009 Preface Asset Management is a strategic approach to the optimal allocation of resources for the management, operation, maintenance, and preservation of transporta- tion infrastructure (FHWA 1999). The concept of Asset Management combines engineering and economic principles with sound business practices to support decisionmaking at the strategic, network, and project levels. One of the key aspects of the development of Asset Management is data collection. The way in which transportation agencies collect, store, and analyze data has evolved along with advances in technology, such as mobile computing, advanced sensors, distributed databases, and spatial technologies. These technologies have enabled data collection and integration procedures necessary to support the comprehensive analyses and evaluation processes needed for Asset Management. However, in many cases, the data collection activities have not been designed specifically to support the decision processes inherent in Asset Management. As a result, the use of the aforementioned technologies has led agencies to collect very large amounts of data and create vast databases that have not always been useful or necessary for supporting decisionmaking processes. Although agencies have placed a large emphasis on collecting and inte- grating data, little effort has been placed on linking the data collection to the agencies’ decisionmaking processes.