Risk Informed Transit Asset Management: Best Practice and Approaches | Document
This presentation outlines the best practices for risk management. It begins by defining asset management and the advantages of an asset management plan. It then transitions into risk assessment and weighing uncertainty. It concludes with risk assessment best practices such as a risk informed asset management process, continual risk assessment revision, and a risk informed management plan.
An Outcome Based Scenario Approach for Analyzing Risk in Infrastructure Asset Management | Presentation
This presentation aims to explain scenario planning and its role in transportation planning. It begins by defining scenario planning, its history, and its current uses in transportation planning. It then outlines asset management decision making levels and uncertainty. It concludes by connecting scenario planning and asset management with techniques such as quantile regression and a case study.
Risk Analysis at Varying Levels of the Organization | Presentation
This presentation seeks to show the types of risk that different level employees identify throughout the North Carolina DOT (NCDOT) in order to give a more full picture of the risks faced by NCDOT. It gives examples of risks faced by maintenance crews, maintenance engineers, and NCDOT executives. It then compares the risks, pinpointing underlying commonalities, specifically manpower and funding.
Investment Level Impacts: How MnDOT is Using Risk to Inform Resource Allocation Decisions on the Operating Side of Its Budget | Presentation
This presentation focuses on the investment level impacts of risk management. Risk management is used in the intense planning process to prioritize funding for assets and services of MnDOT. It also provides strategies for risk mitigation and impact management.
Beyond the Risk Register – From Risk Analysis to Creating Strategies | Presentation
This presentation introduces the Colorado DOT's Risk Register Framework and its uses for risk management. It additionally introduces strategies like risk score by corridor, which enables agencies to assess risks across multiple asset types by location. The second half of the presentation focuses on overall performance risks and risk reduction strategy development.
Managing Risk Across the Enterprise | Presentation
This presentation seeks to answer questions about establishing risk management within transportation agencies. It first defines risk and explains the risk management process and its relationship to other transportation asset management processes. It then outlines the MAP-21 risk management requirements and the benefits of risk management.
Incorporating Risk into Optimized Strategic Investment Decisions | Presentation
This presentation focuses on three topics– risk, strategic decisions, and funding allocation considering risks. First, risk is defined, explaining its utility at different levels, and then investment decision making is outlined. Knowledge of these two topics enables readers to understand decision making while considering risks and the benefits such knowledge can provide.
How Transportation Asset Management Transforms the Business Process at the Ohio Department of Transportation | Presentation
This presentation demonstrates a systematic business approach to transportation asset management can help organizations reach their goals including greater consistency, reduce life cycle costs, and ensure performance goals are met. The presentation explains how a systematic business approach is built including the multi-level buy-in, technology, and strong leadership team.
A Practical Option for Managing Transit Facility Infrastructure and Assets | Presentation
This presentation overviews Denver RTD's asset management program. It explains the asset breakdown of Denver RTD's public and maintenance facilities, its condition assessments, and its dashboards.
Collecting Infrastructure Asset Data Using Advanced Mobile Technology at MnDOT | Presentation
This presentation focuses on different types of mobile data collection currently being pursued by MnDOT. These methods include photogrammetry, esri ArcGIS Mobile, LiDAR, mobile remote control vehicles, 3D sonar, and drones. These techniques provide MnDOT with new, more efficient ways to collect data on its assets.
Multi-Year, Multi-Constrain Strategy to Optimize Linear Assets Based on Life Cycle Costs | Presentation
This report focuses on pavement management strategies. It introduces optimization methods opposed to traditional cost/benefit and worst first strategies. These new methods will ideally be able take multiple factors into account when making investment decisions. This provides benefits over traditional strategies which cannot take multiple constraints into account. It then provides a case study of how the strategy would work.
Using MAP-21to Strengthen New Mexico DOT's TAM Program | Presentation
This presentation outlines how the new requirements of MAP-21 for State DOT's help to improve efficiency within organizations. Aspects of New Mexico DOT (NMDOT) that were discussed include self-service data, workshops, dashboards, investment scenarios, resource allocation, and program communication and transparency. It concludes with possible improvements for NMDOT include a better pavement management system to change from a reactive organize to a proactive one.