Transportation Planning Capacity Building Program
— Peer Exchange Report —
Developing Formal Asset Management Plans
||Columbia, South Carolina
||February 5-6, 2014
||South Carolina Department of Transportation (SCDOT)
Louisiana Department of Transportation and Development (LA DOTD)
Minnesota Department of Transportation (MnDOT)
North Carolina Department of Transportation (NCDOT)
Federal Highway Administration (FHWA)
Federal Transit Administration (FTA)
Volpe National Transportation Systems Center (Volpe Center)
This report highlights key recommendations and noteworthy practices identified at the peer exchange on ?Developing Formal Asset Management Plans? held on February 5-6, 2014 in Columbia, South Carolina. This event was sponsored by the Transportation Planning Capacity Building (TPCB) Peer Program, which is jointly funded by the Federal Highway Administration (FHWA) and Federal Transit Administration (FTA).
Goals of the Peer Exchange
The South Carolina Department of Transportation?s (SCDOT) Office of Planning and Asset Management has been tasked with producing a risk-based transportation asset management plan (TAMP), as required by the Moving Ahead for Progress in the 21st Century Act (MAP-21). The primary goal of this peer exchange was to build the capacity of SCDOT staff to implement a formal asset management process by drawing upon the experiences of the three peer State DOTs.
Through this peer exchange SCDOT staff sought to gain a better understanding of the following:
- Coordinating the many disciplines involved in the asset management process, including finance, planning, engineering, and maintenance;
- Integrating several of the Federal- and State-required plans developed by SCDOT;
- Using asset management principles to make informed funding decisions that extend the service life of SCDOT?s highway assets; and
- Developing a formal TAMP that satisfies MAP-21 requirements and meets the unique needs of SCDOT.