Evaluation of Near-Transportation Private Sector Asset Management Practices

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Project Number:         01-02

Research Project:       Evaluation of Near-Transportation Private Sector Asset Management Practices           

 

P.I. Name & Address:   Sue McNeil

                                    Urban Transportation Center

University of Illinois at Chicago

412 South Peoria St, Suite 340

Chicago Il 60607

312 996 9818

Fax: 312 413 0006

mcneil@uic.edu

 

Project Objective:     The proposed research will develop four to six case studies documenting asset management in transportation-like organizations. The transportation-like organizations are defined as those organizations with many characteristics in common with transportation agencies.  Building on previous and ongoing research, a template for developing the case studies will be developed, a prototype case study completed and documented, the template modified and the remaining case studies completed. On-site interviews, written materials including reports, and web-based resources will be used to develop a comprehensive picture of the role of asset management in the specific organization and to infer how in general the specific organization compares with the industry that it represents. Based on a synthesis of the case studies, lessons learned will be identified

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Project Abstract:        The transportation community can learn from the transportation asset management best practices of non-governmental near-transportation industries.  These companies have been applying asset management principles to their operations for years to increase profitability, better manage activities, and in order to plan for long-term growth.  Such activities are vital to the development of a governmental organization asset management policy as well.

 

Utilities, trucking companies, airlines, and manufacturing organizations have utilized asset management techniques and principles for some time. Many of these organizations face issues and have needs that are very similar to governmental transportation agencies. Utilities must maintain both the physical integrity and the service characteristics of complex linear facilities.  Trucking companies must maintain large fleets as well as physical plants.  Manufacturers have characteristics of both of the earlier examples. 

 

Task Descriptions:

Task 1. Review literature

Task 2. Develop template for case studies

Task 3. Prototype case study

Task 4. Select other case studies

Task 5. Revise the template for the case studies.

Task 6. Complete case studies

Task 7. Synthesis of case studies

 

Milestones, Dates: Project Start Date: 7/1/01, Final report by 3/31/02

 

Yearly Budget:           $75,820

Total Budget:             $75,820

 

Student Involvement:            1 Graduate Research Assistant, 9 months @ 50% Effort

 

Relationship to Other

Research Projects:          This project will relate to the findings of the national synthesis of transportation asset management activities(01-01).

 

Technology Transfer

Activities:                   Project report will be posted MRUTC website and distributed to organizations.  Preliminary results will be presented at the 4th National Transportation Asset Management Workshop in September 2001.

 

 

Potential Benefits

of the Project:             This project will present opportunities that states may use to implement transportation asset management.  It is expected that this research will produce both strategies for implementation and actual case studies. 

 

TRB Keywords:         Asset Management, Infrastructure, Maintenance Management, Strategic Planning,

 

Primary Subject:        Transportation Asset Management Activities

 

Modal Orientation:      All, primarily highways