Creating an Asset Management Policy / Colorado DOT
In 2015, the Colorado Department of Transportation (CDOT) updated Policy Directive 14 (PD 14.0) “Policy Guiding Statewide Plan Development” to reinforce the importance of TAM in the transportation budget allocation process. It includes the following objectives:
- Infrastructure Condition – Preserve the transportation infrastructure condition to ensure safety and mobility at a least life cycle cost
- Maintenance – Annually maintain CDOT’s roadways and facilities to minimize the need for replacement and rehabilitation
Embedded in this policy are target-setting requirements that the Transportation Commission requested. A performance tracking mechanism is tied to this policy directive. This performance management focus is reinforced annually in a PD14 workshop hosted by the Transportation Commission where the most recent performance results are presented.
Source: Colorado DOT Scorecard, 2017.
Read more in the chapter: 2.1.2 Creating a TAM Policy