Publications / 2018 Proceedings of the 35th ISARC, Berlin, Germany

Infrastructure Asset Management for Strategic Planning

Jeff Jurgens, Sean Casey, Jeffrey Clements and Jeong Woo
Pages 678-684 (2018 Proceedings of the 35th ISARC, Berlin, Germany, ISBN 978-3-00-060855-1, ISSN 2413-5844)
Abstract:

The inventory of deteriorating infrastructure is increasing, and government resources are contracting inversely. The added expenditures of "emergency" repairs caused by asset mismanagement is too expensive and untenable. In response to the funding shortfall for transportation projects throughout Wisconsin, the Wisconsin Department of Transportation (WisDOT) needs to develop a strategic level asset management analysis tool for strategic planning. Infrastructure Asset Management (IAM) is a cohesive process that integrates data storage, software systems and analytical methods for strategic planning. The purpose of this paper is to analyze how the WisDOT currently manages their infrastructure assets and demonstrate how IAM technologies could improve efficiency and cost savings. Interviews were conducted with WisDOT staff on multiple occasions to ascertain current methods of asset management and project planning. Case study research and comparisons of successful asset management by other progressive state agencies were utilized to formulate the results. It was determined that the only instrument that can effectively realize long term performance, dependability in financial assessment, and prevent an unanticipated inflow of repair work is an Infrastructure Asset Management (IAM) system.

Keywords: Infrastructure, Asset, Management, Information, Technology,