Transportation Asset Management Program
Transportation Asset Management
CDOT's Asset Management Program develops and implements risk-based strategies to ensure the Department's limited funding is applied to the right assets at the right time.
FHWA defines asset management as “a strategic and systematic process of operating, maintaining, and improving physical assets, with a focus on engineering and economic analysis based upon quality information, to identify a structured sequence of maintenance, preservation, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair over the lifecycle of the assets at minimum practicable cost.”
The asset programs managed by CDOT include pavement (surface treatment), bridges, maintenance levels of service, buildings, Intelligent Transportation Systems (ITS), road equipment, culverts, geohazards, tunnels, traffic signals, walls and rest areas.
Transportation Asset Management Plan
Federal legislation requires CDOT and other state transportation departments to develop risk-based asset management plans for pavement and bridges on the National Highway System (NHS). The plans are designed to improve or preserve assets on our highways. States that do not develop and implement a plan will see their federal transportation funding restricted.
CDOT’s Transportation Asset Management Plan (TAMP) of 2022 has been found by the Federal Highway Administration to meet minimum requirements in 23 CFR 515.13(b)(1).
Plan Elements
The plan includes an 11-page executive summary that quickly describes asset inventories, performance, goals, risks and funding needs. The body of the plan includes these required elements:
- A summary of National Highway System (NHS) bridge and pavement assets and condition in Colorado, regardless of ownership.
- Asset management objectives.
- A risk-mitigation plan.
- Performance gaps.
- A life-cycle plan for pavement and bridges.
- Investment strategies.
- A financial plan for pavement and bridges.
Asset plans for the 10 assets besides pavement and bridges can be found in the plan appendices, along with key asset-management program documents.
