Title: Strategic asset management planning for major arterial road infrastructure
Abstract: The NSW Roads and Traffic Authority's (RTA's) existing arterial infrastructure is valued at A$47 billion. RTA's infrastructure assets include the Sydney Harbour Bridge, a major transport management centre and 20,927 km of road, bridge, tunnel, corridor and traffic facility assets. The RTA has been progressively evolving its strategic planning from the decentralised supply of recurrent asset maintenance to managing outcome-driven services and associated risks. This evolution has occurred over a 10-15 year period since the late 1990's. This paper shows that the RTA's current strategic asset management planning process: 1. balances across multiple outcomes; 2. manages trade-offs across service outcomes, risks, assets and areas of expertise; 3 includes and integrates both recurrent and capital maintenance; 4. builds on market research showing a mature sequential approach to managing risk; 5. manages uncertainty and risk by recognising qualitative dimensions; 6. defines program budgets to form the critical link between service outcomes and works; 7. complements governance arrangements for ensuring affordable standards and policies; 8. drives work on brownfields engineering standards; 9. transcends traditional debates on decentralised versus centralised authority; 10. integrates corporate, strategic, engineering and financial planning; 11. informs planning and budgetary processes in a transparent and accountable manner. (a) For the covering entry of this conference, please see ITRD abstract no. E220164.
Publication Year: 2010
Publication Date: 2010-10-01
Language: en
Type: article
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