Infrastructure asset management is an approach that, by combining engineering principles with sound business practice and economic rationale, identifies the optimal allocation of resources for the creation, acquisition, maintenance, operation, rehabilitation, enhancement and disposal of assets in order to meet the needs of current and future customers.
It is widely accepted as a means to deliver efficient and effective management of infrastructure assets through long-term planning and by ensuring that standards are defined and achievable both for current and future budgets. The ability to facilitate a greater understanding of the contribution which infrastructure assets make to economic growth and the needs of communities is especially important within a constrained funding regime and competing needs, as is the ability to make a case for funding and to demonstrate the best value for money.
When properly undertaken asset management provides evidence, in the form of controlled and systematic processes, to demonstrate legal, regulatory and statutory compliance. It should result in improved risk management and a clear audit trail for the appropriateness of decisions taken along with their associated risks.
The Asset Management Panel identifies opportunities and promotes best asset management practice for the Highways and Transportation industry. The role of the Panel is to:
It does this through:
If you would like more details on the work of the Panel please contact the Secretary on t: +44 (0)20 7336 1564 or e: email@example.com
To view CIHT Reports, documents and factsheets follow the link
To view CIHT Policy Statements follow the link
To view the slides from past CIHT events follow the link
How to create a resilient transport network 2016 - Synopsis of the presentations and summary of the answers to the workshop questions How to create a resilient transport network
BIM for Whole Life Asset Management - 2015
South East - Highways Maintenance Seminar - 2015
Implementing Asset Management Seminar - 2014
The below sets out useful documents and websites the Asset Management Panel consider important asset management information across the whole sector that is useful for CIHT membership to be aware of and to consider.
The importance of road maintenance – World Road Association - 2014
Highways – Maintaining a Vital Asset – published under HMEP/UKRLG
HMEP Lifecycle Planning Toolkit – 1st published Nov 2012
Highway Infrastructure Asset Management - HMEP/UKRLG – 2013
Codes of Practice - UKRLG
HMEP e-learning toolkit
HMEP drainage asset management guidance
DfT Transport Resilience review 2014
Highways Maintenance Efficiency Programme
CIPFA - The Highways Asset Management Planning Network
The Institute of Asset Management (IAM)
British Standards Institution (BSI)
Highways Term Maintenance Association (HTMA)