The National Academies

NCHRP 19-12 [Final]

Guide for Financial Planning and Management in Support of Transportation Asset Management

  Project Data
Funds: $350,000
Research Agency: Spy Pond Partners
Principal Investigator: William Robert
Effective Date: 5/11/2016
Completion Date: 5/10/2018

The objective of this research was to produce a guidebook, written for executives, managers, and practitioners at DOTs and other agencies, on issues to consider and procedures that may be used in conducting financial analyses and developing financial plans that support efficient and effective management of the state’s transportation assets while meeting federal and other program requirements. The guidebook addresses fiscal and programmatic constraints associated with federal and state legislation; methodologies for valuing assets and forecasting and allocating financial resources; financial performance measures and targets; and practical concerns related to financial markets and accounting requirements. While DOT asset portfolios are weighted heavily toward highway facilities, the guidance is generally applicable to all public-sector transportation assets. The guidance was validated and refined to ensure it is practical, responsive to the needs and interests of agency officials and other potential users, and likely to be usable by DOTs and other agencies responsible for TAM.  The final products were NCHRP Research Report 898 and a spreadsheet tool that may assist guidance users; the spreadsheet is available on the AASHTO TAM Portal; click here.

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