Adopt industry best practices across the bureau. Make it easier to understand the connection between asset management decisions, work functions, and infrastructure outcomes. Better coordinate transportation investment across the city and region.
- Build a broad bureau-wide conversation to advance a sustainable reinvestment practice throughout our work.
- Empower PBOT staff to incorporate an asset’s complete life-cycle cost into planning and finance in order to support reliable, sustainable, and resilient performance.
- Enhance alignment within the bureau and with external partners to make sure that when any transportation asset is impacted by a utility, it is restored at least to good condition.
- Maintain assets in a proactive and predictive manner to reduce costs, decrease asset failure, improve resource planning, and enhance customer service.
Indicators and Sample Measures
- Return on Investment
a. Cost avoidance and savings from improved asset management practice
b. Reduction in the rate of asset failure
c. Asset condition ratings after work by utilities and other third parties
d. Percent of maintenance work orders that are predictive or preventative rather than reactive