Statewide Asset Management Plan

What is asset management and why is WSDOT fully embracing asset management practices?

Asset management is a strategic, risk-based (pdf 534 kb) approach to cost-effectively and efficiently manage the assets of Washington's transportation system. The Washington State Department of Transportation (WSDOT) maintains the state’s transportation system on a systematic basis. Experience shows that preserving and maintaining existing assets saves money in the future while maximizing the condition and performance across the transportation network.

Asset management planning is not a new concept to WSDOT. Pavement management planning has been in place since 1980. However, limited funds continue to present challenges to perform routine maintenance and preservation activities while our assets continue to age and deteriorate. Learning from our pavements experience, and directly supporting Practical Solutions, WSDOT is extending asset management best practices to all modes as part of our Statewide Transportation Asset Management Plan.

Asset management is a key component of Practical Solutions. Practical Solutions prioritizes innovative, timely, and cost-effective decisions to plan, build, operate, and maintain our transportation system. One of the primary management and communication tools is an asset management plan. Asset management plans are an improved approach and key management tool for WSDOT to make decisions about where and when to invest state and federal funds in the transportation system.    

 

News: WSDOT’s federally required Transportation Asset Management Plan (TAMP) (pdf 10.07 mb) development processes have been certified by Federal Highway Administration (FHWA).

 

What is an asset management plan and what is WSDOT’s Statewide Transportation Asset Management Plan (STAMP)?

What is an asset management plan?
An asset management plan is a document that communicates information about the performance and need of an asset from a network perspective. The plan is used as an improved approach and key management tool for WSDOT to make decisions about where and when to invest state and federal funds in the transportation system.

An asset management plan will often include the following information:

  • Asset inventory and the condition of the inventory
  • Lifecycle planning for the asset to maximize performance at the lowest possible cost
  • Performance measures and targets for the asset across the network
  • Analysis of whether or not performance measures and targets were met
  • A financial plan that aligns planned funding to funding necessary to achieve targets
  • Risk considerations that could impact the performance of the asset
  • Investment strategies of how to maintain the asset based on funding levels

For an example of an initial asset management plan, please see WSDOT’s asset management plan for bridge and pavements (pdf 10.07 mb).

What is the Statewide Transportation Asset Management Plan (STAMP)?
The STAMP is a comprehensive plan that incorporates and unifies all asset management plans across the agency under one master plan. Agency wide, all programs and modes are developing asset management plans to ensure assets such as ferry vessels, pavements, locomotives, bridges and information technology systems have a long, useful life cycle with a clearly defined course for achieving performance outcomes.

While WSDOT is federally required to create asset management plans for transit assets and pavement and bridge, WSDOT is committed to developing asset management plans for all assets. Developing plans across all asset types will take significant time and effort, but asset management plans from all major asset categories will eventually be developed and incorporated into the STAMP.
The four major asset categories identified in the STAMP include:

  • Highways
  • Ferries
  • Intra-Agency
  • Multimodal


WSDOT’s governance and executive support for asset management

Providing support for a statewide approach to asset management, the Secretary’s Executive Order (E 1098) (pdf 348 kb) provides direction on the development of a risk-based asset management process for WSDOT. It does this by:

  • Establishing the leadership group responsible for developing policy guidance,
  • Establishing common definitions related to asset management,
  • Establishing an organizational framework for asset management, and
  • Defining the agency's policy toward using risk-based asset management plans. 

Resources

Contact us

Todd Lamphere
Statewide Transportation Asset Management Program Manager 
Phone: 360-705-7140
Email: Todd.Lamphere@wsdot.wa.gov