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Asset management peer exchange features local, national leaders

August 24, 2017 by Brian Casey

2017 Peer Exchange Report
2017 Peer Exchange Report

On May 16 and 17, 2017, a peer exchange for local agencies on asset management was held in St. Cloud. The meeting focused on the needs and interests of small, rural cities and counties and was inspired by a similar peer exchange held last year for metro-area agencies. It provided an opportunity for participants to explore a variety of issues and challenges surrounding transportation-related asset management. A summary of the meeting is on the Minnesota LTAP website.

Attendees learned how small, rural agencies in Minnesota and across the United States are effectively and successfully implementing asset management of transportation-related infrastructure. Facilitated discussions and discovery activities focused on:

  • Hurdles or difficulties faced by small rural agencies in developing and implementing asset management
  • Potential strategies for overcoming these hurdles and difficulties
  • Resources that are available to assist agencies in successfully implementing asset management

Several of the presenters brought to light the fact that tools and technology are often unknowingly already available to agencies. Another presenter showcased the efficiencies, cost savings, and consistency in data gathering made possible by sharing staff between different agencies that could not afford a position on their own. These agencies were able to efficiently collect high-quality data on their assets at a fraction of the cost as a result of shared personnel resources.

The event was sponsored by the MnDOT Division of State Aid for Local Transportation and coordinated by the Center for Transportation Studies at the University of Minnesota with financial assistance from the Federal Highway Administration.

More resources:

  • Minnesota Local Agency Asset Management Peer Exchange
  • Consolidated Asset Management for Minnesota Local Agencies (LRRB TRS 1603, June 2016, 2.4 MB PDF)
  • Asset Management website, Minnesota Department of Transportation
  • Asset Management website, Federal Highway Administration

Filed Under: Latest News (Home Page), News Tagged With: Asset Management

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