Modifying Local Agency Pavement Management System to Support Governmental Accounting Standards Board 34 Requirements

2003 ◽  
Vol 1819 (1) ◽  
pp. 15-23 ◽  
Author(s):  
Shameem A. Dewan ◽  
Roger E. Smith
Keyword(s):  
Asset Management ◽  
Management System ◽  
Accounting Standards ◽  
Pavement Management ◽  
Pavement Management System ◽  
Local Agency ◽  
Governmental Accounting ◽  
Reporting Requirements ◽  
Asset Management System ◽  
Governmental Accounting Standards Board

The Metropolitan Transportation Commission pavement management system (MTC PMS) has been used by many cities and counties in the United States for more than 15 years. MTC PMS was evaluated to determine the extent to which the software can support the Governmental Accounting Standards Board (GASB) 34 reporting requirements, established in 1999. A local agency PMS can take information from a pavement network database to produce useful reports, which can be utilized jointly with the information from other assets managed by an agency to support the requirements for a comprehensive asset management system and other reporting requirements. The objective of this study was to elaborate GASB 34 requirements for reporting infrastructure assets, examine the capabilities of MTC PMS in supporting those standard requirements, and recommend any modifications of MTC PMS needed to better support GASB 34. It is evident from the study that MTC PMS has the capability, to some extent, of supporting GASB 34 for reporting on a pavement network according to both the GASB 34 reporting methods: the depreciation method and the modified approach. It partially supports the prerequisites for using the modified approach, which require that the managing agency have an asset management system with certain designated characteristics. Some modifications of MTC PMS software were proposed to make this management system more effective as a tool supporting an asset management system and overall GASB 34 requirements.

Creating Asset Management Reports from a Local Agency Pavement Management System

2003 ◽  
Vol 1853 (1) ◽  
pp. 13-20
Author(s):  
Shameem A. Dewan ◽  
Roger E. Smith
Keyword(s):  
Asset Management ◽  
Management System ◽  
Pavement Management ◽  
Bridge Management ◽  
Pavement Management System ◽  
Bridge Management System ◽  
Local Agency ◽  
Essential Component ◽  
Asset Management System ◽  
Local Agencies

Reporting assets is an essential component of an asset management system. While asset management covers management of the whole range of assets an agency owns, several types of reports need to be produced depending on the types of assets and the purpose of reporting. These reports are used to convince lawmakers and taxpayers to allocate funds needed to keep the assets in a desirable condition. Reports produced from an individual management system, such as a pavement management system (PMS), a bridge management system, or a sewer management system, can be combined to support reporting on all assets combined. A study was conducted to demonstrate the production of asset management reports by using a local agency PMS. The study was conducted by using the Metropolitan Transportation Commission PMS, which is used by many local agencies to support managing pavement networks of cities and counties. It is evident from the study that several useful reports supporting an overall asset management system can be created by using this PMS.

scholarly journals OPTIMIZATION METHODS OF THE PAVEMENT MANAGEMENT SYSTEM OF BUDAPEST

2019 ◽  
Vol 25 (8) ◽  
pp. 798-804
Author(s):  
Kornel Almassy ◽  
Gábor Pusztai ◽  
László Gáspár ◽  
János Lógó
Keyword(s):  
Decision Making ◽  
Asset Management ◽  
Management System ◽  
Road Network ◽  
Optimization Methods ◽  
Pavement Management ◽  
Optimization Process ◽  
Accurate Information ◽  
Multi Criteria Decision Making ◽  
Pavement Management System

A modern Pavement Management System (PMS) should be essential for maintenance a metropolitan urban road network. Municipality of Budapest has developed own management system for their road pavement operation. To an efficient outcome the newest methods are used for the data collecting with the most innovated geo-informatics solutions, which are help us in our multi criteria decision making process. We present a degradation model which useful for the prediction of the roughness, yielding surface condition of the pavement in the future. After the whole data evaluation we give accurate information about the general characterization of the permanent road network conditions. Our paper shows that in all modern asset management system based on multi criteria decision making processes, which contain single or multi objective optimization methods. The PMS based on the available-technical and financial data and its optimization process provides a pavement renovation offer for each road in Budapest transportation network and finally the paper presents how can we ranking the invention list from our optimization process.

Study of Utilizing the Asset Management System into Asphalt Pavement Maintenance of Freeway

2013 ◽  
Vol 723 ◽  
pp. 893-900
Author(s):  
Po Hsun Sung ◽  
Jyh Dong Lin ◽  
Shun Hsing Chen ◽  
Yung Lin Chen ◽  
Andrew Yang
Keyword(s):  
Asset Management ◽  
Management System ◽  
Asphalt Pavement ◽  
Service Level ◽  
Pavement Management ◽  
Important Work ◽  
Pavement Maintenance ◽  
Management Method ◽  
Asset Management System ◽  
The Cost

Asset management is a method that transferred the assets into cost to management. The main object is that to calculate the value of assets and assess the benefit of investment. When utilized the asset management method on freeway pavement management, it must been founded on assets inventory and historic maintenance. To calculate all the cost of assets could list the value of all the assets. The most important work of asset management was assessing the assets. All the assets were analyzed the survival life of all the assets and find out period of the depreciation in the study. It is 8.9 years that the period between newly construction and first maintenance. It is 4.5 years that the period between maintenances. The assess model was set by the two periods. The results cross by the assess model was that the assets service level was great.

Asset Inspection Management System as a Reliable Inspection/ Monitoring Tool

2020 ◽  
Vol 78 (12) ◽  
pp. 1276-1285
Author(s):  
Shibu John A
Keyword(s):  
Asset Management ◽  
Management System ◽  
Balance Sheet ◽  
Integrity Assessment ◽  
Material Evaluation ◽  
The People ◽  
Physical Assets ◽  
Asset Management System ◽  
On Time Delivery ◽  
Capital Intensive

Enterprise asset management (EAM) systems are used by asset owners and/or operators to manage the maintenance of their physical assets. These assets, including equipment, facilities, vehicles, and infrastructure, need maintenance to sustain their operations. An EAM system provides the means to have less unplanned downtime and extended asset longevity, which offers clear business benefits that improve the profit and loss statement and balance sheet. Particularly for capital-intensive industries, like drilling and exploration, the failure of on-time delivery of critical equipment or processes is disruptive and costs nonproductive time and customer satisfaction. Organizations understand these issues and employ an appropriate asset management system to engineer their asset maintenance and management. An EAM system is needed to manage the people, assets/equipment, and processes. EAMs are used to plan, optimize, execute, and track the needed maintenance activities with associated priorities, skills, materials, tools, and information. Similarly, nondestructive testing (NDT) is used as a tool for integrity assessment of assets in drilling and exploration. The main advantage of using NDT is that the item’s intended use or serviceability is not affected. The selection of a specific technique should be based on knowledge and skills that include design, material processing, and material evaluation. Validating the purpose of this paper, we emphasize the importance of optimizing the asset utilization and serviceability to enhance overall efficiency by integrating EAM software that manages assets, the operation management system (OMS) controlling the processes, and asset inspection management systems (AIMSs).

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