Transportation Asset Management Publication in the TAC Bookstore

The Transportation Association of Canada (TAC) has released Synthesis of Transportation Asset Management Best Practices for Canada (2016) in the TAC Bookstore.

This synthesis, offered at $109 for TAC members and $149 for non-members (order code PTM-STAMBP-E), is based on information obtained by:

• an extensive literature review;
• a targeted survey of transportation agencies across Canada;
• follow-up telephone and face-to-face interviews; and
• interviews and discussions with asset management experts including technical staff representing private sector, municipal, provincial and federal agencies and not-for-profit industry groups across Canada.

The report is organized according to the International Standard Organization (ISO) 55000 asset management standard, with each chapter, and all sections within the chapters, following the ISO 55000 asset management system elements. Each section of the document includes the following three sub-sections:

• International Practice: A summary of the ISO 55000 Asset Management System element;
• Canadian Practice Summary: A description of Canadian practice related to the ISO 55000 Asset Management System element; and
• Highlight of Canadian Best Practice: Examples or reference to Canadian agency practice related to the ISO 55000 Asset Management System element.

There is a strong movement in Canada for agencies to integrate investment planning and programming and move away from traditional silo-based infrastructure management systems into one comprehensive system. Agencies are moving toward systems that track asset performance from construction to retirement and use life cycle cost to make whole life maintenance and rehabilitation investment decisions. These systems report on achievements in maintaining and improving asset condition as measured by key performance measures. This synthesis can be used to help agencies to develop an asset management plan, as well as to identify gaps and deficiencies for continued improvement.

The publication is available in both print and e-book formats.