Description:
Transit asset management represents a strategic approach to managing transit assets. This course helps participants understand business processes, resource allocation and resource utilization. Once these processes are defined, participants will learn how to make informed decisions about asset management based on quality information and well-defined objectives. The principles of asset management represent a framework that a transit asset management professional can adopt when looking at current procedures within their organization. This course provides an overview of key principles and best practices of transit asset management and its alignment with the regulations outlined in the FTA TAM rule (49 CFR 625).
Objectives:
By the end of this course, participants will be able to:
- Recognize the purpose and benefits of effective asset management
- Understand the Federal requirements around Transit Asset Management
- Describe what’s involved in developing an asset management policy
- Understand the elements in a compliant transit asset management plan
- Demonstrate how to organize an asset inventory
- Understand condition assessment and performance management for the TAM Plan
- Clarify ideas around managing asset information across the asset lifecycle
- Gather information about the technology, tools, and systems that can support agencies in managing asset information
- Explore decision-making strategies as it relates to asset management
- Identify resources for continuous learning in asset management
Audience:
This course is directed at junior- and mid-level managers of providers, who are involved in the day-to-day operation and use of transit assets including rolling stock, guideway, and facilities to perform their duties. The individuals attending this course could be in the operations, maintenance, facilities, infrastructure, capital projects, grants, planning and financial areas. The course may also be of interest to individuals from federal, state, and regional funding agencies, MPOs, and state and regional agencies involved in transit. Participants are encouraged review the following resources before taking this course: