KNE556-Road Asset Management
Research information from one or two road agencies (this can be state road agencies or local councils or both) in respect of the financial sustainability indicators used by the agency(s). Note the indicators used and whether you see an opportunity to improve the type of indicators used. Discuss the financial health of the agency(s) based on the trends for their indicators.
a)Select a road infrastructure service or services (this can be from an actual or hypothetical organisation) and identify and discuss the factors that may impact on the demand for a change in the level of service(s). Discuss the demand forecasting techniques applicable to assessing the future demand for this service. What forecasting risks are relevant? Discuss options to manage this demand.
b)Discuss the “whole of life” approach to asset management as it applies to a selected road asset. Describe the asset and then compare and quantify a summary of the scale of the typical lifecycle costs associated with this asset. (refer to figure 8.1 in the Unit Guide for direction). This analysis can use real or hypothetical data.
This question considers risk assessment and management.
For a road infrastructure service you are familiar with or research;
a.Discuss the steps involved in identifying the risks that might be faced in managing this asset.
b.Describe how you would analysis these risks.
c.Determine a risk rating for an event impacting on this asset. Record the process you used to determine the risk rating.
d.Discuss the options to manage this risk.
You can either develop a hypothetical asset example or use information sourced from a road agency
Consider a typical road infrastructure service (this can be hypothetical or real from research).
Provide a brief description of the service delivery provided by this asset or network.
Describe the scope of data collected (or should be collected) for this service. Discuss the issues that were or should be considered in determining the scope and data collection method including an analysis of the most effective and efficient method for the collection of the data needed for the management of this service.
Describe the condition assessment data collected for this service. (You may propose how you would establish a condition assessment process for this asset).
Comment on the appropriateness of the grading system used (or proposed) and the techniques and methodology used.
Discuss some of the challenges faced in the collection, management and storage of the data system you have reviewed above.
Discuss how program development and implementation can be applied by a road agency.
Discuss the role of investment planning and evaluation in road asset management.
Discuss the difference between prioritisation and optimisation. Discuss the role of an asset prioritisation and optimisation framework including the approaches to optimisation and optimisation techniques.