What is transit asset management?
What is a transit asset management plan?
The 2012 Asset Management Guide specifies that in general, an asset management plan outlines the activities that will be implemented and resources applied to address the asset management policy and strategy. For many transit agencies, the plan will address the activities and changes to be implemented to increase the maturity of asset management practice.
Primarily, asset management plans have two major components:
- Enterprise-wide implementation actions that provide enabling support and direction for asset management across all asset classes and services.
- Direction and expectations for asset class owners and department managers regarding lifecycle management planning and processes—with a focus on the lifecycle management plans (see later in this section).
Plans should outline how people, processes, and tools come together to address the asset management policy and goals. They also provide accountability and visibility for increasing the maturity of asset management practices, and can be used to support planning and budgeting activities, communicating to internal and external stakeholders, and as an accountability mechanism.
What is the purpose of the FTA Rulemaking?
Where should I start?
- Checklist 1: Am I a tier I or tier II agency? is to be used to determine whether a transit agency is tier I or tier II and includes definitions from the rule.
- Checklist 2: This one has two parts, both related to TAM group plans. The checklists will assist agencies in understanding their role and expectations related to group plans, and the associated implications. The checklists also include relevant definitions.
- Checklist 3: Am I in compliance with the TAM Rulemaking? should be completed after the first two, and covers more detail for determining overall compliance with the rulemaking. It includes resources for getting more information.