ASSET MANAGEMENT#
Definition and Principles: "Asset Management (AM) is the systematic and coordinated activities and practices of an organization to optimally and sustainably deliver on its objectives through the cost-effective lifecycle management of assets. The infrastructure AM goal is to meet a required level of service, in the most cost-effective manner, through the management of assets for present and future customers.
AM principles include being service-focused and taking long-term, lifecycle and risk management approach to the management of assets. AM involves knowing current performance, predicting demand, optimizing value from infrastructure resources while balancing costs, risk, quality of service and performance for present and future generations."
(International Infrastructure Financial & Management Manuals)
STATE OF THE INFRASTRUCTURE
The PDT State of the Infrastructure describes the asset inventory, values, condition, remaining useful life, and 20-year lifecycle investment need. This section represents information that is a snapshot in time and will be adjusted on an annual basis.
2024 PDT State of the Infrastructure Report
Previous Years:
This is the estimated current value replacement cost for all transportation infrastructure.
The average asset condition reflects the overall condition state of the transportation infrastructure. It provides a benchmark for maintenance prioritization and helps in planning asset renewal or replacement strategies.
Investment need versus available funding based on the 20-year lifecycle to maintain current levels of service. (does not include sidewalks)
DOCUMENT MANAGEMENT
This is a centralized repository of primary documents for PDT infrastructure asset management.
The scope of this policy is to set guidelines for implementing consistent asset management processes and framework to strategically manage City of Fort Collins Planning Development and Transportation (“PDT”) infrastructure assets while delivering sustainable services, reducing risk, and providing value to our customers.
(Currently Being Developed) The Strategic Asset Management Plan (SAMP) is intended to utilize the AM Policy, align with established objectives based on the City's Strategic Plan and City Plan, and provide direction for department specific AM plans and programs of work.
Within the PDT asset categories the following are defined as high-priority assets and may require additional operations and maintenance to ensure a safe and reliable transportation network.
The bridges asset management plan is utilized as a starting point to support funding applications, review long-term financial strategies, ensure legislative requirements are being met, and document existing and proposed levels of service to delivery service objectives.
The railroad crossings asset management plan is utilized as a starting point to support funding applications, review long-term financial strategies, ensure legislative requirements are being met, and document existing and proposed levels of service to delivery service objectives.
The sidewalks and ramps asset management plan is utilized as a starting point to support funding applications, review long-term financial strategies, ensure legislative requirements are being met, and document existing and proposed levels of service to delivery service objectives.
PDT ASSET MANAGEMENT PROGRAM
This section is our "roadmap" identifying where we are in our journey of infrastructure asset management for the PDT departments. It identifies what we've completed, what we're working on, and items to be accomplished in upcoming years.
This identifies the current state for the infrastructure assets with regards to the PDT Asset Management Program.
This identifies what outcomes were accomplished in 2023 for the asset management program.
This identifies what outcomes were accomplished in 2024 for the asset management program.
This identifies what roadmap outcomes are being developed or reviewed for the current year.
- Green signifies the item is complete.
- Dark blue signifies the item is currently being addressed.
- Orange signifies priority areas.
- No color signifies the item has not started any process.
This is the planned roadmap for 2026 to continue improving the PDT Asset Management Program.
This is the planned roadmap for 2027 to continue improving the PDT Asset Management Program.