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    STP1586

    Asset Management of Transportation Project at Planning Level

    Published: 2014


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    Abstract

    The Wisconsin Department of Transportation (WisDOT) successfully conducted a value planning study to manage the asset value of proposed improvements for a corridor project. The proposed work included reconstruction of the existing road section, addition of several miles of a third lane to carry peak traffic, and bridge reconstruction to accommodate the widened roadway. The study used the following standards as a guide in managing the asset: ASTM E1699-13, ASTM E2013-12, and ASTM E917-05. Using the aforementioned ASTM standards, this study addressed the asset management requirements of the Federal Highway Administration (FHWA). Most of the bridges in this corridor will be rehabilitated instead of reconstructed; pavement reconstruction will be minimized. WisDOT accepted several value engineering recommendations and the estimated construction costs were reduced from $305 × 106 to $198 × 106.

    Keywords:

    asset management, function analysis, FAST diagram, value analysis, value engineering


    Author Information:

    Kasi, M.
    Chairman Emeritus, Alfred Benesch & Company, Chicago, IL

    Tyler, D.
    WisDOT Bureau of Project Development, Madison, WI

    Zacharias, A.
    Project Manager, Alfred Benesch & Company, Milwaukee, WI


    Committee/Subcommittee: E06.81

    DOI: 10.1520/STP158620140030