The California TAMP describes the vision for how good asset management will help to deliver broad transportation goals and fundamental objectives supported by information on current asset conditions, the desired conditions in the future, and the likely conditions given future funding scenarios.The TAMP is also a key requirement of California law and of Federal regulations. California law (Senate Bill 486) requires Caltrans to develop an asset management plan for the State Highway System, as determined by the California Transportation Commission. Federal regulations (23 CFR 515) require an asset management plan for pavements and bridges on the National Highway System, including those owned by Caltrans and other federal, state and local agencies. This document is intended to meet both sets of requirements.
This document includes the following sections:
Asset Valuation, Current Methods and Tools, Financial Plan, Introduction, Inventory and Condition, Investment Strategies, Lifecycle Management, Objectives and Measures, Performance Assessment, Process Improvements, Regulatory and Legislative Requirements, Risk Management.
This document meets the following additional criteria:
• Asset valuation included • Defines linkages to other planning & programming documents • Future cost/performance projections are based on management system analysis (e.g. HERS, dTIMS) • Includes a review of agency roles and responsibilities for TAM • Includes cost projections for meeting performance or LOS targets • Includes estimates of future maintenance costs • Includes estimates of future rehabilitation, replacement, reconstruction, and/or renewal costs • Includes formal risk assessment results such as a risk register • Includes future projected asset condition • Includes strategies for multiple funding scenarios • Includes substantive list of process, data, and/or systems improvement actions • Performance/LOS targets are linked to agency goals/objectives • Risk assessment results incorporated into investment strategies.
The modal scope of this document is: Highway Only
The asset scope of this document is: Highway Assets
, Includes other highway assets
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