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Asset Management Manual
A guide for practitioners!
Asset valuation may be required to support the financial reporting requirements of an organization. It also provides the opportunity to describe the importance of the road asset and investment in that asset in financial terms. This will provide senior decision makers with appropriate information to understand the financial implications of their decisions. It will also provide the opportunity for presenting the case for the development of more cost-effective maintenance and replacement programs that will maintain the value of the transportation asset (PIARC 2008-a). The benefits of adopting this approach include the following: