Asset Management Manual
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3.4.2 Why should works programs be prepared?

The main goals of the works programming process include the following (Austroads 2002 and UKRLG and HMEP 2013):

  • Develop an effective and efficient works program aligned with the adopted asset management approach and deliver the service
  • Identify a list of candidate projects to close the existing performance gaps
  • Define and broadly estimate the costs of candidate projects
  • Prioritize and optimize the projects comprising the works program to comply with existent resource constraints
  • Monitor works to ensure their consistency with the chosen approach to asset management

Program effectiveness is measured in terms of the program’s contribution to achieving asset management policy and strategic goals, attaining performance targets defined by the road organization and meeting the expectations of stakeholders. The efficiency of programs is determined as a function of the benefits generated (user cost savings, improved road safety, congestion reduction, and so on) per investment unit.

Works programs and the associated performance measures and targets, when made publicly available, also provide means for increasing the accountability and transparency of the agency operations.

Ultimately, the goal of works programming in asset management is to deploy, maintain, and operate assets in a manner that maximizes the accomplishment of the organization’s mission (FHWA Transportation Asset Management Expert Task Group 2013).

 

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