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Tag: Infrastructure (Economics)--Management
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  • Asset Condition and Probability of Failure Assessment–A Vision for Civil Works: A Document to Guide Collaboration and Innovation for the US Army Corps of Engineers Civil Works Asset Management System

    Abstract: The US Army Corps of Engineers (USACE) is rapidly improving its asset management system through a variety of research projects and other work efforts that focus on how risk, condition, and probability of failure are conceived, communicated, and used for decision-making across the agency. As these projects move forward, it is critical that USACE defines a long-term vision for condition and probability of failure assessments across the entire asset management system. This Special Report defines that vision with the goal of achieving consensus and buy-in from a variety of participants that will need to buy-in to achieve success. An additional benefit to identifying an end vision for this work is to identify collaborative opportunities and any gaps that must be addressed to achieve it.
  • Toward Objectives and Metrics for Supporting US Army Corps of Engineers Civil Works Asset Management Decision-Making Tradeoffs

    Abstract: The United States Army Corps of Engineers (USACE) is responsible for the maintenance, repair, and replacement of $250 billion worth of assets. As budgets shrink and infrastructure becomes increasingly costly to maintain, USACE Civil Works (CW) must develop innovative asset management (AM) strategies to sustain these assets while also delivering maximum value to USACE and the nation. As a result, USACE-CW AM is seeking metrics capable of demonstrating the benefit of maintenance, repair, and replacement project alternatives for all USACE business lines (BLs) to support budget decision-making. This report presents 10 objectives and 51 metrics for potential use in a future USACE-CW value model. This report describes the structure and function of USACE-CW as it relates to the budget decision-making process. Next, past attempts at revising the budget decision-making process are reviewed, and the current budget framework is examined. Last, 10 objectives and 51 associated metrics are presented that represent the mission of USACE-CW and measure the attainment of this mission. Collectively, this information can support budget decision-making by helping facilitate portfolio decision analytics, resulting in a defensible decision-making process and yielding high-value budget decisions.