Asset Management (AM) process is needed to ensure cost-effectiveness, in planning, delivery, operation and maintenance of large infrastructures or infrastructures network. Infrastructure AM generally focuses on the later stages of a facility’s life cycle, specifically maintenance, rehabilitation, and replacement. However, a process of efficient AM must define methods and tools for asset tracking, management of maintenance activity, determine the life cycle and replacement costs of the assets, assistance in determining funding strategies, optimizing capital investments in operation and maintenance, and help with the replacement of assets. Transportation Authorities are facing severe financial pressures that emphasize the need for developing risk-based AM plans and financial plans.
Currently, the procurement, design, construction, exploitation and public communication to the final users and society regarding to the land transport infrastructures are:
• Not multimodal, not cross-assets, but focused on individual assets.
• Not correctly linked, not being able to exchange information by different stakeholders.
• Lack of a common risk based approach and the implementation of resilient concepts throughout the whole life cycle
The project has established a common framework for governance, management and finance of transport infrastructure projects in order to ensure the best possible return from limited investment funds in transport infrastructures.
RAGTIME has developed, demonstrated and validated an innovative management approach and has laid out a whole system planning software platform, based on standard multiscale data models, able to facilitate a holistic management throughout the entire lifecycle of the infrastructure, providing an integrated view of risk based approach, implementing risk based models, resilient concepts and mitigation actions, with specific reference to climate change related threats perspective, and monitored with smart systems, in order to implement effective mitigation actions.
