| Title |
Infrastructure Asset Management Policy and Strategy Development |
| Authors |
Chin, Kyung-Ho ; Chae, Myung Jin ; Lee, Giu ; Lee, Kyo-Sun |
| Keywords |
AM ; FM ; LCC ; LOS ; SOC |
| Abstract |
Infrastructure asset management can be defined as the long term and cost effective management strategy to meet the required service level. In most developed countries, the major motivations of the introduction of asset management are increment in number of assets, extension of maintenance field, accounting approaches of public facilities, performance-based FM(Facility Management), limitations of public funds and public-private partnership, life cycle cost approach, and the development of information technology. This paper discusses the strategic and stepwise methods of introducing infrastructure asset management. Strategic approaches are suggested to develop the practical methods of condition and value assessment of assets, and long-term capital investment plan for optimized decision making(ODM). Required systematic processes are analyzed in terms of resource and technical limitations and detailed implementation plan for each development phases are suggested. |