6.2.2.2
Maintaining Condition Information
Asset condition and performance information must also be updated on a regular cycle. In some cases, data collection cycles are mandated by regulations, such as federal requirements for reporting pavement and bridge condition information on the National Highway System. Where there are no requirements in place for condition reporting, the update frequency should be determined based on the resources available, how the asset is managed and the data analysis cycle. Different update frequencies may be established for different types of assets.
Asset condition information may be collected based on a regular interval schedule or an inspection may be triggered based on the asset’s condition. For example, an asset in poor condition may require inspection more frequently than an asset in good condition. In general, asset information is updated on a 2- to 4-year cycle, but in some cases asset data is collected more frequently. For instance, some agencies collect performance data on maintenance assets several times a year to ensure they are in good working order and performing as expected. The condition of other assets with a slower rate of deterioration may be conducted less frequently.