Asset Class Tiers / Utah DOT
To accomplish the objective of allocating transportation funding toward the most valuable assets and those with the highest risk to system operation, UDOT developed a tiered system of asset management. Asset Management tiers range from one to three with tier one being the most extensive management plan for the highest value assets.
Tier 1. Performance-based management
- Accurate and sophisticated data collection
- Targets and measures set and tracked
- Predictive modeling and risk analysis
- Dedicated funding
Tier 2. Condition-based management
- Accurate data collection
- Condition targets
- Risk assessment primarily based on asset failure
Tier 3. Reactive management
- Risk assessment primarily based on asset failure
- General condition analysis
- Repair or replace when damaged
Source: Utah DOT. 2018. Utah TAMP. https://www.tamptemplate.org/tamp/053_utahdot/
Read more in the chapter: 2.3.2 Defining and Prioritizing Improvement in TAM Approaches