Access the Asset Management Resources availableTo find out more and to access the full range of HMEP asset management efficiency resources just click on one of the links, below:
1. Highway Infrastructure Asset Management Guidance
2. Guidance on the Management of Highways Drainage Assets
3. Lifecycle Planning Toolkit, incorporating default carriageway deterioration models
4. The Potholes Review
5. The Asset Management E-Learning Toolkit
About Asset ManagementManaging our highways is a critical challenge to local highway authorities, which have to manage an ageing network with high public expectations while at the same time; resources are reducing, less funding is available, and there is increased pressure for other local government services.
Asset management promotes a business-like way to managing highways which involves taking a long-term view of your assets in a structured way that gives the confidence to decision makers to take current and future planned maintenance decisions.
Overall, it helps LHAs make the best use of limited resources now and in the future by:
- Focusing on outcomes that help to prioritise future funding decisions
- Reducing inefficient and expensive short-term repairs, which allow more defects to develop and is more costly in the longer term. Research show that reactive repairs are four times more costly than preventative treatments
- Helping to make the best use of public money
- Providing a clear evidence base to justify the need for future or new investment in highways management, for example through prudential borrowing
Why Asset Management is neededHighways are your council’s most valuable asset. They are vital to the economic, social and environmental well-being of your area - asset management provides an established and coherent approach to managing your asset over the long term. It allows highway managers to make the case for highway investment and in doing so supports decision-makers in reconciling short-term pressures and long-term priorities.
Where it has been adopted for highways, savings of at least 5% on budget have been reported. Where asset management is more advanced it has produced savings of up to 15%.
Overall, organisations that have adopted the principles of asset management can demonstrate benefits in terms of financial efficiencies and improved accountability, value for money and customer service.
Who should use Asset ManagementStrong leadership and commitment from Leaders, Councillors and Senior Officers is required in order to implement and embed the principles of asset management.
HMEP has prepared a leaflet for councillors and others to explain how asset management can help improve roads and highways.
Highways - Maintaining a vital asset - What should Councillors know about Asset Management (PDF, 4pages, 148KB)
Embedding asset management can empower and support Directors of Services, Assistant Directors, Heads of Service and Officers to plan and implement a successful highways strategy that is based on the right principles so that real results can be realised.
HMEP invites local highway authorities and their providers to connect and share their practices of ‘what works’ across the sector.
Connect with fellow professionals from across the highways sector and access real examples that can help ignite ideas.
Share your ‘real life’ efficiency practices, stories and experiences; to help other people, organisations and networks achieve greater efficiency.
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