This synthesis of practices is based on information obtained
by an extensive literature review, a targeted survey of transportation agencies
across Canada, follow-up telephone and face-to-face interviews, and interviews
and discussions with asset management experts including technical staff
representing private sector, municipal, provincial and federal agencies and
not-for-profit industry groups across Canada. The report is organized according
to the International Standard Organization (ISO) 55000 asset management
standard, with each chapter, and all sections within the chapters, following
the ISO 55000 asset management system elements. Each section of the document
includes the following three sub-sections:
·
International Practice: A summary of the ISO
55000 Asset Management System element;
·
Canadian Practice Summary: A description of
Canadian practice related to the ISO 55000 Asset Management System element; and
·
Highlight of Canadian Best Practice: Examples or
reference to Canadian agency practice related to the ISO 55000 Asset Management
System element.
There is a strong movement in Canada for agencies to
integrate investment planning and programming and move away from traditional
silo-based infrastructure management systems into one comprehensive system.
Agencies are moving toward systems that track asset performance from
construction to retirement and use life cycle cost to make whole life
maintenance and rehabilitation investment decisions. These systems report on
achievements in maintaining and improving asset condition as measured by key
performance measures. This synthesis can be used to help agencies to develop an
asset management plan, as well as to identify gaps and deficiencies for
continued improvement.