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Asset Management: Building a Foundation for Smart Decisions


Cities all over the country are faced with the on-going issue of an aging infrastructure and limited resources. The City of Fort Worth is no different. In an effort to better understand and manage their infrastructure the City has invested in asset management collecting information about their assets to make data driven decisions and plan improvements for the future.
Asset Management is not a new trend. The Institute of Asset Management defines Asset Management as an organizations ability to realize value from its assets. They have developed a knowledge base and set of best practices to help organizations make decisions on the acquisition, maintenance, operation, rehabilitation and disposal of assets. For obvious reasons, it is important to understand what asset the City owns. How can you manage something if it is unclear what you are managing? Developing an asset repository is the foundation for building a good Asset Management Program. The City of Fort Worth – Transportation and Public Works Department (FW-TPW)embarked on developing their asset repository in 2006. Over the last 14 years, the City has invested in 4 inventory projects to collect location and condition information on assets like pavement, pavement markings, curb and gutter, street lights, signs, traffic signals, rail road crossings, parking meters, storm drains, pipes and channels. In total, FW-TPW tracks over 35 asset types and is approaching a million assets with over almost 25 million data points. These assets are tracked using Geographic Information System (GIS) software. It is an on-going process of adding new assets, retiring assets and maintaining information on existing assets.The proven technologies, paired with emerging low- or zero-carbon innovations like hydrogen-blending, will lead to significant greenhouse gas emissions throughout the country