Enhancing Your Transit Asset Management Program with Lifecycle Management

Transit asset management represents a strategic approach to managing transit assets. This virtual course aims to instruct participants on how to implement this approach within their agency and is intended for those familiar with the general principles of asset management and their agency’s asset management practices. It focuses on an agency’s business processes for resource allocation and utilization with the objective of better decision-making based upon quality information and well-defined objectives. The “Enhancing your Transit Asset Management (TAM) Program with Lifecycle Management” course aims to help transit agency staff mature their TAM programs by going beyond the minimum TAM rule (49 C.F.R 625) requirements and incorporating lifecycle analysis to manage risk, minimize costs, and maximize the performance of assets. Course participants will learn effective practices for incorporating lifecycle management into their TAM programs and will apply their knowledge of TAM and lifecycle management in various activities to reinforce their learning.