Road Investment Decision

Framework

Neil Robertson
PIARC ISOHDM Project Coordinator

Road Investment Decision Framework

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 Investment Decision Framework
• Road system is an important economic asset
• Assets require sustainable business management
• Investment decisions will consider future performance of
the investment
• Performance:
• of the infrastructure (physical & economic)
• of the vehicle fleet
• effect (benefits) to road users
• value for money
• Costs and benefits:
• to the agency
• to the road users
• effective decision making requires a network of knowledge
and decision support skills

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 Road Management Cycle
Policy Research Planning
Policies

Highway Classification
Performance and Standards
Monitoring Management Information
•Inventory
•Condition
•Resources
•Treatments
•Productivity
Implementation •Unit Costs Needs
•Economic parameters Assessment

Programming
Finance and
Operations Resources Project Preparation
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 Investment Information

• Identifying deficiencies in the road system

• Predicting future trends in deficiencies
• Developing strategic plans and policies
• developing forward plans for improvement
and upkeep works
• Programming works into budget years

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 Investment Information

• Conducting appraisals of project proposals

• Predicting impact and consequences of
investment options
• Researching local road transportation
needs
• Researching future impacts of operational
or technological options

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 Road Asset Management System
• Serves these investment information
requirements
• consists of many information components
• road network
• vehicle fleet and traffic
• policies and standards
• system deficiencies
• financial
• works programs
• works performance, asset performance
• includes an investment decision support
capability

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Road Asset Management System

Long Term
Road Strategic
Inventory Road Plan

Road Multi -Year

Condition Work
HDM4
Program
Traffic
Data Detailed
Bridges Project Level
Inventory Appraisal
ROAD ASSET ROAD
DATABASE INVESTMENT
Bridges Policies
DECISION
Condition Standards
SUPPORT TOOLS
Research
INPUTS OUTPUTS

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 Road Asset Management System
Road Asset Data Decision Support Tools Reporting Tools Investment Studies

location reference
inventory Asset reports
• tabular
condition • distance charts
traffic • time charts Policy
• summary graphs studies
• maps
financial data Strategic Network
analysis Investment strategies
geospatial data Policy research Analysis reports Research
• summary Studies
• detail
• graphical
Access

planning data Works Works

• map-based
Data

network policies programs

Programming
works standards
Custom queries
Project Project
model default data Evaluation evaluations
model calibration Performance
reports
• asset state Asset
Network • financial performance
investment Performance • user impact feedback
study results Analysis • value for money
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 Road Asset Management System
The decision support system should:
• support Planning, Programming, Preparation
and Policy Research functions
• present relevant, reliable, up to date information
• predict future impacts on the transport system
and its users
• compare competing investment or policy
choices
• consider both the infrastructure and the
community

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 Road Asset Management System
The decision support system should:
• allow for new work, maintenance and upgrading
• provide a reliable calibrated modeling capability
• assess investment impacts over life cycles
• provide monetary and non-monetary measures
of investment effectiveness
• prioritise investment candidates
• identify optimum choices between alternative
investments

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 HDM-4 in the Decision Framework
Road Asset Data Decision Support Tools Reporting Tools Investment Studies

location reference
inventory Asset reports
• tabular
condition • distance charts
traffic • time charts Policy
• summary graphs studies
• maps
financial data Strategic Network
analysis Investment strategies
geospatial data Policy research Analysis reports Research
• summary Studies
• detail
• graphical
Access

planning data Works Works

• map-based
Data

network policies programs

Programming
works standards
Custom queries
Project Project
model default data Evaluation evaluations
model calibration Performance
reports
• asset state Asset
Network • financial performance
investment Performance • user impact feedback
study results Analysis • value for money
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 Integrating HDM-4 into Road
Management Systems
• Data links to the Road Asset Database
• Vehicle fleet characteristics
• Work standards reflecting management policies,
standards
• Unit costs for works and user operations
• Model configuration data
• Reliable local model calibrations
• Links to query, presentation and reporting tools

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Road Investment Decision Framework
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