A Holistic Investment Prioritisation Framework for Road Assets

published 4 months ago by Austroads

Currently road authorities rely on multiple different decision making-frameworks to help identify investment opportunities for the road network. The framework used often varies depending on the nature of the expenditure. For example, cost benefit analysis is commonly used to assess large capital upgrades and risk assessments are commonly used to identify bridges that need treatment. The outputs produced by the different decision-making frameworks are incompatible, making it difficult to prioritise across different expenditure types. This webinar presents a holistic prioritisation framework that supports investment decision making across and within service groups, asset classes and expenditure categories. The framework also seeks to enhance existing asset management reporting by providing easy to understand portfolio-level outputs to help non-technical decision makers make funding decisions. Presented by Martin Chow and Dylan Frangos.

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