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What is the TAMP?
As part of Map-21, the National Highway Performance Program, a State shall develop a risk-based Transportation Asset Management Plan (TAMP) for the National Highway System to improve or preserve the condition of the assets and the performance of the system.
ODOT’s response to the call for “performance informed budgeting” uses the TAMP as a focal point for information about physical assets, their management strategies, long –term expenditure forecasts, and business management processes.
In meeting statutory requirements, a State’s TAMP shall at a minimum include:
- Asset management objectives
- Asset management measures and targets
- A summary listing of the pavement and bridge assets on the National Highway System in the State, including a description of the condition of those assets
- The identification of any performance gaps
- A lifecycle cost analysis
- A risk management analysis
- A financial plan
- Investment strategies
What is the Purpose of TAMP?
ODOT has defined the following objectives for developing a TAMP in an effort to:
- Influence ODOT’s orientation to an initiative of asset management that combines operations and maintenance with capital planning and programming.
- Document and prioritize opportunities for improving upon the asset management program.
- Make investment decisions more transparent, and communicate how asset management balances investments in transportation to maximize economic development and sustainability.
- Meet MAP-21 requirements.