Risk-Based Transportation Asset Management

"Dealing with risks to key strategic objectives is not new to transportation executives. They do it every day. What is relatively new is formal risk management as a transparent framework for identifying risks to strategic objectives, mitigating them and communicating their likelihood. The earlier risk management reports provided an overview of risk management and its practice at the agency, program or project level. This report examines a subset of agency risk management, that is strategic risk management, or the management of risks to key agency objectives and policies. In particular, this report examines risks to transportation asset management (TAM) policies and objectives." -- Introduction