Risk Management and Life-Cycle Planning for Municipal Road Asset Management
After Participating in this course, you will be able to:
- Understand the history and basic principles of asset management
- Understand risks and how to manage them
- Identify key elements to improve asset resilience
- Complete life-cycle planning
- Identify asset management best practices
The need to preserve our municipal roadway pavement infrastructure is paramount to insuring the viability of transportation of people and goods. This requires ever increasing investments because the road infrastructure is typically the most valuable asset owned by public agencies. The consequence of the lack of systematic maintenance and renewal is accelerated deterioration of the asset condition which then requires a more expensive treatment to return the asset to a serviceable condition.
This webinar focuses on risk management, transportation asset resilience, disaster recovery and life-cycle planning. While most agencies have disaster/emergency management plans, not all have formal risk management plans. Risk management does not replace traditional asset management but rather compliments it by documenting possible risks that may impact the short- or long-term performance of assets, assesses the probability of occurrence of the event happening and potential measures to reduce the impact of the risk. While many agencies are practicing risk management for their transportation infrastructure on a daily basis, a formal risk management plan allows the agency to achiever their performance management objectives and to communicate to stakeholders the risks that they cannot control.
This course provides a practical approach to risk management, resilience and recovery and covers:
- History and background of asset management
- Risk management process
- Risk identification
- Risk analysis
- Risk treatment
- Resilience and recovery
- Life-cycle planning
Who Should Attend?
- Planners, engineers and technical staff involved in the implementation of an asset management system
- Municipal agency personnel involved in the delivery of transportation infrastructure
- Municipal staff and consultants involved in the condition monitoring of municipal assets
- Municipal council members and managers responsible for municipal assets
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This course is currently scheduled on the following date. Click to learn even more details about this offering.
Almost all of EPIC's courses offer :
- Continuing Education Units (CEUs) and
- Professional Development Hours (PDHs)
These course credits will help attendees earn training requirements for their associations or provincial governing bodies.
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