Life-Cycle Planning Analysis in a Transportation Asset Management Framework
Life-cycle planning (LCP) is an integral part of the transportation asset
management (TAM) framework. LCP is a process that estimates the
full cost of managing an asset over its anticipated useful life. It is a practice based on economic
and engineering principles to facilitate the development of a life-cycle activity plan for a given
asset that balances costs, risks, and expected performance.
NCHRP Research Report 1065: Life-Cycle Planning Analysis in a Transportation Asset Management Framework,
from TRB's National Cooperative Highway Research Program,
provides transportation planning and engineering professionals with a
guide to the implementation of LCP analysis to support TAM.
Supplemental to the report are
NCHRP Web-Only Document 365: Implementation of Life-Cycle Planning Analysis in a Transportation Asset Management Framework, a
summary of findings, an
implementation plan, and a
webinar presentation.
This Summary Last Modified On: 9/14/2023