Abstract
This study proposes a framework for an infrastructure asset management manual containing infrastructure asset management processes and operation techniques, which can be adjusted by different ordering authorities to develop their own manuals. The following conclusions were drawn in this study. First, the justification for implementation of asset management was examined through analysis of changes and status of asset management in domestic infrastructure, and the current status and insufficiencies in the asset management manuals of the government and ordering authorities were inspected. Second, the current status and systems of infrastructure asset management manuals in developed foreign nations such as Australia, the United Kingdom and the United States were examined, to analyze and compare the characteristics of asset management manuals among different nations. The directivity for composition of an infrastructure asset management manual in Korea was deduced for reference. Third, based on the directivity for composition of a domestic and foreign infrastructure asset management manual, a framework for an infrastructure asset management manual that can be utilized by the ordering authorities was proposed for (1) a general infrastructure asset management manual connected to global asset management manuals; (2) a manual that considers the asset management experience of the ordering authorities; (3) a systematic manual that takes user convenience into account; and (4) a circulatory process, which links infrastructure policy and strategy in the decision-making stage.
Highlights
IntroductionInfrastructure assets, such as roads, rivers, dams, harbors, airports, waterworks and railroads, are important national assets directly related to economic growth and quality of life of citizens; they are important indicators of national competitiveness
While ordering authorities are investing in infrastructure asset management, such as tax savings for citizens and computation of transparent and predictable maintenance expenses, there are currently no guidelines for asset management procedures and techniques
Korea lacks processes and guidelines for infrastructure asset management and a general manual is needed so that ordering authorities can cope with the national demand for efficient management performance, increased deterioration of infrastructure and financial pressures
Summary
Infrastructure assets, such as roads, rivers, dams, harbors, airports, waterworks and railroads, are important national assets directly related to economic growth and quality of life of citizens; they are important indicators of national competitiveness. As an enormous amount of infrastructure was constructed (asset value of about 272 trillion and 115.4 billion Korean won [1]) in the 1970–80s, the budget for new Social Overhead Capital (SOC) is gradually being reduced. The government decided to reduce expenditure on SOC by 12 trillion won for five years to prepare for this investment.) Park Geun-hye government, financial pressure and budget competition to secure an appropriate maintenance budget for infrastructure are expected to increase. Setting forth management objectives with consideration activities. Setting forth the Level of Service for infrastructure responsibilities.
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