A significant limitation of current asset management systems is lack of consideration of geotechnical issues. This paper presents a simple framework for managing geotechnical facilities using asset management principles. The framework is based on mapping a previously developed generic framework proposed by the Federal Highway Administration with consideration given to several unique aspects of geotechnical structures, the roles these assets play in the transportation infrastructure, and the interaction among “geotechnical assets” and other types of assets such as pavements and bridges. The paper discusses several unique issues that arise when applying asset management principles to geotechnical facilities and presents recommendations for future work to facilitate and improve implementation of such a system. Examples for specific application to maintenance of highway embankments and slopes are provided throughout the paper to illustrate implementation.