As climate change intensifies, roadway infrastructure is increasingly at risk from extreme weather events including floods, hurricanes, and wildfires. This paper presents a system-of-systems performance-based asset risk management approach, designed to integrate various elements for effective investment prioritization and infrastructure resilience. Central to this approach are an Asset Inventory Database and a Risk Registry Database, supported by a Common Reference Location System (GIS). These components are the foundation for analytical modules to assess vulnerability and resilience based on exposure, sensitivity, and adaptive capacity. The approach includes an actionable framework to support a proactive data-driven performance-based management process for prioritizing investments. The project prioritization process consists of four steps: identifying risk factors, integrating climate data, conducting advanced risk assessments, and project prioritization. The goal is to prioritize resource allocation and develop climate-adaptive risk mitigation management strategies. Key performance indicators (KPIs) are recommended for setting goals, monitoring the outcomes of these strategies, and measuring their benefits. A Climate Impact Vulnerability Score (CIVS) is proposed to assess the susceptibility of infrastructure assets to environmental conditions. The approach also leverages artificial intelligence (AI) tools to analyze roadway infrastructure vulnerabilities and climate risk exposure. A case study applied to bridges using k-means clustering and multi-criteria decision analysis (MCDA) demonstrates the potential of advanced analytical methods in improving decision-making. This research concludes that the approach will contribute to enhancing resource allocation, supporting strategic decisions, aligning goals with budgets prioritizing investments, and strengthening the resilience and sustainability of roadway infrastructure.
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