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Asset management (Cfem)

Definition
A systematic process of operating, maintaining and upgrading transportation assets cost-effectively, by combining engineering practices and analysis with sound business practice and economic theory. Also, the management of the physical infrastructure such as pavements, bridges, and airports, as well as human resources (personnel and knowledge), equipment and materials, and other items of value such as financial capabilities, right-of-way, data, computer systems, methods, technologies, and partners. (Source: AASHTO Glossary)
Broader Term
Assets (Cfe)
Related Terms (Hierarchical)
Capital (Cfec)
Hedging (Finance) (Cfeh)
Investments (Cfei)
Securities (Cfes)