May 03, 2018


800 Carolina Rd.

Public Works Operations Training Room

Suffolk, VA, 23434

Contact Hours



Asset management is a strategic process for managing physical assets over the course of their life cycle. The strategy has been used in private industry for many years, particularly by companies managing significant assets such as electrical power plants and telephone networks. The transportation community is now discovering that the approach also offers a cost-effective way to optimize the performance of transportation assets such as highways, bridges, roadway signs, and traffic lights.

Intended for transportation professionals with responsibility for planning, capital programming, maintenance and operations, financial management, traffic and safety engineering, system operation and management or information technology, this workshop provides an introduction to asset management concepts.

Covering topics such as guiding principles, components and the process of operating and implementing a generic Asset Management System, participants will gain the basic understanding needed to link asset condition and performance to management and investment strategies. Upon completion of the class, participants will be prepared to start applying asset management concepts to their professional responsibilities.

Instructor Lorenzo Casanova PE, Federal Highway Administration, Virginia Division, has extensive practical experience in engineering and economic analysis. “Asset management is much more than inventory control,” Casanova explained. “It’s a methodology that can be applied to any assets managed by an agency. It provides an effective way for managers to maintain and extend the life span of their assets and infrastructure while forecasting and controlling costs.”



8:15am – Introduction
Guiding Principles

9:00am – Components
Other Assets

9:45am – Process
Current Practice
Ideal Practice
Generic Process
Key Questions

10:30am – Strategic Framework
Goals, Policies and Budgets
Organizational Integration
Technical Information

11:30pm – Making Informed Decisions

Lunch Break

1:15pm – Communication

2:00pm – Life-Cycle Cost Analysis

2:45pm – Benefit-Cost Analysis
Assessing Benefits
Computing Costs

3:30pm – Implementation
Strategies and Challenges

4:00pm – Adjourn                                                               4:30 pm


Lorenzo Casanova

Lorenzo Casanova, P.E. currently works for the Federal Highway Administration in the Virginia Division. He has over 20 years’ experience as an engineer, mostly in the operation of manufacturing and construction processes; and the management of programs.  He has extensive practical experience in engineering and economic analysis; and has held several positions in the public and private sectors as well as in academia.  He has taught courses at several community colleges and universities in Florida and Delaware, as well as overseas, and is a registered P.E. in both states. He holds a B.S. degree in Civil Engineering and earned his Masters of Engineering degree from the University of Florida.

Who Should Attend

This training has been designed for senior and mid-level managers from any transportation agencies, who typically have the responsibility for decision-making in one or more areas addressed by transportation asset management. Participants could represent many organizational units, including (but not limited to) planning, engineering, capital programming, maintenance and operations, financial management, traffic and safety engineering, system operation and management, and information technology. The course is also intended for individuals who manage or provide critical information to senior managers, or who have direct responsibility for meeting specific transportation system performance or program delivery targets.

Registration and Payment

The following registration fees cover the session, all course materials and meals:

Local Government: $75.00
State/Federal: $125.00
Private Industry: $300.00

Click here for UVA TTA's general registration information, cancellation policy, and refund policy. UVA TTA accepts the following credit cards: American Express, VISA, MasterCard, and Discover. Credit card information cannot be taken over the phone. Alternatively, after registering you can print out a voucher to send in with your payment. After you have completed the transaction you will receive an automatically generated email confirming registration and payment if applicable. Final confirmation and instructions will be sent out during the week prior to the class date.

Don't have access to a computer?
to get a paper registration form (PDF). Print it out, complete it, and email, mail or FAX it to our office following the instructions on the form. Include your check or government purchase order with your registration form.Please note that emailed or faxed-in registration forms will be considered as a "provisional booking" until payment is received.For more information, call our office at (434) 982-2897, fax at (434) 982-2856 or email uva-tta@virginia.edu