Performance Programming Process (P3) The Department's Performance Programming Process (P3) ensures that the best system wide investment decisions are made given:
"A method to develop an optimal investment plan and measure progress in moving toward strategic transportation system goals." One of the main components of P3 is asset management. Asset management is a process to strategically manage the transportation system in a cost-effective, safe, efficient, and environmentally sensitive manner. It is based on managing for results by focusing on performance. The major elements of an asset management system are:
Performance Programming Process (P3) - 2004 Update |