Performance Programming Process (P3)
The Department's Performance Programming Process (P3) ensures that the best system wide investment decisions are made given:
- Overall direction from our customers;
- Available resources; and
- System performance monitored over time.
MDT defines P3 as:
"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:
- Establishing goals and objectives through development of a strategic plan;
- Collecting data to measure progress toward achieving the established goals and objectives;
- Using management systems to control the various processes;
- Developing appropriate performance measures;
- Identifying standards and benchmarks;
- Developing alternative analyses procedures;
- Making decisions based on these results and developing an appropriate program;
- Implementing the program; and
- Monitoring and reporting results of actions taken.