The need for RAGTIME
An efficient asset management process is needed to ensure cost-effectiveness, in planning, delivery, operation and maintenance of large infrastructures or infrastructures network. Infrastructure asset management generally focuses on the later stages of a facility’s life cycle, specifically maintenance, rehabilitation, and replacement. However, a process of efficient asset management must define methods and tools for asset tracking, management of maintenance activity, determine the life cycle and replacement costs of the assets, assistance in determining funding strategies, optimizing capital investments in operation and maintenance, and help with the replacement of assets.
The purpose of the project is to establish a common framework for governance, management and finance of transport infrastructure projects in order to ensure the best possible return from limited investment funds in transport infrastructures
The main objective of RAGTIME is to develop, demonstrate and validate an innovative management approach and to lay out a whole system planning software platform, based on standard multiscale data models, able to facilitate a holistic management throughout the entire lifecycle of the infrastructure, providing an integrated view of risk based approach, implementing risk based models, resilient concepts and mitigation actions, with specific reference to climate change related threats perspective, and monitored with smart systems, in order to optimize ROI, management, guarantee LOS and improve resilience through maintaining the service.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 690660