RAGTIME Risk based approaches for Asset inteGrity multimodal Transport Infrastructure

The EU co-funded R&D project RAGTIME “Risk based approaches for Asset inteGrity multimodal Transport Infrastructure” aims at setting the basis for an efficient and innovative asset management (AM) across Evaluation/Planning, Procurement/Decision, Design/Project, Construction, Operation & Maintenance phases of Transport Infrastructure (TI). This paper discusses the RAGTIME approach to TIAM, which aims to establish a common framework for governance, management and finance in order to ensure the best possible return from limited investment funds. In line with this main goal, RAGTIME will lead 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 concepts, models and operative methods in order to optimize Return Of Investments (ROI), and guarantying at the same time the same or higher Level Of Service (LOS) through the whole lifecycle of the TI.