Adapting strategic management practice for CAV: Recommendations for asset managers (PART 3)

Sharon Biermann (Publisher), Kerry Brown, Ferry Jie, Hadrian Djajadikerta, Subhadarsini Parida

Research output: Book/ReportOther output

Abstract

Considerable work has been undertaken overseas and in Australia so far about monitoring CAV technological developments and trials, and identifying and developing legislation and regulatory requirements, governance frameworks, harmonisation of certain parameters etc. in order to facilitate and be ready for the uptake of CAV. However, little or no work has been done in relation to how the uptake of CAV may impact the practice of asset management. CAV in many forms and ownership models, as individual vehicles, buses, commercial vehicles, or trains will operate on the existing infrastructure assets. This project explores how they may affect the asset and the business of managing the asset, throughout its life cycle. More specifically, the impact of CAV on asset management is assessed according to:

• Two CAV uptake scenarios: less than 100% uptake and 100% uptake.
• Six key asset management areas: policy, strategy, planning, legislation and statutory requirements, customer and stakeholder expectations and risk management.

Part 3 provides recommendations for asset managers, and a summary of asset management opportunities and uncertainties resulting from CAV uptake. The findings of the project are that CAV uptake will:

• Affect asset management in many areas including policy, strategy planning, customer and stakeholder expectation, statute and legislation and risk management.
• Provide several opportunities for improving asset management outcomes including improved road safety, decreased carbon emission, reduced traffic congestion, improve mobility, intermodal integration, optimised supply chains and reduced transport cost.
• Present also some challenges, particularly in relation to managing a rapidly changing transport market with a transition to Mobility as a Service (MaaS) and the rapid increase in micro-mobility, fueled by technology changes and increased customer expectations re improved mobility.

In terms of the big picture for CAV uptake, asset managers need to be proactively engaged with three key areas:
• development of a framework for digital infrastructure to support safe, cybercrime protected vehicle-to-vehicle and vehicle-infrastructure communication,
• national policies, standards, governance and regulation for CAV uptake, and
• CAV infrastructure decisions.

Overall, it is difficult to predict with a high degree of confidence all the implications for asset management resulting from the uptake of CAV especially at the 100% uptake point. Asset managers need to constantly monitor CAV technology progression, capture results of trials and any relevant information available, be involved and contribute to national policies and be ready to adapt their practice as required.
Original languageEnglish
Place of PublicationAustralia
PublisherPlanning and Transport Research Centre, University of Western Australia
Number of pages22
Publication statusPublished - Dec 2020

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