Specifications include, but are not limited to: Task 1 Asset Management PolicyThis project is designed to develop an Asset Management Policy that sets out WMATA's approachto managing its asset base. An Asset Management Policy is expected to define the principles of howWMATA intends to deliver service outputs with available funds through appropriate assetmanagement activities. This will form the governance structure for asset management decisions inthe future. The Asset Management Policy sets out the asset management obligations, objectivesand principles WMATA will embrace in developing and implementing efficient and effective assetmanagement practices. The policy is a cross-asset, business wide statement. The policy should alsoacknowledge revenue capability for investment purposes. Task 2 Asset Management Strategy & ObjectivesThis project is to develop a strategy that will define the how', when', where' and who' of assetmanagement within WMATA. The Asset Management Strategy will set out a clear approach to howWMATA will deliver its Asset Management Policy intentions within its operations. Delivery of anAsset Management Strategy setting out the overall approach to introducing best practices for assetmanagement into the organization and the action plans for the assets. Existing asset objectives areto be reviewed to ensure alignment with the Asset Management Strategy. Objectives should also begeared to delivering service objectives in the most efficient, economical and effective way
