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Accession Number PB2013-101861
Title Traffic Incident Management: Cost Management and Cost Recovery.
Publication Date Mar 2012
Media Count 66p
Personal Author B. Graves C. Yorks D. Lebo E. Rensel K. Malarich
Abstract This publication provides mid-level managers at transportation agencies with the resources they need to explain the benefits of traffic incident management (TIM) and TIM cost management and cost recovery to executive leadership. It also provides the same mid-level managers with information that will help them implement TIM cost management and cost recovery techniques. Costs recovery is the reimbursement for services from sources outside of the direct budget that funds the program seeking reimbursement. Cost management includes all efforts to maximize the cost-benefit relationship of program activities and involves a cyclical loop of cost planning, tracking, analysis, and evaluation and reprogramming. While costs related to responder and motorist injury, disability, fatality, and the related medical and societal costs are not addressed here as those issues are addressed in a variety of ways in the existing literature, recoverable costs related to TIM such as tactical and strategic costs are addressed. Costs are classified as being recovered when the program receives full or partial reimbursement from sources outside of the budget. The publication begins with a discussion of the fundamentals of what constitutes a TIM program as well as the more intricate details of what makes a TIM program effective. The document also details information about the fundamentals of cost management and cost recovery, the current state of the practice, and how practitioners can take advantage of opportunities to manage and recover costs. The document concludes by recognizing that the conversation of how to pay for recurring costs of TIM and transportation operations is just beginning, suggesting what research is still needed to progress in TIM cost management and cost recovery.
Keywords Cost accounting
Cost management
Cost recovery
Cost tracking
Incident response
Recoverable cost
Resource management
Traffic incident
Traffice Incident Management(TIM)


 
Source Agency Federal Highway Administration
NTIS Subject Category 85D - Transportation Safety
85H - Road Transportation
43G - Transportation
91B - Transportation & Traffic Planning
Corporate Author Gannett Fleming, Inc., Harrisburg, PA.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1307
Contract Number N/A

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