Copperleaf® Technologies Inc. (“Copperleaf”) announces the selection of its decision analytics solution by the Metropolitan Transit Authority of Harris County (“METRO”), a major public transportation agency based in Houston, Texas.
METRO’s Transit Asset Management (TAM) group was established in 2017 to comply with the Federal Transit Authority TAM Rule and provide decision support to prioritize and justify capital investment needs. As trends and requirements in the North American transit asset management landscape have evolved to incorporate new drivers of value, such as risk, resilience, and equity, legacy tools are increasingly unable to meet the complex investment prioritization needs of many medium to large transit providers.
In late 2023, METRO recognized that transitioning from a manual Excel-based process to an Asset Investment Planning (AIP) solution could improve its ability to create transparent, defensible capital plans, address its State of Good Repair (SGR) backlog, and adapt quickly to changing financial and operational conditions.
Copperleaf Portfolio™ will enable METRO to establish a more consistent, data-driven process to assess and prioritize investments in the SGR backlog by adopting best practices in modeling, risk assessment, and project valuation. This will allow METRO to evaluate all projects on a common scale, incorporate all drivers of project value, develop risk mitigation scenarios, and create high-value plans that consider funding and staffing resource limitations. The Copperleaf solution will also give METRO the ability to quickly adapt plans to changing business and financial conditions and ensure investments are aligned with METRO’s long-term mission and strategy.
The Copperleaf implementation at METRO is scheduled to go from kick-off to go-live in approximately three months, providing rapid time-to-value for the organization.
“We’re thrilled to play a part in helping METRO implement asset management best practices and deliver on their mission of providing clean, safe and reliable public transportation services,” said Phil Jones, Managing Director of Copperleaf in the Americas. “We thank METRO for putting their trust in us and are confident Copperleaf’s value-based approach to capital planning will enable METRO and other transit organizations develop optimal plans that address the State of Good Repair backlog and comply with the FTA’s decision support requirements.”
