Transit asset management represents a strategic approach to managing transit assets. It focuses on an agency’s business processes for resource allocation and utilization with the objective of better decision-making based upon quality information and well-defined objectives. The key principles of asset management represent a perspective that a transit operator can adopt in looking at its current procedures and seeing how better decisions on assets can be made with better information. This course provides an overview of key principles and best practices of transit asset management, as well as guidance on compliance with federal regulations (49 CFR 625), for Tier I providers. Tier I providers are defined in 49 CFR 625.5 as federal transit funding recipients that own, operate, or manage either (1) one hundred and one or more vehicles in revenue service during peak regular service across all fixed route modes or in any one non-fixed route mode, or (2) rail transit.