A very great deal of work has been done in recent years in developing the Asset Management concept.At the forefront have been OECD, PIARC, and road administrations in the United States, Finland and Australasia. The purpose of this report is threefold: a) to briefly summarise what Asset Management means; b) to summarise what progress is being made around the world in implementing such arrangements; and c) to focus on some specific aspects of Asset Management which we hope might assist those still considering implementation or those who are in the early stages of development.