The aim of Part 3 of the Austroads Guide to Asset Management (Asset Strategies) is to provide guidance on the frameworks and principles of asset strategies. Asset strategies articulate the proposed management of the capacity, condition and use of road system assets to achieve the level of road system performance which is acceptable, affordable and sustainable to meet the needs of stakeholders and the community. The focus of Part 3 is to assist road agencies to develop performance-driven asset management strategies which achieve community-driven outcomes. The Guide presents an integrated strategy framework comprising: an overarching road system management strategy, a road investment strategy, an infrastructure preservation strategy and road use management strategies.