Transportation agencies continue to deploy and operate emerging technologies and ITS assets in both urban and rural areas. These assets serve key roles in operations of the transportation system. Maintaining the ability of these ITS assets to continue to be of value in the future is referred to as “future proofing the asset.” The focus of this project is on researching best practices and overall approaches towards future proofing ITS assets. As part of this research, five categories of threats have been identified that present possible risks to the future of ITS assets, including: natural, functional performance, financial, policy/regulatory, and security threats. The research has identified multiple approaches for mitigating the future proofing risks to ITS assets and these will be synthesized into a report and model process for agencies to consider. Finally, this project will narrow the focus to communications and detection, and work with member agencies target the research to these specific topics.