Connectivity is a key component of rural development in developing countries. Traditionally, many road organizations budget and program for road works on a historical basis. An objective, needs-based approach is necessary with knowledge of the content, structure, and condition of the roads being managed. The Highway Development and Management Tool (HDM-4) provides a suitable framework for such an approach. From the available traffic and condition surveys, nine representative low-volume road sections with varying geometry and pavement condition are analyzed. The types of vehicles using the roads are two- and three-wheelers; standard medium buses; standard minibuses; light commercial vehicles; two-axle trucks, cars, and tractors among the motorized traffic; and bullock cart and bicycle among the nonmotorized traffic, which are the conventional modes of transport for low-volume roads in developing countries. The purpose of the study is to forecast budget requirements and predict performance trends by applying the strategy analysis of HDM-4 to low-volume roads. The analysis was carried out for two objective functions: to maximize the net present value and to minimize the total costs for a target international roughness index. The design period was 20 years; economic indicators were determined at a discount rate of 12%. Two investment alternatives, namely, a desired maintenance and an ideal maintenance, are compared with the do-minimum alternative. The study reveals that the strategy application of HDM-4 can be used for managing low-volume roads effectively. The tool will help in forecasting budget requirements and assessing the impact of various investment alternatives.