Asset Management

Asset management refers to the steps used to manage important assets within an organization. It helps the organization know what it owns and ensure that it doesn’t lose control of it.

On a larger scale, asset management is often associated with configuration and change management. In other words, an organization identifies all the systems its has, but it also has documentation that identifies the current configuration of these systems. When a system is changed, the change management process ensures that the configuration documentation is updated.

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TIP Asset management systems help an organization track its assets. It’s common for asset management systems to track hardware and software owned by an organization.

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Hardware

Hardware management entails identifying relevant hardware that arrives at a company, periodically inventorying the hardware, and removing the hardware from the inventory when it is disposed of. This includes items such as desktop computers, laptops, servers, routers, and switches.