The global skills and competency framework for the digital world

Asset management ASMG

Managing the full lifecycle of assets from acquisition, operation, maintenance to disposal.

Revision notes

Updates for SFIA 9

  • Theme(s) influencing the updates for this skill: Making SFIA easier to consume (enhance readability/guidance/descriptions).
  • You can move to SFIA 9 when you are ready - SFIA 8 skill descriptions will still be available to use.
  • Previous SFIA assessments or skills mapping are not impacted by this change.

Guidance notes

Assets include hardware, software, data, networks, cloud services, devices, IP, licences, agreements and warranties.

The full lifecycle includes: acquisition, storage, distribution, movement and disposal of assets.

Asset management involves financial, legal and technical considerations.

Activities may include, but are not limited to:

  • advising on value optimisation, cost control, risk management, decision support and regulatory or contractual compliance
  • managing hardware, software licences, intellectual property and contractual obligations
  • using international standards for asset management
  • integrating with security, change and configuration management
  • resolving issues and risks with unauthorised assets such as: unlicensed copies of software, cloud services, devices.

Understanding the responsibility levels of this skill

Where lower levels are not defined...
  • Specific tasks and responsibilities are not defined because the skill requires a higher level of autonomy, influence, and complexity in decision-making than is typically expected at these levels. You can use the essence statements to understand the generic responsibilities associated with these levels.
Where higher levels are not defined...
  • Responsibilities and accountabilities are not defined because these higher levels involve strategic leadership and broader organisational influence that goes beyond the scope of this specific skill. See the essence statements.

Developing skills and demonstrating responsibilities related to this skill

The defined levels show the incremental progression in skills and responsibilities.

Where lower levels are not defined...

You can develop your knowledge and support others who do have responsibility in this area by:

  • Learning key concepts and principles related to this skill and its impact on your role
  • Performing related skills (see the related SFIA skills)
  • Supporting others who are performing higher level tasks and activities
Where higher levels are not defined...
  • You can progress by developing related skills which are better suited to higher levels of organisational leadership.

Show/hide extra descriptions and levels.

Levels of responsibility for this skill

2 3 4 5 6

Asset management: Level 2

Level 2 - Assist: Essence of the level: Provides assistance to others, works under routine supervision, and uses their discretion to address routine problems. Actively learns through training and on-the-job experiences.

Uses agreed procedures to create and maintain an accurate register of assets.

Performs activities related to the administration of assets.

Produces routine reports to assist asset management activities and decision-making.

Asset management: Level 3

Level 3 - Apply: Essence of the level: Performs varied tasks, sometimes complex and non-routine, using standard methods and procedures. Works under general direction, exercises discretion, and manages own work within deadlines. Proactively enhances skills and impact in the workplace.

Applies tools, techniques and processes to create and maintain an accurate asset register.

Produces reports and analysis to support asset management activities and aid decision-making.

Asset management: Level 4

Level 4 - Enable: Essence of the level: Performs diverse complex activities, supports and guides others, delegates tasks when appropriate, works autonomously under general direction, and contributes expertise to deliver team objectives.

Controls assets in one or more significant areas ensuring administration of full lifecycle of assets is carried out.

Produces and analyses registers and histories of authorised assets and verifies that all of these assets are in a known state and location.

Acts to highlight and resolve potential instances of unauthorised assets.

Asset management: Level 5

Level 5 - Ensure, advise: Essence of the level: Provides authoritative guidance in their field and works under broad direction. Accountable for delivering significant work outcomes, from analysis through execution to evaluation.

Manages and maintains the service compliance of IT and service assets in line with business and regulatory requirements.

Identifies, assesses and communicates associated risks.

Ensures asset controllers, infrastructure teams and the business co-ordinate and optimise value, maintain control and maintain appropriate legal compliance.

Asset management: Level 6

Level 6 - Initiate, influence: Essence of the level: Has significant organisational influence, makes high-level decisions, shapes policies, demonstrates leadership, promotes organisational collaboration, and accepts accountability in key areas.

Sets the strategy for asset management across the organisation.

Communicates the policy, governance, scope and roles involved in asset management.

Promotes awareness of and commitment to the role of asset management in the continuing economic and effective provision of services. Provides information and advice on complex asset management issues.

Initiates impact assessment arising from decisions to obtain, change or continue the possession or use of an asset, system or service.

Keywords
Small change