Asset management ASMG


The planning and management of the full lifecycle of assets from acquisition, operation, maintenance to disposal. The provision of information and advice to optimise value, control costs, manage risks, support decision making and meet regulatory or contractual requirements.

Guidance notes

Assets to be managed include components such as - but not limited to - hardware, software, data, networking, cloud services, devices, intellectual property, licences and agreements, warranties. Asset management requires knowledge of financial, legal and technical processes, tools and techniques.

Examples of enhanced asset management development includes the use  of international standards for asset management and close integration with security, change, and configuration management.

Unauthorised assets includes - but is not limited to - unlicensed copies of software, cloud services, devices.

Advice on asset management includes areas such - but not limited to - the  maintenance of hardware assets, licensing of software, protection of intellectual property, and legal obligations.

Asset management: Level 6


Promotes the continuing economic and effective provision of services, ensuring that all changes to assets and services are appropriately and accurately controlled and recorded. Provides information and advice on complex asset management issues. Promotes awareness of and commitment to asset control. Initiates assessment of consequences and risks arising from decisions to obtain, change or continue the possession or use of an asset, system or service.

Asset management: Level 5


Manages and maintains the service compliance of all 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 4


Controls IT assets in one or more significant areas, ensuring that administration of the acquisition, storage, distribution, movement and disposal of assets is carried out. Produces and analyses registers and histories of authorised assets and verifies that all these assets are in a known state and location. Acts to highlight and resolve potential instances of unauthorised assets.

Asset management: Level 3


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 2


Uses agreed procedures to create and maintain an accurate register of assets. Performs activities related to administration of assets. Produces routine reports to assist asset management activities and decision making.