What is asset management?

What is asset management?

• A. Managing service level agreements.
• B. Tracking inventory, ownership, lifecycle, and maintenance of network hardware and software.
• C. Executing runbooks.
• D. Performing tabletop exercises.

Answer: (B)

Asset management is about keeping accurate records of all IT assets and their status throughout their life. This includes tracking what is owned, where it is, who is responsible for it, the lifecycle stage, and ongoing maintenance needs such as warranties, licenses, and upgrades. This comprehensive visibility helps with budgeting, compliance, risk management, and efficient operations, and it’s typically managed in an asset register or CMDB linked to configuration data. That’s why the description of tracking inventory, ownership, lifecycle, and maintenance of network hardware and software best matches asset management. The other options relate to different areas: managing service level agreements focuses on performance targets and guarantees; executing runbooks covers documented operational procedures; tabletop exercises are drills for incident response and preparedness.

Asset management is about keeping accurate records of all IT assets and their status throughout their life. This includes tracking what is owned, where it is, who is responsible for it, the lifecycle stage, and ongoing maintenance needs such as warranties, licenses, and upgrades. This comprehensive visibility helps with budgeting, compliance, risk management, and efficient operations, and it’s typically managed in an asset register or CMDB linked to configuration data.

That’s why the description of tracking inventory, ownership, lifecycle, and maintenance of network hardware and software best matches asset management. The other options relate to different areas: managing service level agreements focuses on performance targets and guarantees; executing runbooks covers documented operational procedures; tabletop exercises are drills for incident response and preparedness.