Wealth Management
Hardware Asset Management Process
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Hardware Asset Management Process

1
Identify the Hardware Assets: Physical and Virtual
2
Collect Hardware Asset details
3
Categorize Hardware Assets
4
Document Hardware Assets in the Asset Management System
5
Approval: Asset's Details validation
6
Determine Asset's Lifecycle Stage
7
Calculate Total costs of assets
8
Plan Strategy for Hardware Updates/Upgrades, if necessary
9
Adjust Inventory Records with new Data
10
Monitor Hardware Asset Utilization
11
Perform Risk Assessment
12
Approval: Risk Assessment Review
13
Track Hardware Software Compatibility
14
Verify Software License Compliance
15
Evaluate Hardware's Performance
16
Approval: Hardware Performance Review
17
Monitor and Record Changes to Hardware Assets
18
Address Issues or Challenges with Hardware Assets
19
Re-evaluate Asset's Lifecycle Stage
20
Decommission Hardware Asset if necessary