Identify and record all current IT assets
Label each IT asset with a unique identification number
Gather specifics about each IT asset such as configuration, version, license details
Evaluate and record the condition of each IT asset
Determine the ownership of each IT asset
Approval: IT Asset Ownership Verification
Entering collected IT asset data into the asset management system
Prioritize the assets based on their importance
Link associated assets and dependencies
Identify and record the vendors for each IT asset
Monitor and verify the lifecycle status of each IT asset
Approval: IT Asset Lifecycle Status
Evaluate and assess asset risk potential
Maintain a backup inventory for critical assets
Create a disposal plan for redundant or end-of-life assets
Track and verify warranty and support agreement details for each IT asset
Regular updates of IT asset information in response to events such as purchase, disposals, moves, etc.
Perform regular audits of IT assets
Develop and implement IT asset management policies and procedures