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7 Tips for Beginning Your IT Asset Management Project

For any business, big or small, managing one's assets plays a key role in helping to define whether the company is successful or not.While
some business owners have their finger on the pulse when it comes to an IT asset management program, others are not so fortunate. If you find yourself in the latter category, it certainly does not hurt to learn the ins and outs of such a program.

The need for such oversight proves especially true given the fact that assets can go from one locale to another, get reassigned, and even end up being replaced altogether. The bottom line is that managers want information regarding asset allocation, usage, and a history of each and every service call.

So, how do you go about putting the wheels in motion to an effective IT asset management project for you and your business? Among the steps to consider are the following:

1. Find a flexible solution that can be put to use as an IT asset management system or a fixed asset management solution, placing you in control of all necessary details. With the right asset management software in place, your business can improve its organization and control, along with overseeing who is using them.

2. Keep in mind that IT asset management's function is the main point of accountability for the life-cycle management of data technology assets via the whole organization. Included in this area are development and maintenance of policies, standards, processes, systems, and measurements that allow the business to oversee the IT asset portfolio as it relates to risk, cost, control, IT governance, compliance, and business performance objectives as established by the company.


3. IT asset management business practices are process-driven and matured via iterative and focused improvements. The majority of successful ITAM programs are invasive to the business, involving everyone at some level. Those would include end users (educating on compliance), budget managers (redeployment as a choice), IT service departments (offering details on warranties), and finance (invoice reconciliation, updates for fixed asset inventories).

4. IT asset management typically involves the usage of automation to run the discovery of assets; therefore, inventory can be compared to ownership information. Full business management of IT assets necessitates a repository of various types of information regarding the asset, along with integration with other systems such as the supply chain, help desk, procurement, and HR systems.

5. Sharing information is also important, so it is a good idea to dedicate qualified and trained professional resources to the project. Those business processes that compile and keep data accuracy need to be implemented then continue to grow as the organization changes and expands. In the event you do not have technical and business process supervision, you run the risk of jeopardizing both time and money.

6. Not getting in over your head is also critical, given the fact that many bigger projects do not succeed due to the organization having expectations that are too high. It is best to implement the project in reasonable phases that will end up building toward the reachable goal.


7. Lastly, it is important to review your IT asset management project on a regular basis. The reasoning is simple: You are looking to achieve your company's defined goals, objectives, and pluses in the first place. By having a quarterly review, you can identify what is working successfully and what needs to be reworked or tweaked. The review time will also help you discover new uses for the information you have put together and see where it may help other arms of your company's operation.

Guest Article by Dave Thomas

With 23 years of experience as a writer, Dave Thomas covers a wide array of topics ranging from how to improve your company’s technology software to building an SEO marketing campaign.

this is a guest article by Dave Thomas about seven tips for beginning IT management project. To know how to write guest articles for us please follow the link below.

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