1.6: Asset Management
Asset Management Other Information:
Asset management involves the entire organization and is a cross-functional task. Asset management is a process that involves
tracking information about agency assets, including purchase dates, maintenance, software licensing and distribution, auditing,
and change management through the asset life cycle. IT asset categories include: hardware, software, mobile and telecommunication
devices. The OCIO is responsible for ensuring the establishment of an effective IT asset management tool that will reduce
government waste, make more efficient use of warranties and maintenance, reduce legal exposure for or over-purchase of software
licenses, optimize equipment use, strengthen internal controls and increase the overall efficiency of helpdesk operations.
The OCIO is in the process of implementing an Asset Management System (AMS) and the associated policies, procedures and processes.
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