Asset Management Policy
An asset management policy template for inventorying, classifying, and managing the lifecycle of hardware, software, and information assets.
What's Included
1. Purpose & Scope
Defines asset management objectives and scope.
2. Asset Inventory
Establishes asset inventory and cataloguing requirements.
3. Asset Classification
Defines classification criteria for asset types.
4. Asset Ownership
Assigns ownership and custodianship responsibilities.
5. Asset Lifecycle
Outlines management across procurement, use, and disposal.
6. Asset Disposal
Defines secure disposal and decommissioning procedures.
7. Review & Audit
Sets inventory audit frequency and reconciliation.
Frequently Asked Questions
What should a asset management policy include?
A comprehensive asset management policy should include purpose & scope, asset inventory, asset classification, asset ownership, and more. This template covers 7 key sections aligned to ISO 27001, NIST SP 800-53 requirements.
Which frameworks require a physical security policy?
Major frameworks requiring physical security policies include ISO 27001, NIST SP 800-53. This template maps directly to their control requirements, making it easier to demonstrate compliance across multiple standards.
How often should a asset management policy be reviewed?
Best practice is to review your asset management policy at least annually, or whenever significant changes occur in your organisation, technology environment, or regulatory landscape. Most frameworks including ISO 27001 and NIST CSF require documented policy review cycles.
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