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Asset Management Policy

The Asset Management Policy establishes a framework for identifying, classifying, tracking, and protecting the Company's assets throughout their lifecycle, ensuring accountability and compliance. It applies to all physical and digital assets and outlines responsibilities for asset ownership, security measures, and lifecycle management. Regular audits and annual reviews are mandated to maintain accuracy and adapt to changes in operations and regulations.

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soudaki Abderrahmane
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8 views

Asset Management Policy

The Asset Management Policy establishes a framework for identifying, classifying, tracking, and protecting the Company's assets throughout their lifecycle, ensuring accountability and compliance. It applies to all physical and digital assets and outlines responsibilities for asset ownership, security measures, and lifecycle management. Regular audits and annual reviews are mandated to maintain accuracy and adapt to changes in operations and regulations.

Uploaded by

soudaki Abderrahmane
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Asset Management Policy

1. Purpose
The purpose of this Asset Management Policy is to establish a framework for the identification,
classification, tracking, and protection of the Company’s assets throughout their lifecycle. This
policy ensures proper accountability, security, and compliance with regulatory and business
requirements.

2. Scope
This policy applies to all Company-owned physical and digital assets, including but not limited to
IT infrastructure, software, cloud resources, data, office equipment, and intellectual property. It
applies to all employees, contractors, and third parties who interact with Company assets.

3. Asset Inventory Management

● A centralized asset inventory must be maintained to provide comprehensive


understanding of all Company assets.
● Where feasible, the assets must be assigned a unique identifier and tracked through
automated asset management systems.

4. Asset Classification

● Anything that supports the Company’s operations should be considered as an asset.


● Assets must be classified based on criticality, sensitivity, and business impact.
● Categories of asset classification include:
○ High: Assets that are essential to business continuity, security, or regulatory
compliance. Their loss, compromise, or failure would cause significant
operational, financial, or reputational damage (e.g., production servers, executive
leadership, proprietary software, customer data, intellectual property).
○ Medium: Assets that support key business functions but are not mission-critical.
Their loss or compromise may cause moderate operational disruptions and
financial impact but would not immediately threaten the organization's viability
(e.g., employee workstations, standard business applications, corporate
facilities).
○ Low: Assets that have minimal direct impact on business operations and
security. Their loss or compromise would result in minor inconvenience or cost,
with limited operational disruption (e.g., office supplies, publicly available
marketing materials, non-sensitive documents).
● Classification must align with data protection and compliance requirements.

5. Ownership and Responsibilities

● Each asset must have an assigned owner responsible for its security, maintenance, and
compliance.
● IT and Security Teams must implement security controls based on asset classification
and identified risks.
● Employees are responsible for properly handling Company assets and reporting any
loss or damage.

6. Asset Lifecycle Management


● Acquisition: New assets must be recorded in the asset inventory upon procurement or
creation.
● Usage & Maintenance: Assets must be maintained according to operational and
security guidelines.
● Transfer & Disposal: Assets must be securely transferred or decommissioned following
Company-approved disposal procedures, including secure data wiping where applicable.

7. Security and Protection Measures

● All assets must be secured against unauthorized access, theft, and tampering.
● IT assets must comply with endpoint security policies, including encryption and access
controls.
● Lost or stolen assets must be reported immediately to Security and IT Teams.

8. Compliance and Auditing

● Regular audits must be conducted to ensure asset records are accurate and properly
maintained.
● Any discrepancies in asset tracking must be investigated and resolved.
● Non-compliance with asset management procedures may result in disciplinary action.

9. Policy Review and Updates


This policy must be reviewed annually or as necessary to align with changes in business
operations, technology, and regulatory requirements.

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