The IT asset management lifecycle covers the period from initial request for an item through procurement, delivery, stocking, deployment, monitoring, support, installation (as well as all moves, adds, or changes in location), upgrades, reuse, termination, disposal, and replacement. This lifecycle is sometimes referred to as cradle to the grave:
The ITAM lifecycle
Lifecycle status: this is the functional lifecycle a particular asset is at the moment, and if it's capable of providing its intended value. This is the foundational measurement for reconciling the asset's planned use versus actual use.
This is the most important and the most neglected asset data point. When you know the current lifecycle state of an asset at any moment in time, you can efficiently plan IT update/replacement, budget, IMACD (Install, Move, Add, Change and Disposal...
This is the most important and the most neglected asset data point. When you know the current lifecycle state of an asset at any moment in time, you can efficiently plan IT update/replacement, budget, IMACD (Install, Move, Add, Change and Disposal...
