Exam ITILFND V4 topic 1 question 196 discussion

The purpose of IT Asset Management is to manage the lifecycle and value of financially valuable components (IT assets) that support the delivery of IT services. These assets include hardware, software, and other resources that are critical to service delivery and organizational value. Breakdown of other options: A. Deployment management: Incorrect. This practice focuses on deploying new or changed components into live environments. B. Continual improvement: Incorrect. This practice focuses on identifying and implementing enhancements to services, processes, or practices, not managing assets. C. Monitoring and event management: Incorrect. This practice deals with observing systems for events and responding to changes in state, not managing financially valuable components.

IT asset management is a practice with the goal of keeping tabs on all IT assets, in order to assess when to make changes and identify which changes to make. IT asset management helps you gain visibility of your assets in order to see the value delivered by each piece. We can sum up the two main activities in ITAM as: 1. Tracking the financial value of each asset—that is, how much value the asset is providing to the company. 2. Determining when to upgrade/retire/expire assets due to depreciation or end-of-lifing.