Asset Management

Definition(s):

Asset management is the process responsible for tracking and reporting the value and ownership of financial assets throughout their lifecycle. Asset management is part of an overall service asset and configuration management process.

Source: ITIL

Asset Management is the process of overseeing and managing physical and financial assets to meet an organization's financial goals. It involves analyzing and monitoring the performance of investments, making strategic decisions about investments, and ensuring that assets are managed in a way that meets the organization's goals.