Sprinto’s Asset Management Procedure Template

The asset management procedure template helps organizations identify risks, carry out maintainance, and strengthen the protection of its digital assets.

What is an asset management procedure template?

An Asset Management Procedure template is a pre-designed policy that outlines the procedure for protecting assets throughout their lifecycle. This includes maintaining an updated inventory of acquired or created assets, tracking their usage through transfers or disposal, and maintaining documentation.

Why do you need this template?

An asset management procedure template enhances the accuracy and efficiency of measures that govern the protection of information assets. It acts as a step-by-step guide to creating the asset inventory, assigning asset owners, tracking additions and usage, and implementing security controls for their protection.

Consistent practices

Adopt consistent practices for asset management and ensure process standardization across departments.

Compliance management

Adhere to industry standards for asset management such as ISO 27001 and avoid non-compliance repercussions.

Risk minimization

Minimize risks related to improper asset maangement by ensuring accountability and transparency.

Scalable foundation

Manage increased asset volume and complexity by leveraging dynamic asset handling and management procedures.

How to use the Asset Management template?

Design and customize

Customize this template according to your business context and security requirements. Be forward-thinking when applying its scope to your business.

Test the template

Validate the steps included in this template for accuracy. Test the policy template and make changes to ensure proximity to the business context.

Acquaint your workforce

Educate your workforce on the scope of the policy, their roles and responsibilities within the function it covers, and how to use it effectively.

Make improvements

Review your policy on a regular basis (ideally once every 6 to 12 months) to ensure it is up to date and aligned with industry requirements.

Leverage automation

Roll out policies, schedule security and policy training, and gain completion acknowledgements within a single interface to ensure 100% adherence.

Asset Management Procedure Template

Get started with this template right now. It’s free

The Sprinto advantage

Get out-of-the-box policy templates vetted by our audit partners and remove the guesswork from security operations. Streamline the compliance program with reusable and adaptable policy templates that help you act fast and remove the complexity in asset management.

Expand the scope of your compliance program—Drive continuous control monitoring, access control, and evidence collection, and more for faster time to value and quicker audit readiness.

Frequently Asked Questions

Challenges faced during asset management include asset identification, continuous monitoring for asset tracking, asset disposal, and asset theft/loss.

The template solves these by helping you create and maintain critical assets list and provide a structured approach for asset monitoring and disposal.

The key components of the asset management procedure include steps for creating inventory, classification of assets and implementing controls for management, document management, and responsibilities of asset owners.

Yes, both physical and digital assets can be managed using the template.