Executive Summary (This is a document excerpt)

The effective and efficient implementation of an IT asset life-cycle management (ITALM) program requires an approach that is disciplined enough to enable the entire organization to maximize the value of its IT assets over the entire asset life cycle. It also demands the determination of the program's strategic goals, metrics, and ongoing improvement for risk, cost, governance, and compliance reasons. The benefits of an ITALM program range from optimized return on investment in IT assets; controlled and systematic processes that support compliance requirements; understanding and controlling assets to improve IT operation efforts; easing efforts of working with vendors and managing contracts, leases, and maintenance; and last but not least, improving IT's reputation within the business. The IT asset life-cycle manager is a key person who ensures that the program is successful, sustainable, and delivers on the benefits mentioned.

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