Asset Management Digital and IT Asset Management 2

Question 1

Which standard provides requirements for an asset management system and is applicable to organizations managing physical, financial, and IT assets?

Accepted Answer

ISO 55001

Answer

ISO 55001 specifies requirements for an asset management system, helping organizations achieve value from their assets.

Question 2

In ITAM, 'end-of-life' (EOL) management involves:

Accepted Answer

Planning and executing the secure decommissioning or disposal of retired IT assets

Answer

EOL management ensures retired IT assets are securely wiped, properly disposed of, and removed from asset records to avoid security and compliance risks.

Question 3

What is the primary purpose of IT asset discovery tools in an ITAM program?

Accepted Answer

Automatically detect and inventory hardware and software across the network

Answer

Asset discovery tools scan the network to automatically identify, catalog, and track all connected hardware and installed software.

Question 4

Which US law requires public companies to maintain adequate internal controls over financial reporting, including IT asset records?

Accepted Answer

Sarbanes-Oxley Act (SOX)

Answer

SOX Section 404 requires management and auditors to assess internal controls over financial reporting, encompassing IT systems and asset records.

Question 5

Cloud asset management differs from traditional ITAM primarily because:

Accepted Answer

Cloud resources are dynamically provisioned and can change rapidly, requiring automated tracking

Answer

Cloud environments spin resources up and down dynamically, making automated discovery and real-time tracking essential for accurate cloud ITAM.

Asset Management Practice Test

Asset Management Practice Test

Asset Management Digital and IT Asset Management 2