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Most of the metrics that indicate successful Configuration Management are actually seen in other processes. Some of the key ones are:

• The ratio of used licenses to paid for licenses (this should be close to 1 : 1)

• Accuracy in budgets and charges for the assets used by each customer or business unit

• The percentage reduction in business impact of outages and Incidents caused by poor Asset and Configuration Management

• The reduction in the use of unauthorized hardware and software, and in non-standard and variant builds that increase complexity, support costs and risk to the business services.

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What are the Key Activities in Service Asset and Configuration Management?

The key activities of Service Asset & Configuration Management are: 1. Management and Planning 2. Configuration Identification 3. Configuration Control 4. Status Accounting and Reporting 5. Verification and Audit 6. Information Management


What is the Purpose of Service Asset and Configuration Management?

The purpose of Service Asset and Configuration Management (SACM) is to: • Identify and control all items of interest • Manage and protect the integrity of assets.


Is NOT a purpose of the Service Asset and Configuration Management process?

A purpose that is NOT associated with the Service Asset and Configuration Management (SACM) process is to directly manage incidents or service requests. Instead, SACM focuses on maintaining an accurate inventory of IT assets and their configurations to support effective service management, change management, and compliance. Its goal is to ensure that all assets are accounted for and that their relationships and configurations are understood, facilitating better decision-making and risk management rather than addressing operational issues directly.


What does the term 'digital asset management systems' mean?

The term digital asset management refers to the cataloguing, storage, retrieval, and distribution of digital assets. It generally applies to the management to the systems that surround the distribution of files.


Human resource management is a asset or liability?

An organizations greatest asset is its employees, Human Resource Management (HRM) is involved in the hiring, development, training, and retention of employees. Thus, I see HRM as an asset when appropriately functioning in the most proficient, efficient, and productive way.

Related Questions

What are the Key Activities in Service Asset and Configuration Management?

The key activities of Service Asset & Configuration Management are: 1. Management and Planning 2. Configuration Identification 3. Configuration Control 4. Status Accounting and Reporting 5. Verification and Audit 6. Information Management


What is the Purpose of Service Asset and Configuration Management?

The purpose of Service Asset and Configuration Management (SACM) is to: • Identify and control all items of interest • Manage and protect the integrity of assets.


Who are the Managers involved in IT Service Asset and Configuration Management?

They are: • Service Asset Manager • Configuration Manager • Configuration Analyst • Configuration Administrator/Librarian • CMS/Tools Administrator


Is NOT a purpose of the Service Asset and Configuration Management process?

A purpose that is NOT associated with the Service Asset and Configuration Management (SACM) process is to directly manage incidents or service requests. Instead, SACM focuses on maintaining an accurate inventory of IT assets and their configurations to support effective service management, change management, and compliance. Its goal is to ensure that all assets are accounted for and that their relationships and configurations are understood, facilitating better decision-making and risk management rather than addressing operational issues directly.


Where are JP Morgan Asset Management based?

JP Morgan Asset Management has hundreds of locations worldwide to better service their customers. However, JP Morgan Asset Management is based in London.


Which companies offer asset management services?

There are many different companies that offer this kind of service. All you have to do is type 'asset management services' into Google, and choose the one you desire. All the companies that one might see specialises in asset management services.


What services does Private Asset Management provide?

The private asset management provides a variety of services. One such service is giving their customers very good ideas to and portfolios to invest in.


Can a full service commercial real estate company be considered an asset manager?

A "full service" real estate company tends to provide an array of services one of which can be asset management but is not necessarily a qualification for being an asset manager. There are stand alone asset management companies as well as those incorporated within larger more comprehensive companies.


Where could a lottery winner find asset management solution advice?

The lottery itself has an available list of people who will help you with asset management. Otherwise various bank institutions will also provide you with this service.


What are the Challenges in IT Service Asset and Configuration Management?

Service Asset and Configuration Management can be one of the most difficult disciplines to introduce. Although it underpins virtually every aspect of Service Management, it is perceived as having little direct value itself. The following challenges are very common: • Persuading technical support staff of the value of SACM because they may see it as a hindrance. • Funding of SACM, because it is not visible to the business. • Over-engineering and collecting too much data: getting the balance between what can be recorded and what needs to be. • The CMS can become out of date as CIs are moved or changes are made. An out-of-date CMS is actually very dangerous since incorrect decisions can be made on the basis of the information.


What factors contribute to the assessment and evaluation of asset management performance?

Asset management performance refers to the effectiveness and efficiency with which an organization manages its assets to achieve its objectives. Several key factors contribute to the assessment and evaluation of asset management performance. These include the overall return on investment, risk management strategies, portfolio diversification, cost control measures, and adherence to regulatory requirements. Additionally, the ability to optimize asset allocation, monitor and measure performance metrics, and adapt to changing market conditions are crucial in evaluating asset management performance. Regular performance reviews, benchmarking against industry standards, and continuous improvement initiatives play a vital role in enhancing asset management performance and ensuring long-term financial success for the organization.


When was GBC Asset Management created?

GBC Asset Management was created in 1929.

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