Description
The Asset Management Procedure is critical for tracking, categorizing, and securing all assets within an organization’s Information Security Management System (ISMS). Aligned with ISO 27001 requirements, this SOP ensures that every asset, from physical devices to software and sensitive data, is identified, assigned an owner, and safeguarded throughout its lifecycle. By implementing a structured Asset Management Procedure, organizations gain full visibility of their assets, reducing risks of data breaches, loss, and unauthorized access.
This procedure includes guidelines for asset registration, classification, and handling, making it a central pillar of an effective ISMS. The Asset Management Procedure covers the entire asset lifecycle—from acquisition to disposal—allowing organizations to enforce access control measures, maintain up-to-date inventories, and establish secure protocols. This structure helps create a resilient, risk-aware organization where all information assets are accounted for and monitored for security compliance.
In connection with other critical SOPs, such as P-ISMS-002: Access Control Management, the Asset Management Procedure ensures that only authorized personnel have access to valuable assets, reducing the risk of internal security breaches. It also works closely with P-ISMS-003: Data Classification and Handling by helping categorize assets based on their sensitivity, ensuring that data is handled appropriately according to its classification. Through these interconnections, organizations build a well-rounded approach to security that encompasses every facet of asset protection.
Furthermore, this Asset Management Procedure outlines responsibilities for asset custodians and security officers, establishing accountability at every level. Each asset is assigned an owner responsible for its security, usage, and lifecycle management. This accountability is central to ISO 27001’s framework and enables organizations to track who is responsible for asset-related incidents, ensuring faster response times and clearer paths for remediation.
Beyond compliance, the Asset Management Procedure contributes to organizational efficiency by streamlining processes such as procurement, maintenance, and auditing. With a clear view of assets, organizations avoid redundancy, reduce unnecessary expenses, and ensure that all assets are optimized for operational use. The SOP also mandates regular audits and inventory checks, helping organizations maintain accurate records that are essential for audits and reviews.
Implementing the Asset Management Procedure elevates an organization’s security posture by securing all assets, maintaining compliance with ISO 27001, and fostering a culture of accountability. This SOP not only supports security but also enhances asset utilization, delivering value across the organization.
The following forms are associated to this SOP:
- FORM-ISMS-008-1 – Asset Inventory Form
- FORM-ISMS-008-2 – Asset Classification Form
- FORM-ISMS-008-3 – Asset Access Request Form
- FORM-ISMS-008-4 – Asset Disposal Form
The forms are included in this SOP at no additional cost
