What is the difference between an asset and a configuration item?

An “Asset” is something that has intrinsic value to a person or an enterprise. A “Configuration Item” is an entity or thing that you with to track that is required for the delivery of a service.

What is configuration and asset management?

SACM is a combination of two important processes: Asset management which addresses the assets you use to deliver IT services. Configuration management which tracks the configurations of and relationships between the various components (configuration items or CIs) of your various IT services.

What is difference between asset management and configuration management?

IT asset management (ITAM) involves IT assets and related non-IT assets (any asset that is not part of IT but is required for service delivery). Configuration management, while is shares some common features of asset management, encompasses more than an asset’s financial attributes and lifecycle.

Is a configuration item an asset?

All configuration items qualify as assets, but not all assets are CIs. This is because of how both are managed. For example, an asset could be your company’s capital, or the knowledge inside one developer’s head.

What are examples of configuration items?

Examples of Configuration Items include software and applications, locations and offices, employees and customers, documentation, hardware and companies, and even your incidents, changes and customers.

What is meant by asset management?

Asset management refers to the management of investments on behalf of others. The process essentially has a dual mandate – appreciation of a client’s assets over time while mitigating risk. The role of an asset manager consists of determining what investments to make, or avoid, that will grow a client’s portfolio.

What is the difference between CMDB and asset?

The major difference between CMDB and Asset Management is that CMDB contains Assets as Configuration Items (CIs), whereas, Assets, by themselves, are standalone items that have intrinsic financial value to an organization. CMDB is a component of asset and configuration management.

What is considered a configuration item?

A configuration item (CI) is any service component, infrastructure element, or other item that needs to be managed in order to ensure the successful delivery of services. Each CI has several characteristics: A classification, or type, which indicates what kind of item it is.

How do you identify a configuration item?

Configuration items can include hardware, equipment, and tangible assets as well as software and documentation. Documentation can include requirements specifications and interface documents. Other documents that serve to identify the configuration of the product or service, such as test results, may also be included.

What are the 4 types of assets?

Common types of assets include current, non-current, physical, intangible, operating, and non-operating.

What’s the difference between asset and configuration item?

According to VeriSM (TM), an asset is defined as anything that is useful or valuable within a product or service. This value is generally determined financially: how much an asset costs versus how much it saves. ITIL defines a configuration item (CI) as any component that must be managed in order to deliver an IT service.

What is the purpose of service asset and configuration management?

The purpose of this document is to describe the Service Asset and Configuration Management (SACM) process. SACM aims to maintain information about Configuration Items (CI) required for the delivery of an IT service, including their relationships.

What are assets and configuration items in ITSM?

Assets and configuration items both comprise the underlying components that deliver products and services to customers. In an ITSM environment, these components could include mobile apps, virtual servers, networking infrastructure, software licenses, and databases. The biggest difference between the two?

What are assets and configuration items in ITIL v2?

In ITIL v2, there were essentially two separate processes: Asset Management and Configuration Management. Asset management was considered an accounting based process that was concerned primarily with maintaining details of assets for the purposes of depreciation (or amortization).