Asset

From Business Continuity Management (BCM) and Disaster Recovery (DR) Wiki Glossary

1. Asset is an item valued and owned by an organization. It can be divided into physical, financial and non-financial assets. BCMBoK Competency Level BCMBoK 2: Risk Analysis & Review CL 2: Intermediate (BC) BCMBoK Competency Level BCMBoK 2: Risk Analysis & Review CL 4: Intermediate (DR)

(Source: Business Continuity Management Institute - BCM Institute)

2. An item of property and/or component of a business activity/process owned by an organization. There are 3 types of asset: physical assets (e.g. buildings and equipment); financial assets (e.g. currency, bank deposits and shares) and non-tangible assets (e.g. goodwill, reputation).

(Source: Business Continuity Institute - BCI)

3. An item or process that an individual,community or government values and is vital to supporting the expectations of those people,organization or government's outcomes and objectives.

(Source: Australia. A Practitioner's Guide to Business Continuity Management HB292 - 2006 )

4. Component of a business process.Assets can include people,accommodation,computer systems,networks,paper records,fax machines,etc.

(Source: OGC, Information Technology Infrastructure Library (ITIL) v3)