ITIL 4 Foundation Practice Exam

What is the focus of the IT asset management practice?

1. To recycle old assets for new use

2. To plan and manage the lifecycle of IT assets

3. To oversee staff training on IT asset usage

4. To create marketing strategies for IT services

The correct answer is: To plan and manage the lifecycle of IT assets

The focus of the IT asset management practice is indeed centered around planning and managing the lifecycle of IT assets. This practice ensures that organizations can effectively manage their IT assets, from acquisition through to disposal, maximizing value and minimizing costs associated with these assets. By concentrating on the lifecycle, IT asset management encompasses not only the procurement and maintenance of assets but also the strategic planning involved in the usage and eventual retirement of these assets. This approach helps organizations maintain compliance, optimize resource allocation, and ensure that their IT investments align with overall business goals. The other options, while they touch on aspects related to asset management, do not capture the comprehensive nature of the practice. Recycling old assets, overseeing staff training, and creating marketing strategies are all important in their respective contexts, but they do not represent the primary objective of IT asset management, which is all about lifecycle planning and management.