What is ISO-FDIS 19770-5:2017?

ISO-FDIS 19770-5:2017, also known as the Information technology -- IT asset management -- Part 5: and vocabulary, is an international standard that provides guidance for organizations to effectively manage their IT assets. It defines terms and concepts related to IT asset management (ITAM) and establishes a common understanding among professionals in this field.

The importance of IT Asset Management

Effective IT asset management is crucial for organizations of all sizes and industries. It helps them gain better control over their IT assets, such as hardware, software, and digital content, throughout their lifecycle. By implementing the practices outlined in ISO-FDIS 19770-5:2017, organizations can optimize the utilization of their IT assets, reduce costs, improve compliance, and enhance decision-making processes.

Main components of ISO-FDIS 19770-5:2017

The standard consists of several key components, including:

Vocabulary: ISO-FDIS 19770-5:2017 introduces a comprehensive list of terms and definitions related to IT asset management. This ensures a consistent understanding of these concepts across organizations and facilitates effective communication within the industry.

: The standard provides an of the purpose and scope of ITAM. It outlines the benefits of implementing IT asset management practices and highlights the key activities involved in the management of IT assets.

Relationship with other ISO standards: ISO-FDIS 19770-5:2017 emphasizes the alignment with other ISO standards, particularly those related to IT service management and information security management. This integration enables organizations to establish a cohesive and robust framework for managing their IT assets.

Implementation guidance: The standard offers practical guidance on how organizations can implement effective IT asset management. It covers various aspects, including policy development, planning, deployment, and ongoing improvement. This ensures a systematic approach to managing IT assets throughout their lifecycle.

The benefits of adopting ISO-FDIS 19770-5:2017

By adopting ISO-FDIS 19770-5:2017, organizations can reap numerous benefits such as:

Better visibility and control over IT assets, leading to more accurate inventory management and improved cost-effectiveness.

Enhanced compliance with regulatory requirements and industry standards, reducing legal risks and potential penalties.

Improved decision-making processes related to IT asset acquisition, utilization, maintenance, and disposal.

Increased efficiency in software license management, enabling organizations to optimize their software expenditure and avoid non-compliance issues.

Standardized terminology, facilitating effective communication and collaboration among IT asset management professionals.

In conclusion, ISO-FDIS 19770-5:2017 is an essential standard for organizations looking to establish effective IT asset management practices. Its comprehensive vocabulary, , and implementation guidance provide the necessary foundation for optimizing IT asset utilization, reducing costs, and improving compliance. By embracing this standard, organizations can enhance their overall IT asset management capabilities and drive long-term success.