What does asset management primarily focus on?

Asset management primarily focuses on the controls for asset classification and protection, which is crucial in the context of information security management systems like ISO 27001. This focus ensures that all assets, whether they be information, software, hardware, or services, are identified, classified according to their importance and sensitivity, and adequately protected against risks.

In a security framework, understanding which assets are critical allows organizations to implement appropriate security measures, ensuring that data integrity, confidentiality, and availability are maintained. This is fundamental to establishing a robust risk management strategy, as it allows organizations to prioritize their security efforts based on the value and role of their assets.

While financial valuation of company assets, inventory management, and allocation of office resources may relate to asset management in a broader sense, they do not specifically address the security and protection of information assets as detailed in ISO 27001. The primary goal of asset management within this context is to ensure that all information assets are managed and protected to maintain the organization’s overall security posture.