IT Asset Lifecycle Management and Audit Checklist

This IT asset lifecycle management and audit checklist ensures compliance with ITIL 4 Asset Management Practice, ISO/IEC 19770-1:2017 SAM Platform and Infrastructure, NIST SP 800-88 Rev 1 Media Sanitization for secure disposal, and COBIT 2019 BAI09 Manage Assets. Designed for IT asset managers to maintain accurate asset registers and license compliance.

  • Industry: Telecommunications & IT
  • Frequency: Quarterly
  • Estimated Time: 35-50 minutes
  • Role: IT Asset Manager / CMDB Administrator
  • Total Items: 13
  • Compliance: ITIL 4 Asset and Configuration Management Practice, ISO/IEC 19770-1:2017 SAM Platform and Infrastructure, NIST SP 800-88 Rev 1 Guidelines for Media Sanitization, COBIT 2019 BAI09 Manage Assets, SOX Section 302/404 IT Asset Controls (for public companies)

Hardware Inventory Accuracy

Physical vs. CMDB reconciliation and discovery.

  • Automated asset discovery run within last 7 days?
  • Rogue/unregistered devices on network identified and investigated?
  • Hardware approaching EOL/EOS tracked with replacement plans?
  • Physical audit sample (10% of assets) completed and reconciled to CMDB?

Software License Compliance

License entitlement vs. deployment reconciliation.

  • License reconciliation completed: entitlements vs. installed software?
  • No software overdeployment detected (deployments exceed licenses)?
  • Unused/unassigned licenses identified for reclamation?
  • Software subscription renewal dates tracked with 90-day advance alerts?

Secure Asset Disposal

NIST SP 800-88 compliant media sanitization and chain of custody.

  • Decommission procedure followed for all retired assets?
  • All storage media sanitized per NIST SP 800-88 (Clear, Purge, or Destroy)?
  • Certificates of data destruction obtained from disposal vendor?
  • Disposed assets removed from CMDB and asset register?
  • Asset Lifecycle Audit Notes

Related IT & Data Security Checklists

Related Data Center Checklists

Why Use This IT Asset Lifecycle Management and Audit Checklist?

This it asset lifecycle management and audit checklist helps telecommunications & it teams maintain compliance and operational excellence. Designed for it asset manager / cmdb administrator professionals, this checklist covers 13 critical inspection points across 3 sections. Recommended frequency: quarterly.

Ensures compliance with ITIL 4 Asset and Configuration Management Practice, ISO/IEC 19770-1:2017 SAM Platform and Infrastructure, NIST SP 800-88 Rev 1 Guidelines for Media Sanitization, COBIT 2019 BAI09 Manage Assets, SOX Section 302/404 IT Asset Controls (for public companies). Regulatory-aligned for audit readiness and inspection documentation.

Frequently Asked Questions

What does the IT Asset Lifecycle Management and Audit Checklist cover?

This checklist covers 13 inspection items across 3 sections: Hardware Inventory Accuracy, Software License Compliance, Secure Asset Disposal. It is designed for telecommunications & it operations and compliance.

How often should this checklist be completed?

This checklist should be completed quarterly. Each completion takes approximately 35-50 minutes.

Who should use this IT Asset Lifecycle Management and Audit Checklist?

This checklist is designed for IT Asset Manager / CMDB Administrator professionals in the telecommunications & it industry. It can be used for self-assessments, team audits, and regulatory compliance documentation.

Can I download this checklist as a PDF?

Yes, this checklist is available as a free PDF download. You can also use it digitally in the POPProbe mobile app for real-time data capture, photo documentation, and automatic reporting.

Browse More Checklists