White Papers for International Standards Organization (ISO) 27002 (17799)

ABCs of defining asset value

RF Technologies Inc.

Many people are aware of an asset’s value in reference to the amount they paid for it and yet some of these same people have little understanding of the real value of an asset. This can have a huge impact on an organization’s efficiencies, individual productivity, return on investment, and their ability to comply with regulations. Correctly valuing an asset is also important for risk assessment and critical in developing mitigation strategies.
This paper details what needs to be examined before establishing the value of an asset, specifically the A – Acquisition Costs, B – Business Value, C – Cost of Ownership, D – Data Sensitivity and E – Essential value of the asset. Understanding the real value of an asset will enable you to set up appropriate processes or infrastructure to protect or locate the assets.

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