Asset management was not understood or valued at the firm you audited. How can you educate management about asset management?
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Asset management was not understood or valued at the firm you audited. How can you educate management about asset management?
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- In the business you just audited, asset management was poorly understood, and so its importance was not recognized. What can you do with your asset management knowledge and experience to instruct management?There was a lack of knowledge of asset management at the firm you just examined, and hence a lack of appreciation for its importance. What can you educate management about asset management using your knowledge and expertise?There was little awareness of asset management in the firm you just examined, and hence little appreciation for its importance. What can you tell the management about asset management using your knowledge and expertise?
- Sterling Associates specializes in advising clients on IT projects and information systems development. Marketing is creating a brochure for prospective new clients, and they want you to develop a section that describes payback analysis, ROI, and NPV in simple terms and mentions the pros and cons of each financial analysis tool. How do you proceed?Describe how risk may be reduced by combining and diversifying assets.Which of the following activities is supported by financial management systems? Question 9 options: 1) mapping the employee life cycle, starting from recruitment to retirement 2) deciding which suppliers to use for sourcing raw materials 3) budget planning, assets, general ledger, and related activities 4) creating and maintaining a repository of employee contact information
- Describe the concept of asset management within system management strategies.What are the main challenges in IT asset management, and how can they be addressed?Why is it important to treat security not as a "point in time" measurement? If you had to explain the important of investing in security in a long-term strategy to a CEO or CFO, how would you counter the "point in time" argument?
- What considerations should be considered when assessing information asset risk?In as few words as possible, please explain the meaning of the phrase "balanced scorecard." What exactly is the connection between something like this and the day-to-day running of a business?Suppose you were given the post of Chief Sustainability Officer (CSO) for a big firm. How would you want to be reported to? Under what conditions do you believe that having a reporting relationship with the CIO is the best option for your company?