Individuals as well as other entities having approved management responsibility for the asset lifecycle
qualify to be assigned as asset owners.
A process to ensure timely assignment of asset ownership is usually implemented. Ownership should be
assigned when assets are created or when assets are transferred to the organization. The asset owner
should be responsible for the proper management of an asset over the whole asset lifecycle.
The asset owner should:
a) ensure that assets are inventoried;
b) ensure that assets are appropriately classified and protected;
c) define and periodically review access restrictions and classifications to important assets, taking
into account applicable access control policies;
d) ensure proper handling when the asset is deleted or destroyed.